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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. And digital disruptors are putting a new spin on vending machines.

Retail 177
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Reliance Tests eCommerce Portal In India

PYMNTS

A new shopping portal by Reliance Retail initiated testing just days after it was announced that Facebook would invest $5.7 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. 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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AI/BOTS: Artificial Intelligence’s Impact On Jobs

PYMNTS

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. Earlier this year at the National Retail Federation’s Big Show, the hot topic of debate was how chatbots can be beneficial to consumers if implemented in the correct way.

Retail 121
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Are Mobile Payments Finally Ready To Ignite In Japan?

PYMNTS

It’s the market that should ignite but stubbornly refuses to. Included in Japan’s cashless by 2027 plan is doubling the ratio of card and e-money transactions from there within the next eight years in the eventual hopes of building what Prime Minister Shinzo Abe has called a “$1tn-plus cashless market.”.

Mobile 154
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Amazon Walmart Whole Paycheck Tracker: Beauty, Fashion And Food

PYMNTS

Walmart’s move on skincare could have been forecast simply by looking at skincare’s $123 billion in global revenue in 2018, or the $175-$200 billion it is forecast to generate annually by 2027. Walmart, it seems, is hoping to ride that wave of rising retail enthusiasm, with this week’s announcement of its new Earth to Skin product line.

Branding 109
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Deep Dive: Using Payments Orchestration To Power International Growth

PYMNTS

The cross-border eCommerce market presents a massive growth opportunity for businesses looking to expand, as eCommerce sales are expected to reach $18.9 trillion by 2027, and more than half of all eCommerce shoppers buy from merchants abroad. The ongoing pandemic is fueling this demand for digital commerce options.

Payments 162