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Consumers and Merchants Should Look Before They Leap into BNPL Services

Retail TouchPoints

The economic fallout from the COVID-19 pandemic accelerated demand for buy now, pay later (BNPL) payment options. Research by The Ascent showed that among people who have used a BNPL service, 45% first did so in 2019, 21% first did so in 2020, and only 7% had used a BNPL service prior to 2015.

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Identifying the ‘Faces’ Behind Faceless Online Transactions

Retail TouchPoints

In 2019 , the total market share of online U.S. Because of this ease, merchants have begun relying on POS financing to drive sales growth. McKinsey has found that around 50% to 60% of loans originated at POS are either partially or entirely subsidized by the merchant. According to McKinsey, merchants face up to 2.4X

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Zilingo on the brink as loan recalled, financial advisor appointed

Inside Retail

Backed by investors including Sequoia Capital India and Singapore state investor Temasek, the seven-year-old Zilingo announced in April a probe into what it described as “matters”, and which sources have said refers to the company’s accounts. It provides logistics, financing and other services to factories and merchants.

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Consumers Turn to BNPL, BOPIS to Cope with Rising Prices and Supply Chain Uncertainty

Retail TouchPoints

The holidays always tend to put a strain on the piggy bank, but a study from personal finance company Credit Karma found that 43% of consumers are feeling more financially stressed this holiday season, and inflation is the leading cause. Even outside of the holiday season, uptake in buy now, pay later (BNPL) services is exploding in the U.S.,

Consumer 259
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Has retail seen its watershed moment?

365 Retail

In fact, recent figures showed that footfall in physical stores dropped by a whopping 50% in comparison to the same figures for 2019. If services involve remote assistance, e-tailers should evaluate the software they are putting into use. Payment Modes: Today, consumers use multiple payment modes for online shopping.

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5 Vital Considerations for Big Data Analytics in Retail

Retalon

Retail businesses collect more data than ever before, and from every aspect of the supply chain, including: Logistics data (vendor compliance, lead times, etc.). Predictive analytics systems go beyond traditional forecasting by letting you unify processes within your business. POS data (sales, returns, etc.). The result?

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Jason & Scot Show Episode 315 – 2023 Turkey5 Recap with Salesforces Rob Garf

Retail Geek

3:26] And of particular note, and I know we’ll talk about this more, they’ve seen a significant uptick in use of Buy Now, Pay Later services, and they’ve seen deeper discounting than we saw last year. billion consumers are shaping shopping trends.