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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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Reliance Tests eCommerce Portal In India

PYMNTS

Ambani, Asia’s richest man, is now a bit closer to his goal of establishing an eCommerce platform to rival Amazon or Walmart’s FlipKart in India’s ripe market for that field. KPMG said India’s appetite for eCommerce is set to grow by $200 billion from now until 2027. Vikraman P.N.,

Regional 215
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QR Codes Enjoy A Renaissance In A Post-COVID World

PYMNTS

For example, PayPal introduced QR codes in May to 28 markets worldwide, with transaction fees waived for QR code sales. “We And as we recently noted , the overall contactless payment market is expected to hit $4.68 trillion by 2027, according to a recent report by Grand View Research.

Apple 293
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Shift4 Payments Rebrands 3dcart, Launches eCommerce Platform Shift4Shop

PYMNTS

The platform offers website templates, product and order management, and marketing tools. The overall contactless payment market is expected to hit $4.68 trillion by 2027, according to a June report. 27) in a press release.

Payments 141
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Neobank Joust Raises $2.6M To Improve Freelancer Payments

PYMNTS

At Joust, we understand the growing market of self-employed workers, freelancers and small businesses, and their need for an all-in-one banking solution –especially one that gives them the same benefits enjoyed by major corporations. Existing financial market infrastructure just isn’t built to provide this bundle.

Payments 143
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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

PYMNTS

There are many technologies that can help keep customers’ data safe, with increasing market interest in tokenization in particular. Many firms are turning to payments orchestration providers, equipped with tokenization and data vaults, to help manage their compliance operations. percent over the next seven years.

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AI/BOTS: Artificial Intelligence’s Impact On Jobs

PYMNTS

Retail Systems Research’s Managing Partner, Nikki Baird, commented on this in a recent Forbes piece. This gives credence to the often-cited Gartner stat that 85 percent of business relationships with consumers will be managed with zero human interaction by the year 2020. By the year 2027, Forrester is predicting U.S.

Retail 121