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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. Surges in online shopping during the pandemic helped fuel the growth of point-of-sale loans — a market that is forecast to grow at an annualized 9.8% over the five years through 2024-25, to $1.1

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How digital payments can help businesses lead in customer experience

Inside Retail

The acceptance of cash has started to trend upwards again, but payment technology is helping businesses to deliver consistently better experiences, so what does the future hold? And how can businesses be ready for evolving payment technologies? Consumers, too, preferred to use contactless payments or to shop online.

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Study Forecasts Accelerated Adoption of Digital Wallets and Buy Now, Pay Later

Retail TouchPoints

The pandemic accelerated not just ecommerce but also digital payment methods: digital wallets reached 29.3% The wallets are expected to unseat credit cards as the preferred online payment method in the coming years, according to the FIS Global Payments Report 2021. share of ecommerce payments. of ecommerce spend.

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Three Requirements For Successful Retailers Post-Pandemic

Retail TouchPoints

And Nike maintained top-of-mind focus amidst lockdown in China by promoting its workout app, resulting in an 80% increase in use and a 30% increase in online sales. As we move forward, these capabilities are critical for all retailers: Accept Contactless Payments. And contactless is not limited to the point of sale.

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Identifying the ‘Faces’ Behind Faceless Online Transactions

Retail TouchPoints

In 2019 , the total market share of online U.S. retail sales surpassed general merchandise sales for the first time in history. According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic.

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Jason & Scot Show Episode 290 – Shoptalk 2022

Retail Geek

ShopTalk held it’s first in-person show since 2019, May 27-30th in Las Vegas. If it’s off from from 2019 it’s only slightly like maybe they had 12,000 attendees in 2019 so, 10 felt like a big show they had a 650 exhibitors. The show made the move from the Venetian to the Mandalay Bay.

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Jason & Scot Show Episode 271 – Amazon Q2 2021 Recap

Retail Geek

6:00] Um Extended the the new visual merchandising approach to to the Staffing and store operations yet so maybe a work in progress. They all have mobile point-of-sale all the sales associates have mobile point-of-sale systems but like. It just it doesn’t seem like they’ve. [6:00]