article thumbnail

Is This The End Times For Brick-And-Mortar Retail?

PYMNTS

Among the latest dim figures about brick and mortar (or, if you prefer, the latest bright news for eCommerce operators)? A longer-term retail outlook, this one from investment firm UBS , said that an estimated 75,000 brick-and-mortar stores are likely to shut down by 2026. Online Rising. According to Coresight Research , U.S.

Retail 179
article thumbnail

Can Real Estate Provide A Lifeline for Physical Retail?

PYMNTS

have been hurt as shoppers make more purchases online, forcing retailers to think of ways to either downsize their footprints or repurpose their stores. Macy’s is certainly not the only retail operation with new ideas about how to deal with its real estate as physical retail keeps losing its luster and more consumers shop online.

Retail 122
Insiders

Sign Up for our Newsletter

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

article thumbnail

Healthcare Looks To 5G For Cost Control

PYMNTS

When paired with AI [artificial intelligence] on an online portal, 5G will provide patients with tools to discuss their cause of concern, access information about pre-existing conditions, and even receive treatment recommendations and prescription fills all online, without the need to come in for an appointment.”.

Analysis 196
article thumbnail

Connected Vehicle Security Takes A Spot In The Front Seat

PYMNTS

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. According to one estimate, “about 50 million internet-connected cars operate on U.S. percent CAGR from 2019 to 2026. Even so, alarming reports keep surfacing.

Security 119
article thumbnail

Deep Dive: How Escrow Solutions Build Digital Marketplace Trust

PYMNTS

Digital marketplaces like Craigslist and Facebook Marketplace use API-based solutions to introduce escrow offerings into their operations. Secure and fast disbursements could open new doors for big-ticket items to be exchanged online. Escrow solutions can also be used to help secure online real estate transactions.

Tools 108
article thumbnail

India’s Payments Power Moves

PYMNTS

The company is rebranding Tez , its digital payment app designed for the Indian market, to Google Play, which already operates in 20 countries. Online Retail Growth. Online retail is another battleground in India, as eCommerce in the country will hit $200 billion by 2026, according to a Morgan Stanley estimate.

Payments 108
article thumbnail

India Payment And Commerce Competition Heats Up

PYMNTS

Google said that Tez , its digital payment app designed for the Indian market, will be rebranded as Google Play, which already operates in 20 countries. Tez — or Google Play in India — also will reportedly gain capabilities for online and offline retail after already being able to handle bank-based, bill and utility payments.

Payments 100