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Banks could save more than $70 billion using new tech by 2025

Bank Innovation

North American banks could save more than $70 billion through 2025 using technology to automate jobs or assist employees, according to estimates from Accenture Plc.

Study 284
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Google Eyes Investing In Indonesia’s eCommerce Hub Tokopedia

PYMNTS

The Indonesian eCommerce retailer backed by SoftBank Group Corp. ’s the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1 Bloomberg reported America’s largest internet corporations are eyeing Asia where the region is exploding with smartphones and tech-savvy residents.

Google 264
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Macy’s Recognizes $3.1B Charge As Pandemic Reshapes Outlook

PYMNTS

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. The department store retailer also recognized an $80 million long-lived asset impairment charge, according to a first-quarter financial results announcement. Macy’s Inc.

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InComm Partners With Welcia To Grow Barcode Payments

PYMNTS

“This partnership demonstrates our flexibility to work with Japanese and other international barcode payment providers while meeting an important consumer need in our region.”. The moves comes as the Japanese government has set a goal to increase cashless payments to 40 percent by 2025. “We

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Deep Dive: How Subscription Services Retain Customers By Hitting Pause

PYMNTS

Government-mandated social distancing and stay-at-home orders have slowed in-person retail sales in many regions and mass layoffs have hindered consumers’ purchasing power. Brick-and-mortar retail stores may be suffering from lack of business, but the subscription commerce industry’s revenue remains strong thus far.

Retail 257
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Amazon Sets Sights On Southeast Asia

PYMNTS

So where to next for the omnichannel retail giant? The move comes as part of a larger targeting of Southeast Asian markets, according to TechCrunch , starting with beginning selected regional services in Singapore in the first quarter of 2017. But Amazon isn’t waiting until 2025, or even 2020. Singapore, it turns out.

Regional 148
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Jumia Encounters New eCommerce Rivals In Africa Amid Pandemic

PYMNTS

The geographic region is behind the globe because of hurdles like inconsistent addresses and links to the web that are not strong. “I would rather grow the market than just try to take everything,” the executive said. Jumia is reportedly viewed as an innovator in eCommerce in sub-Saharan Africa.

Regional 253