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Regulation is Coming to POS Finance: Why Responsible Lending Will Benefit Retailers

Retail TouchPoints

As economic pressures and living costs surge, more people than ever are considering using point-of-service (POS) finance β€” such as buy now, pay later and installment loans β€” to manage their cashflow. It’s clear that there is a consumer-driven need for more flexible finance and smarter buying power. .

Finance 234
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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 β€” a market that is forecast to grow at an annualized 9.8% BNPL are essentially layaway plans in reverse.

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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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Buy Now, Pay Later: Does it Work for your Online Retail Business?

Retail TouchPoints

consumers have now used a buy now pay later (BNPL) service. . Businesses looking for ways to gain a competitive edge over their competitors have been pushing service advantages into new areas, including alternative payment models. Using BNPL, approved customers can defer payments at checkout β€” both online and in-store.

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The Explosive Growth of Buy Now Pay Later

Independent Retailer

β€œPoint of sale financing has historically been reserved for large purchases like luxury electronics, but now we are seeing an uptick in consumers using installment plans for smaller purchases across large and small retailers.” BNPL is the New Credit Card.

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Everything You Need To Know About Shopify POS Hardware: Cost, Where To Buy, & More

Merchant Marverk

Besides its global takeover, one of the things I admire most about Shopify POS is that it’s very upfront about disclosing every component of hardware that its point of sale system works with. For example, you can’t process offline sales with Android, and the POS hardware bundles Shopify sells are all made for iPads.

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2024 Industry Trend Guide

Storis

More than 50% of those surveyed plan or use Generative AI for designing digital ads, writing content, and personalizing marketing. How is your business currently leveraging or planning to leverage AI? Retailers are also offering services within their spaces. Take Amazon and Shopify. Statista projects 94.7