PYMNTS

APRIL 26, 2020

A new shopping portal by Reliance Retail initiated testing just days after it was announced that Facebook would invest $5.7 KPMG said India’s appetite for eCommerce is set to grow by $200 billion from now until 2027. million in digital assets into JioMart , a subsidiary of Reliance.

Regional 215

Regional Retail Management Marketing 215

Payments Source

OCTOBER 29, 2019

The two companies agreed to continue to collaborate on a prepaid card program until 2027. The deal holds particular importance for Green Dot, which relies heavily on revenue generated at the discount retail giant.

Cards 63

Cards Retail Company Fintech 63

Bobsguide

JULY 6, 2017

It’s pretty clear that the arrival of PSD2 and Instant Payments will significantly disrupt retail payments, and the media has been awash with the “what ifs” However, the debate has lacked any concrete data. We’re at something of an inflection point in the payments landscape.

Data 99

Data Retail Payments 99

BankInovation

MAY 15, 2023

Digital account opening and transaction volumes are expected to reach $15 trillion by 2027, according to data from Statista, and Mastercard’s solution allows banks and fintechs to monitor digital fraud using account and […]

Security 52

Security Fraud Fintech Data 52

PYMNTS

SEPTEMBER 9, 2020

Regardless of what happens with the sale of TikTok, social commerce could become a retail factor to reckon with in Q4, and is definitely ready for its close-up in 2021. billion by 2027, growing at a CAGR of 31.4 In fact a new report puts the global market for social commerce at $89.4 billion this year and says it will reach $604.5

Marketing 209

Marketing Report social media Course 209

PYMNTS

JANUARY 24, 2020

The country is “one of the most heavily cash-dependent economies in the world” and the government now intends to move consumers away from a traditional reliance on cash and double the cashless payments transactional rates to 40 percent by the year 2027.

Training 140

Training Payments Marketing Retail 140

PYMNTS

FEBRUARY 7, 2020

Google Maps is getting a makeover and retailers will be a beneficiary as it enables more location sharing, data access and social media integration. billion by 2027. It can detect patterns and opportunities for retailers on a very basic level (where are my customers coming from?).

Google 133

Google Analytics Retail social media 133

PYMNTS

JULY 18, 2017

As more chatbots enter the enterprise arena, as well as the retail industry, for customer service needs, this concept has morphed from fantasy into reality. Earlier this year at the National Retail Federation’s Big Show, the hot topic of debate was how chatbots can be beneficial to consumers if implemented in the correct way.

Retail 121

Retail Marketing Study Survey 121

PYMNTS

FEBRUARY 5, 2019

According to a report in Money Control citing Iyer, the executive expects the online retailing market to see growth of six times to reach 12 percent during the next decade. Around 40 percent of total consumption by 2027 from the current 27 percent will be from the middle class,” Iyer said.

Online 177

Online Marketing Strategy Retail 177

PYMNTS

NOVEMBER 14, 2018

trillion: Estimated value of the global digital payments market by 2027. The world, it seems, isn’t going digital, it’s already mostly gone digital – leaving consumers and businesses to catch up. 100 million: The expected installed base for smart speakers by the end of 2018 – 2.5 times the installed base at the same time in 2017.

Data 151

Data Apple Lending National 151

PYMNTS

JULY 8, 2020

trillion by 2027, according to a recent report by Grand View Research. The firm concluded that North America will be a leading market for QR code-based transactions, with particular growth in transportation and retail. And as we recently noted , the overall contactless payment market is expected to hit $4.68

Apple 293

Apple Mobile America Marketing 293

PYMNTS

MAY 20, 2019

Kiosks are increasingly becoming part of the retail landscape. As reported in the latest Unattended Retail Tracker , done in partnership between PYMNTS and WorldNet Payments, unattended retail is gaining traction worldwide, on the heels of growth in consumer demand and as employers look to increase their operating profits.

San Francisco 170

San Francisco Retail Philadelphia Cards 170

Celent Banking

MAY 22, 2015

NACHA’s own estimates predict that by 2027 (I don’t make predictions that far into the future) a whopping 1.4 That’s 6% of 2014 ACH network volume – presumably a much smaller percentage of 2027 volume. billion same-day payments. NACHA estimates industrywide implementation costs of $118 million initially and $49 million annually.

System 100

System Payments Industry Mobile 100

PYMNTS

JANUARY 8, 2021

Another study predicted that the P2P lending market will reach nearly $559 billion by 2027 due to this expanded interest. One report found that 84 percent of consumers would express a higher opinion of retail brands if the brands offered virtual rebates , for example — as opposed to offering them these disbursements via cash.

Lending 163

Lending Examples Tools Meeting 163

PYMNTS

JULY 16, 2020

This risk is even greater now that the pandemic has upended normal shopping behaviors, driving an increasing number of consumers online to shop and pay, with retailers having experienced a 14.8 percent by 2027, when it will reach a total valuation of $87.6 percent year-over-year growth in digital commerce in the first quarter of 2020.

Mobile 181

Mobile Payments System Bitcoin 181

PYMNTS

FEBRUARY 3, 2020

And while some imagined there’d be banks on Mars by 2020, few guessed that dull ATMs would one day reinvent retail banking. billion at the end of 2018 and is forecast to see a compound annual growth rate (CAGR) of nearly 11 percent through 2027, when the sector is expected to have doubled in size to approximately $44 billion in spend.

