PYMNTS
OCTOBER 17, 2017
The business advisory firm FTI Consulting has forecasted that online retail sales in the United States will top $1 trillion by 2027 , CNBC reports. As of 2017, online retail sales account for 12 percent of total retail transactions in the United States, but 50 percent of retail sales growth over the span of the previous year.
PYMNTS
JULY 16, 2020
This risk is even greater now that the pandemic has upended normal shopping behaviors, driving an increasing number of consumers online to shop and pay, with retailers having experienced a 14.8 The pandemic is driving consumers online to shop and pay, and expansion of the payment gateway market shows no signs of slowing.
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PYMNTS
JANUARY 28, 2019
Every nation has a right to frame policies that best suit its economic and social needs,” Snapdeal said in its letter. Both want a piece of the growing eCommerce pie in the country as more people embrace online shopping. Amazon and Walmart are pouring billions of dollars into India, with Amazon earmarking $5.5
PYMNTS
JUNE 18, 2020
billion in annual spending on PPE projected by 2027. In the last few months, we’ve seen companies focus on selling goods and buying inventory online. Ancona , vice president and general manager, National Client Group B2B, American Express , told PYMNTS. But making more PPE isn’t the only issue.
PYMNTS
NOVEMBER 14, 2018
Online shopping is on a tear, and marketplaces are reaping the rewards. billion — online payments were completed in the U.S. In the post, Shopify wrote, “by accepting Venmo directly in your online store, users can complete their purchase in just a few clicks. The expected size of the digital payments industry by 2027 is $2.4
PYMNTS
AUGUST 15, 2019
And insofar as they shopped online, cards (credit and debit) were preferred by nearly three-quarters of respondents. In the intervening several years, several forces, most notably the Japanese government, have actively pushed to get the nation off its cash addiction — and into digital payments.
CB Insights
OCTOBER 3, 2018
Mizuho Financial Group in Japan says it will use AI to replace 19,000 people by 2027 — about a third of its workforce. Amazon, for example, is perhaps one of the nation’s most important defense contractors. The system uses machine learning to identify fake news and malicious digital content meant to deceive people online.
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