FTI Says US Online Retail Sales Likely To Surpass $1 Trillion By 2027

PYMNTS

The business advisory firm FTI Consulting has forecasted that online retail sales in the United States will top $1 trillion by 2027 , CNBC reports. Retail 2027 Amazon e-commerce FTI Consulting National Retail Federation News What's HotThe firm expects eCommerce to grow from the current figure, $445 billion, as consumers continue to move away from traditional retailers.

Morgan Stanley: Apple Healthcare Could Bring In $313B By 2027

PYMNTS

Reports said the high-end of Morgan Stanley analysts peg potential sales as high as $313 billion by 2027. At the mid-point, Apple’s health efforts could result in ~$90 billion of annual revenue by 2027, roughly ~25 percent of its current revenues base,” analysts said in a report released Monday, pointing to a few key differentiators for Apple over top rivals Microsoft and Google.

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Research data indicates PSD2 is set to topple Europeâ??s â??House Of Cardsâ?? by 2027

Bobsguide

We’re at something of an inflection point in the payments landscape. It’s pretty clear that the arrival of PSD2 and Instant Payments will significantly disrupt retail payments, and the media has been awash with the “what ifs” However, the debate has lacked any concrete data

Technology, MiFID II and 2027: The changing face of the post-trade industry

Bobsguide

The Markets in Financial Instruments Directive (MiFID) II is the largest regulatory change to hit the financial services industry since the crisis. Although the legislation has been in effect since January 2018, the industry is still scrambling to put the infrastructure in place to meet the new

Ecommerce sector to reach USD 200 bln by 2027

The Paypers

(The Paypers) Morgan Stanley has revised its estimate for the ecommerce sector, expecting it to reach USD 200 billion by 2027, according to Times Now

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Europe e-invoicing market to reach USD 4217.6 mln by 2027 with CAGR of 17.1%

The Paypers

million by 2027 at a CAGR of 17.1 The Europe-based e-invoicing market was valued at USD 1,241.7 million in 2019 and is projected to reach USD 4,217.6

Ovum Research: PSD2 to cause a decline in online card volumes by 2027

The Paypers

(The Paypers) Ovum , a market research and consulting company, has released a study that shows how PSD2 will drive single card payments down by 37% until 2027

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Mobile payment technologies market to account for USD 3104.8 bln globally by 2027

The Paypers

Coherent Market Insights ’ analysis has unveiled how mobile payments are increasingly becoming a vital instrument in various markets, especially in emerging economies

Japan’s Mega Banks to Cut 33,000 Jobs

Bank Innovation

Japan’s is Mizuho Bank is cutting 19,000 jobs by 2027, following in the footsteps of Nordea Bank, which last week announced it was cutting 6,000 jobs by 2020. Two other major banks Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group will also be cutting jobs over the next few years. A total of 33,000 […]. Exclusive Online Retail Japan Mizuho Bank Nordea

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Innovative Approaches To Retail And PCI Compliance

PYMNTS

6.8B: Estimated size of the global tokenization market by 2027. Home Depot has revamped its loyalty program by allowing Pro Xtra members to earn points for shopping and redeeming benefits via its app.

Green Dot renews vital card partnership with Walmart

Payments Source

The two companies agreed to continue to collaborate on a prepaid card program until 2027. The deal holds particular importance for Green Dot, which relies heavily on revenue generated at the discount retail giant. Prepaid cards Fintech Retailers Green Dot Walmart

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Hyundai, Apple Said To Be Ready For Electric Car Agreement By March

PYMNTS

The report follows a statement from last week where Hyundai Motor said it was in early talks with Apple, after a local media outlet had reported that the two were aiming at 2027 for a launch of the car.

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Use of cash has decreased, while PaaS platforms increase during the COVID-19 pandemic

The Paypers

billion by 2027 A report from Grand View Research has revealed that the global payments as a service market size is expected to reach USD 25.7

Same-day ACH: is anyone excited?

