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

PYMNTS

The estimated value of the global intelligent vending machine market by 2025 is $15 billion. That smaller size opens up whole new markets, and gains access to spaces that have never had a retail experience [as] a part of it.”. The projected CAGR of the global interactive kiosk market from 2019 to 2027 is 6.1

Retail 177
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Southeast Asia’s Internet Economy To Hit $240B By 2025

PYMNTS

Thanks to affordable mobile internet, the internet economy in Southeast Asia is expected to surpass $240 billion in 2025, according to a new study conducted by Google and Temasek Holdings of Singapore. of its GDP, ranks second in Southeast Asia, although it still lags behind markets like the U.S.

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AI Healthcare Mkt Projected To Reach $36B By 2025

PYMNTS

Artificial intelligence (AI) in the healthcare market is expected to grow to $36.1 billion by 2025. “The growing adoption of NLP [in] applications such as patient-data and risk analysis, lifestyle management and monitoring, and mental health is propelling the growth of this technology in the market.”

Phoenix 177
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Mobile Means Much To CU Customers (Especially Younger Ones)

PYMNTS

The in-branch banking visits give way to mobile transactions, where people may never meet face-to-face. Thus, technology must always be fine-tuned and sometimes overhauled, and mobile must be top of mind if CUs want to keep relationships with younger customers, who will of course wield significant financial power as time goes on.

Mobile 128
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Singapore’s Mobile Payments Market Appeal

PYMNTS

There’s one particular country that’s been creating a lot of attention in the mobile payments ecosystem in the past week. While those facts may seem a bit random for this edition of the mobile payments tracker, they do, in fact, matter. So, what have these three major mobile pay players have been up to in Singapore?

Mobile 100
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US Mobile Adopts Digital Identity Protocols To Protect Against SIM Swap Fraud

PYMNTS

One study found that these apps will outnumber phy sical identity cards by 2023, with this trend being driven largely by national ID programs in emerging markets. billion digital ID apps are expected to be in use by 2025, with their growth being mostly attributed to the need for contactless ID verification during the pandemic.

Fraud 242
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Retailers Focus On Visual Search For Apps, Kiosks

PYMNTS

Data: 2019: The year Tommy Hilfiger introduced its visual commerce app via desktop and mobile at tommy.com. 23.11B : Value of the global interactive kiosk market in 2018. percent: CAGR of the global interactive kiosk market from 2019 to 2025. 2017: The year Target began incorporating Pinterest’s visual search tool.

Retail 184