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How Retailers Could Turn Smart Vending Into A $15B Market By 2025

PYMNTS

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. The estimated value of the global intelligent vending machine market by 2025 is $15 billion.

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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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Japan Tests Robotic Bartender In Push For Retail Automation

PYMNTS

The robot offers beverages in an establishment operated by the Yoronotaki restaurant firm, Reuters reported. We hope it’s a solution,” said Yoshio Momiya, a Yoronotaki manager. Japan foresees a shortfall of 380,000 workers by 2025 in just the healthcare sector alone. Testing of the robotic bartender will take two months.

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How Retailers Are Gearing Up For Contactless Payments Via mPOS

PYMNTS

From CVS to T-Mobile , retailers and technology providers are catering to the trend of contactless payment acceptance with new solutions and methods of handling cards from customers. While the pharmacy retailer had slowly brought the functionality to its brick-and-mortar stores, the rollout was subsequently publicized.

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Shell Launches Fleet Card, Telematics Suite In India

PYMNTS

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. Zain Hak, general manager for Shell Fleet Solutions Asia, said the company’s fleet management experience spans 30 countries, giving it “an in-depth understanding of the needs of fleet owners.” .

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Google Eyes Investing In Indonesia’s eCommerce Hub Tokopedia

PYMNTS

The Indonesian eCommerce retailer backed by SoftBank Group Corp. ’s the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1 We see our mission, to make it easy to do business anywhere, reflected in Tokopedia’s journey,” said Finance Manager Kenny Ho at Alibaba at the time.

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Kohl?s Leans Into Digital During Pandemic Store Closures

PYMNTS

CEO Michelle Gass said in a Tuesday (May 19) first-quarter earnings call with analysts that the retailer amplified its digital marketing efforts and revised its online site content. The retail executive said home was the most formidable category, with digital sales rocketing over 50 percent for the quarter. billion and $1.75.

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