Celent Banking

NACHA’s own estimates predict that by 2027 (I don’t make predictions that far into the future) a whopping 1.4 That’s 6% of 2014 ACH network volume – presumably a much smaller percentage of 2027 volume. So, by 2027, the industry will have spent nearly $500 million so banks can offer customers a premium priced same-day payment option using the ACH when other, faster options already exist.

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Innovative Approaches To Retail, Digital Payments And Healthcare 

PYMNTS

87.6B: Projected value of the global payment gateway market by 2027. The rise in online shopping amid the pandemic is making digital payment options essential to healthy cash flow. Smart routing is quickly gaining momentum as one of the tools at a merchant’s disposal. And shoppers want technology solutions like self-checkout in post-COVID-19 retail environments, while healthcare companies are teaming with pharmacies to provide patients with access to primary care clinics.

Indonesian FinTech LinkAja Closes $100M Series B Led By Singapore Super App Grab 

PYMNTS

Cashless transactions in the country using digital money is anticipated to increase to 24 percent by 2027. Indonesian FinTech LinkAja closed a series B funding round led by Singapore super app Grab, with participation from Telkomsel, BRI Ventura Investama and Mandiri Capital Indonesia. . “We

The big squeeze on trading: caught between Mifid II and a hard place

Bobsguide

Technology, MiFID II and 2027: The changing face of the post-trade industry [3:30 This editor's picks analyses trading from all sides - the legislation, the emerging technologies and the best practice shared by the thought leaders in the bobsguide community.

HelloFresh To Spend Up To $277M For Meal Company Factor75

PYMNTS

Customers' appetite for meal kit services has grown larger since the pandemic started, with the industry projected to reach a value of $20 billion by 2027, PYMNTS reports.

Mercari Acquires Rival Marketplace App Origami

PYMNTS

The country is “one of the most heavily cash-dependent economies in the world” and the government now intends to move consumers away from a traditional reliance on cash and double the cashless payments transactional rates to 40 percent by the year 2027. Mercari , the flea market app in Japan with nearly 15 million users, announced Thursday it is purchasing Origami , a payments platform also in Japan. The purchase amount is undisclosed, according to DealStreetAsia.

Report: Social Commerce Market Reaches $89B

PYMNTS

billion by 2027, growing at a CAGR of 31.4 Regardless of what happens with the sale of TikTok, social commerce could become a retail factor to reckon with in Q4, and is definitely ready for its close-up in 2021. In fact a new report puts the global market for social commerce at $89.4

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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

PYMNTS

billion by 2027, propelled by a compound average growth rate (CAGR) of 25.7

Reliance Tests eCommerce Portal In India

PYMNTS

KPMG said India’s appetite for eCommerce is set to grow by $200 billion from now until 2027. A new shopping portal by Reliance Retail initiated testing just days after it was announced that Facebook would invest $5.7 million in digital assets into JioMart , a subsidiary of Reliance.

Digitizing B2B Payments: Virtual Cards Save CFOs Invoicing And Payments Hassles

PYMNTS

percent from 2020 to 2027. Construction companies need to ensure they can swiftly purchase materials and other supplies to complete their projects and maintain steady cashflows.

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Morgan Stanley Will Shutter Banking Operations In Russia In Q1 Of 2020

PYMNTS

Reports said at the high end Morgan Stanley analysts peg potential sales as high as $313 billion by 2027. At the mid-point, Apple’s health efforts could result in ~$90 billion of annual revenue by 2027, roughly ~25 percent of its current revenues base,” analysts said in a report, pointing to a few key differentiators for Apple over top rivals Microsoft and Google.

Today In Data: All Digital, All The Time, Everywhere

PYMNTS

trillion: Estimated value of the global digital payments market by 2027. The fact that things are going digital isn’t shocking or even news – it has seemingly been the drift of things for over two decades. But the speed at which some things have already made the switchover – payments and lending spring to mind – is impressive.

