article thumbnail

Why Does The Path To Retail Innovation Go Through So Many Labs?

PYMNTS

Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. But not all innovation labs or tech hubs give rise to seamless tech progression. PYMNTS readers can be forgiven if they view innovation labs (no matter the label) as something that verges on retail fad.

article thumbnail

What Innovators Can Learn From Netflix

PYMNTS

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. In 2007, Netflix introduced streaming services to further scratch that consumer itch. In the book, he freely admits that his formula might not work for every company.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Flipkart Raises $1.2B On $24.9B Valuation From Walmart-Led Investors

PYMNTS

We will continue innovating to bring the next 200 million Indian shoppers online.”. million in Arvind Fashions’ new subsidiary, Arvind Youth Brands, to expand its reach in India’s fashion market. million in Arvind Fashions’ new subsidiary, Arvind Youth Brands, to expand its reach in India’s fashion market.

article thumbnail

Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

article thumbnail

Domino’s Mobile Order-Ahead 2.0: How Voice, 5G Can Deliver

PYMNTS

Domino’s was one of the first chains to innovate the space, developing an online tracker that reported order statuses to customers in real time and offered artificial intelligence (AI)-driven voice ordering. Domino’s took its first digital ordering step by introducing a delivery feature on its website in 2007. million in 2019.

Mobile 145
article thumbnail

Visa Inks Partnerships With More Football Associations

PYMNTS

“Visa has strategically positioned itself at the center of football and these events will further exemplify the unique experiences only Visa can provide to fans across the globe,” said Chris Curtin, chief brand and innovation marketing officer at Visa, in the press release.

National 115
article thumbnail

Decoupled Debit — Again?

PYMNTS

The year is 2007. Analysts at the time called this product “an historic opportunity” to bolster the merchant’s “corroding bottom lines,” and innovators rushed to build new applications to help them seize it. Just like 2000, and then again in 2007 with the initial hype over decoupled debit. There’s only one problem.

Branding 184