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Is This The End Times For Brick-And-Mortar Retail?

PYMNTS

Among the latest dim figures about brick and mortar (or, if you prefer, the latest bright news for eCommerce operators)? A longer-term retail outlook, this one from investment firm UBS , said that an estimated 75,000 brick-and-mortar stores are likely to shut down by 2026. Online Rising. According to Coresight Research , U.S.

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Deep Dive: How Restaurant Operators Are Driving mPOS Evolution

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Next came the invention of takeout, then phone-in and online ordering — all of which required restaurants to adjust their focus to offer top-quality services for all customers. While some initially waited to see how mPOS offerings would affect the restaurant industry, operators now appear to be hustling to adopt these technologies.

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Amazon (And Others) Brace For India’s New eCommerce Tax

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firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. That is up from roughly $50 billion at present, with an estimated 175 million individuals shopping online in 2020.

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Healthcare Looks To 5G For Cost Control

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When paired with AI [artificial intelligence] on an online portal, 5G will provide patients with tools to discuss their cause of concern, access information about pre-existing conditions, and even receive treatment recommendations and prescription fills all online, without the need to come in for an appointment.”.

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Can Real Estate Provide A Lifeline for Physical Retail?

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have been hurt as shoppers make more purchases online, forcing retailers to think of ways to either downsize their footprints or repurpose their stores. Macy’s is certainly not the only retail operation with new ideas about how to deal with its real estate as physical retail keeps losing its luster and more consumers shop online.

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Connected Vehicle Security Takes A Spot In The Front Seat

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It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. According to one estimate, “about 50 million internet-connected cars operate on U.S. percent CAGR from 2019 to 2026. Even so, alarming reports keep surfacing.

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Is India’s ATM Disappearing Act A Digital Payments Boon?

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Chalk it up to “unviability of operations” in the wake of new regulatory guidelines, mandating upgrades that focus on the actual management of the physical cash at those machines. That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually.

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