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PrimeLending Taps AI To Digitize Loans, Speed Up Disbursements

PYMNTS

Another study predicted that the P2P lending market will reach nearly $559 billion by 2027 due to this expanded interest.

Uber To Finance Careem Acquisition With $750M Of Debt

PYMNTS

As reported by Yahoo Finance , the financing will be done through a private placement (known as a 144A), and the notes will be due in 2027. Uber said Thursday (Sept. 12) that it will tap $750 million in debt financing to help fund its $3.1 billion buy of Careem , a ride hailing company that is based in the Middle East. The acquisition was announced in March and affords Uber the chance to obtain a rival based in Dubai.

Neobank Joust Raises $2.6M To Improve Freelancer Payments

PYMNTS

There are 57 million freelancers in the country, and about half of the American workforce will do some type of freelance work by 2027. The funding round was led by PTB Ventures, with help from Accion Venture Lab, Financial Venture Studio and Techstars. Founded by Lamine Zarrad and George Kurtyka in 2017, Joust aims to help independent professionals find more financial stability and avoid late payments amid the irregular payment system for freelance work.

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FinTech Oxygen Introduces eBanking Solution For Gig Economy

PYMNTS

workforce by 2027. Challenger bank Oxygen is rolling out a new platform for financial services tailored to freelancers and independent contractors, the company said in a statement on Thursday (May 14). Hussein Ahmed , founder and CEO of Oxygen, said the gig economy in the U.S. is at an all-time high and growing. Unfortunately, some traditional institutions aren’t adapting. That’s leaving the newest generation of workers and those who are self-employed short on options,” he said.

China Creates National Cyberattack Database

PYMNTS

In addition to these new rules and requirements, the country’s Cyberspace Administration of China and its education ministry revealed last month a plan to build approximately four to six cybersecurity schools between 2017 and 2027 to do battle against hackers and cybercrime. China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it.

Walmart India Head Upbeat About eCommerce Prospects

PYMNTS

Around 40 percent of total consumption by 2027 from the current 27 percent will be from the middle class,” Iyer said. Walmart India President and CEO Krish Iyer expects the eCommerce market in India to explode during the next decade. According to a report in Money Control citing Iyer, the executive expects the online retailing market to see growth of six times to reach 12 percent during the next decade. As it stands, eCommerce represents only 2 percent of the market.

DISH Network Agrees To Pay $210 Million for Vendors’ Violations In Historic Department of Justice Telemarketing Enforcement Action

CFPB Monitor

DISH has also been ordered to prepare a telemarketing plan, submit compliance materials to the Department of Justice and the Federal Trade Commission for review through 2027, and provide compliance reports upon request by the agencies. A recent settlement between the U.S.

Shift4 Introduces Contactless QR Pay Tech

PYMNTS

trillion by 2027, according to a recent report by Grand View Research. Just as eateries and other business begin to reopen after COVID-19-related closures, Shift4 Payments announced Wednesday (June 24) it is rolling out a tool that that lets customers pay for meals, products and services by using their mobile devices to scan QR codes. Shift4 Payments calls its contactless technology QR Pay and says it won’t cost existing Shift4 clients extra to add the service. “As

AI/BOTS: Artificial Intelligence’s Impact On Jobs

PYMNTS

By the year 2027, Forrester is predicting U.S. Between now and 2027, however, there will be 24.7 Robots are coming for your job! As more chatbots enter the enterprise arena, as well as the retail industry, for customer service needs, this concept has morphed from fantasy into reality.

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Neobank Joust Targets Freelancers With New App

PYMNTS

and by 2027, more than 50 percent of the country’s workforce is anticipated to freelance in some manner, according to 2019 data by Upwork and the Freelancers Union. Neobank startup Joust is rolling out a new banking app to help freelancers and self-employed people manage their businesses, the company announced on Wednesday (Jan. The app was designed using input from customers and features an analytical dashboard, Joust Visa debit card management, invoice creation, payments and more.

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