ATM 165

ATM Digital Banking Innovation Video 165

PYMNTS

JULY 3, 2019

Among the more interesting storylines of this era of digital commerce and payments is the maturation of vending machines — sorry, “unattended retail.” Retailers are paying more attention to vending machines, a trend that is all but certain to continue into the 2020s. Vending Machine Trends.

Retail 122

Retail eBook Philadelphia Austin 122

CFPB Monitor

DECEMBER 10, 2020

Now, following the Seventh Circuit’s remand, the Department of Justice’s Civil Division has announced a $210 million settlement with DISH for over sixty-six million telemarketing calls made by DISH and retailers that marketed DISH’s products and services in violation of the TSR, the TCPA, and other statutes.

North Carolina 78

North Carolina Compliance Illinois Ohio 78

PYMNTS

NOVEMBER 6, 2019

Recently, the company introduced a blood glucose monitor that will be sold in some of the company’s retail stores. Reports said the high-end of Morgan Stanley analysts peg potential sales as high as $313 billion by 2027. This is just the latest healthcare move from Apple.

Data 100

Data Apple San Francisco Analytics 100

PYMNTS

MAY 30, 2018

It is expected to reach $70 billion in GMV and $11 billion in net sales by 2027. That prize went to Walmart with a $15 billion bid on the firm, giving the retailer a majority stake in the firm, roughly 75 percent of the entire Flipkart group. Amazon has been carefully plotting its growth in India.

Guidelines 100

Guidelines Comparison Groups Company 100

PYMNTS

JUNE 18, 2020

billion in annual spending on PPE projected by 2027. Manufacturers are also repurposing their industrial equipment, reviving decommissioned factories and converting their existing layouts and workflows to create new items,” the report says. Numbers are fairly staggering even as COVID-19 infections slowly recede, with $98.3

Payments 132

Payments Report Company Meeting 132

PYMNTS

MARCH 27, 2019

The government is now aiming to double the rate of cashless payments by 2027 to 40 percent. Through the plan, users of phones would be able to start a claim on the website of DISA for a maximum of the phone’s retail cost. The report noted, however, that Japan is “one of the most heavily cash-dependent economies in the world.”

Payments 108

Payments Mobile Google Apple 108

PYMNTS

AUGUST 9, 2019

By some estimates, its total global value will be pushing $187 billion by the year 2027, up from the approximately $123 billion it was worth in 2018. percent CAGR is considered one of the more conservative estimates — more aggressive forecasts put that figure north of $200 million by 2027 to 2028. And that 4.37

Branding 123

Branding Groups Innovation Maine 123

PYMNTS

MAY 15, 2017

The power that chatbots wield in the retail arena is significant. In a conversation we had with Mindtree’s digital transformation specialist, Craig Besnoy, he highlighted the various ways in which chatbots are changing the game for retailers. Although it highlights 14.9 million new jobs will be created, it also shares that 24.7

Analytics 170

Analytics Industry Retail Mobile 170

PYMNTS

JUNE 23, 2020

trillion by 2027, and more than half of all eCommerce shoppers buy from merchants abroad. These risks are even higher for businesses in recreation, entertainment and retail sectors, where margins are already razor-thin and even slight decreases in revenue can make big differences in profitability.

Payments 162

Payments America Tools Analytics 162

PYMNTS

JULY 1, 2019

percent of non-cash transactions in the country used e-money, and that number is expected to increase to 24 percent by 2027. Digital payments in Indonesia are becoming more popular by the day, with more than 90 percent of the 264 million people in the country owning cell phones.

ATM 117

ATM Regional Payments System 117

PYMNTS

SEPTEMBER 24, 2019

But by 2027, Research Nester estimates that number will have swollen to $34.4 The demand for the device has been reasonably healthy, however, and Amazon’s spokesperson confirmed that any customer who requests an invitation for Alexa Auto will receive one. The global smart speaker market was worth around $4.3

Course 100

Course Marketing System Operations 100

PYMNTS

AUGUST 23, 2019

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.

Branding 109

Branding Video Tools Retail 109

PYMNTS

AUGUST 15, 2019

Included in Japan’s cashless by 2027 plan is doubling the ratio of card and e-money transactions from there within the next eight years in the eventual hopes of building what Prime Minister Shinzo Abe has called a “$1tn-plus cashless market.”. .” That is up from about 50,000 merchants in spring of 2018.

Mobile 154

Mobile Payments National Marketing 154

CB Insights

JUNE 7, 2021

In the US, the share of e-commerce relative to total retail sales hit 14% in Q4’20, up from 11.3% For example, Klarna partnered with Marqeta to safely pay online retailers on behalf of its riskier buy now, pay later (BNPL) customers. The partnership expires in 2027 and renews in 2-year terms. Source: Statista .

Cards 73

Cards Innovation Payments Fintech 73

PYMNTS

JUNE 24, 2020

trillion by 2027, according to a recent report by Grand View Research. North America will be a leading market for QR code-based transactions, the analysts concluded, with particular growth in transportation and retail. The overall contactless payment market is expected to hit $4.68

Pennsylvania 130

Pennsylvania United States Payments America 130

PYMNTS

NOVEMBER 11, 2020

billion by 2027. . Retail giant Walmart is looking to cash in on social commerce and has a tentative deal on the table for a 7.5 Social commerce topped $89 billion January to September, making social media the new advertising darling and ByteDance a threat to longer-established platforms like Facebook and Instagram. operations.

Los Angeles 159

Los Angeles Video social media National 159