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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.”.
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The government is now aiming to double the rate of cashless payments by 2027 to 40 percent. Lynxbus management said the move was made as many riders were not carrying cash: Lynx Commercial Manager Graham Smith said, according to the report, “People are regularly getting on the bus assuming we take card payments without any cash on them.
percent of non-cash transactions in the country used e-money, and that number is expected to increase to 24 percent by 2027. Finarya, the company that manages LinkAja, said its services are available at 150,000 merchants across Indonesia.
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Walmart’s move on skincare could have been forecast simply by looking at skincare’s $123 billion in global revenue in 2018, or the $175-$200 billion it is forecast to generate annually by 2027. Walmart, it seems, is hoping to ride that wave of rising retail enthusiasm, with this week’s announcement of its new Earth to Skin product line.
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