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UPI transactions to account for 90% of retail payments by 2026-2027

The Paypers

PwC India has released a report which highlights that UPI is projected to dominate retail digital payments in India, accounting for 90% of transactions until 2027.

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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. The firm expects eCommerce to grow from the current figure, $445 billion, as consumers continue to move away from traditional retailers.

Retail 114
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Innovative Approaches To Retail, Digital Payments And Healthcare 

PYMNTS

And shoppers want technology solutions like self-checkout in post-COVID-19 retail environments, while healthcare companies are teaming with pharmacies to provide patients with access to primary care clinics. 87.6B: Projected value of the global payment gateway market by 2027. All this, Today in Data. 30: Number of underserved U.S.

Retail 136
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Innovative Approaches To Retail And PCI Compliance

PYMNTS

6.8B: Estimated size of the global tokenization market by 2027. . $617: Approximate amount each American spends yearly on electronics and appliances. 246: Number of non-waivable regulatory requirements under PCI DSS.

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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. 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.”.

Retail 177
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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 […].

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Retailers Team With Providers For eCommerce Payments’ Tear

PYMNTS

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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