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FedEx Makes Major Foray Into eCommerce By Buying ShopRunner

PYMNTS

In pursuit of our purpose of creating the future of retail, we have built the foundation of a cross-brand ecosystem to create a simple shopping experience for consumers and to aggregate the scale of our network for our partners’ benefit,” Yagan said in the news release. ShopRunner CEO Sam Yagan offered a similar take on the deal. “In

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AI Takes The Measure Of Fashion Retailing

PYMNTS

The fashion Industry is seen as one of the most competitive markets where something which is trending today may find itself in the corner the next day.”. That has led to the growing need for designers and retailers to personalize shopping experiences, and that’s the sweet spot for AI. percent clip from 2020 to 2026.

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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. In fact, according to research by eMarketer , the number of BNPL US users is forecasted to climb to 88.2 million this year and 94.4 million in 2024.

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Fifth Avenue Vacancies Reflect Uptick In Retail Closures

PYMNTS

As retailers shutter locations from the heartland to big cities, the latest update on the state of retail from New York’s storied Fifth Avenue says that rents are falling and vacancies are rising – showing that even a flagship address can’t escape the realities of modern-day commerce. We’re in the middle of a multi-year retail purge.

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Today In Data: Challenges And Advancements In Smart Technology

PYMNTS

In pet technology news, Pawscout is helping owners find their wayward pets with a Bluetooth-enabled tag as pet retail becomes a fierce battleground. percent: Expected compound annual growth rate (CAGR) of the global intelligence of things (IoT) security market from 2019 to 2026. All this, Today In Data.

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Today In Data: Digital Banking Cybersecurity

PYMNTS

billion: The projected size of the global banking cybersecurity market by 2026. In addition, Snap’s stock has dropped precipitously since its initial public offering (ICO), and gig workers might drive longer hours or make more deliveries if they received quicker payments. Data: $248.26

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Digital Payments Advance In India And Africa

PYMNTS

Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. That market will grow at a 30 percent compound annual growth rate (CAGR) until then. “An

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