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. The firm expects eCommerce to grow from the current figure, $445 billion, as consumers continue to move away from traditional retailers.
PYMNTS
NOVEMBER 14, 2018
And European retailers are embracing digital payments: H&M, for instance, recently inked a partnership with Klarna through which they will further integrate H&M’s physical and digital stores. The expected size of the digital payments industry by 2027 is $2.4 The company also reported that online retail sales may hit $123.73
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PYMNTS
NOVEMBER 11, 2020
billion by 2027. . Retail giant Walmart is looking to cash in on social commerce and has a tentative deal on the table for a 7.5 buyers when the Trump Administration tried to ban the app citing national security. A recent report forecasted that social commerce will reach $604.5 percent stake in TikTok’s U.S. operations.
PYMNTS
NOVEMBER 14, 2018
trillion: Estimated value of the global digital payments market by 2027. 60: Approximate number of nations that, as of November 2018, were pursuing a digital identity plan. 100 million: The expected installed base for smart speakers by the end of 2018 – 2.5 times the installed base at the same time in 2017.
PYMNTS
JULY 18, 2017
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.
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 percent by 2027, when it will reach a total valuation of $87.6 percent year-over-year growth in digital commerce in the first quarter of 2020.
PYMNTS
JUNE 18, 2020
billion in annual spending on PPE projected by 2027. Ancona , vice president and general manager, National Client Group B2B, American Express , told PYMNTS. Numbers are fairly staggering even as COVID-19 infections slowly recede, with $98.3 But making more PPE isn’t the only issue.
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