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Online payment fraud losses to exceed USD 343 billion by 2027 – Juniper Research

The Paypers

Juniper Research has released a study revealing cumulative merchant losses to online payment fraud globally between 2023 and 2027 to exceed USD 343 billion.

Fraud 56
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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. 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.

Retail 114
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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 […].

Groups 281
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Innovative Approaches To Retail, Digital Payments And Healthcare 

PYMNTS

The rise in online shopping amid the pandemic is making digital payment options essential to healthy cash flow. 87.6B: Projected value of the global payment gateway market by 2027. Smart routing is quickly gaining momentum as one of the tools at a merchant’s disposal. All this, Today in Data. 30: Number of underserved U.S.

Retail 136
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Shift4 Payments Rebrands 3dcart, Launches eCommerce Platform Shift4Shop

PYMNTS

Shift4Shop helps businesses create eCommerce websites to start selling their goods and services online. trillion by 2027, according to a June report. Shift4 Payments is relaunching 3dcart, which it acquired in November, as Shift4Shop , the payment processor announced Wednesday (Jan. 27) in a press release.

Payments 141
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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.

Training 140
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Walmart India Head Upbeat About eCommerce Prospects

PYMNTS

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. Around 40 percent of total consumption by 2027 from the current 27 percent will be from the middle class,” Iyer said.

Online 177