Remove Boston Remove Examples Remove National Remove Retail
article thumbnail

Retail Personalization May Not Come Soon

PYMNTS

Retailers are scrambling to figure out the best ways to provide a more tailored and engaging experience. The study, which surveyed 500 retailers in North America and Canada, was conducted in November and December 2016. Welcome to the age of instant gratification.

Retail 109
article thumbnail

The Lures – And Challenges – Of Central Bank Digital Currencies

PYMNTS

On the global stage, too, digital currencies should be fungible with one another – a dollar, for example, is worth 0.9 The BIS report issued this week that focuses on “foundational principles” defines a CBDC as “a digital payment instrument, denominated in the national unit of account, that is a direct liability of the central bank.”.

National 175
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Spending Rush During China’s Golden Week Signals Economic Uptick

PYMNTS

The province of Hainan, for example, has shown a 150 percent increase in sales —1.04 The average daily sales for retail, food and beverages was 4.9 Boston Consulting Group in September has estimated that the demand for luxury goods could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds.

Boston 130
article thumbnail

Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. Separately, of course, the People’s Bank of China (PBOC) has said that a test of a CBDC rests with small retail transactions — not large-volume transactions.

Policies 181
article thumbnail

Entrepreneurial Upscale Chefs Are Plating Recovery Plans

PYMNTS

Quick-service restaurants (QSRs), fast casual eateries and fast-food drive-thrus keep dominating headlines throughout the pandemic as a nation is understandably obsessed with staying fed on lockdown and after, when breathing the open air still feels oddly risky.

Boston 205
article thumbnail

Amazon Sidewalk Eyes IoT Beyond The Connected Home

PYMNTS

For example, integrating Sidewalk into parking meters would bring low-cost network access for the city, but it will also provide more mesh nodes to strengthen network coverage and capacity.”. But he noted that Sidewalk would “struggle to match 5G’s national coverage.” It could certainly benefit from adoption within smart-city projects.

Boston 210
article thumbnail

Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Square, for example, said in its latest earnings report that revenue from bitcoin trading came to $1.6 Building The (Retail) Use Cases. The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.