Retail TouchPoints

OCTOBER 21, 2022

That inherent distaste for the transaction phase is one reason payment companies are so eager to expand into other parts of the shopper journey. Embedded finance has become big business: McKinsey estimated that the sector reached $20 billion in revenue in the U.S. Denise Leonhard, VP and GM, Venmo.

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Retail TouchPoints

SEPTEMBER 9, 2024

Same goes for the services Alibaba is building to stay competitive: financing solutions, fulfillment services, AI tools to make the process of using the platform easier, localized warehousing to speed up delivery. We want to make global sourcing as simple as shopping online. Sounds familiar, right?

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Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall also had missed the previous payment deadline for the same reason in August 2022. The American Dream mall and entertainment complex failed to make a Feb. 1, 2023 $8.8 The notice from U.S.

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Retail TouchPoints

MARCH 31, 2023

And it’s increasingly clear that brands that embrace financial services within the customer journey are scoring highly on engagement scores. What’s more, the number of payment providers on the market has dramatically multiplied over the years, creating a vast and often confusing ecosystem. It’s reckoned that nearly 4.5

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365 Retail

JUNE 6, 2025

By 2025, the differences between traditional retail and digital payments will be almost gone. Lithuania provides a clear legal framework for virtual asset service providers (VASPs) and is renowned for its innovative regulatory environment. Under the direction of the Bank of Lithuania, its licensing procedure is efficient but reliable.

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Retail TouchPoints

APRIL 25, 2023

Klarna is introducing a portfolio of social media-esque capabilities on its platform, including a personalized shopping feed and smart shopping features. The payments provider also is adding new tools designed to help retailers and content creators engage with their audiences in more effective ways.

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Retail TouchPoints

MAY 16, 2024

Providing healthcare services — such as Botox, hair removal, skin contouring and even facelifts — in a sleek spa environment means many who first come in for a one-time facial or massage ultimately may opt for more expensive healthcare services. Bespoke statement designs and calls to action also promote faster payments.

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Retail TouchPoints

JULY 5, 2024

In today’s digital-first marketplace, consumer expectations for flawless shopping experiences, whether in-store or online, have reached unprecedented heights and are putting pressure on retailers to provide an “always on” business model. Months earlier, it was reported that thousands of Walmart stores in the U.S.

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Inside Retail

MARCH 12, 2025

Economic and demographic drivers The General Statistics Office of Vietnam estimated retail sales of goods and consumer services grew by 9.3 The countrys median age is 32, and its population of nearly 100 million is increasingly adopting modern shopping habits, fueling demand for retail expansion. per cent year-on-year in Q4 last year.

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Retail TouchPoints

JULY 8, 2022

For shoppers, BNPL is a seamless payment method that helps break up their purchases into several installments, bringing more cash flow and budgeting flexibility. Customers that have a positive point-of-sale financing experience are more likely to repeat purchases from that retail brand if the BNPL option is white-labeled for the retailer.

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Retail TouchPoints

SEPTEMBER 6, 2022

Your grandma shops online. A new generation of shoppers, Gen Z, are bending online shopping to their will. At the same time, just to complicate things further for retailers, Gen Z actually likes to shop in physical retail stores, according to the study. Three suggestions: Adapt to where and how Gen Z wants to shop.

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Retail TouchPoints

OCTOBER 11, 2023

Gem Shopping Network (GSN ) has carved a unique space in the shoppable media market: Its primary business is still conducted via linear television, akin to the Home Shopping Network and QVC, but it also is growing significantly through connected TV (CTV) and streaming platforms like Apple TV, Roku and YouTube.

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Retail TouchPoints

MAY 2, 2023

A car is one of the biggest purchases most consumers make, but the process of buying one, especially used, has long been one of consumers’ most dreaded retail experiences. From the moment it debuted in 1993, CarMax set out to change that with a focus on honest sales interactions and simplified processes.

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Retail TouchPoints

DECEMBER 28, 2021

Think food services, retail and personal and laundry services, for instance. This included adding ecommerce platforms, touchless payments and contactless delivery such as curbside or buy online, pick up in-store (BOPIS). Reasons cited were that the country’s 1.1 Although disparities continue, certain movements help.

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Inside Retail

APRIL 10, 2024

But while labour and marketing budgets are typically the first to be put on the chopping block, retailers may be overlooking opportunities to reduce costs in the back end by automating everyday finance functions, such as accounts payable and accounts receivable. “I

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Retail TouchPoints

AUGUST 3, 2022

Buy now, pay later is short-term financing that allows people to buy everyday items like home goods, electronics and clothes in low to no interest monthly installments — and receive the goods immediately. And there are a lot of consumers that use it: 56% of Americans have used a BNPL service, up almost 50% in just one year.

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Retail TouchPoints

AUGUST 2, 2021

Payment industry experts see the acquisition as a win for both companies as well as a sign of the growing ubiquity of BNPL. BNPL has become as expected online as any other payment method, and Square’s ability to bring this into the store and capture some of that margin is likely to add to their own bottom line,” Watson added.

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Inside Retail

JULY 2, 2024

The decision follows the success of a pop-up shop that Revolve and its sister site FWRD opened in the same location last December. Here, Li speaks to how Revolove’s global growth is driven by localisation strategies that deliver the best service to its customers within each region. Kai Li: That’s a really good question.

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365 Retail

JUNE 6, 2025

Walk into any shop, café, or petrol station in the UK today, and you’re bound to see someone tapping their card or phone to pay. Research from UK Finance shows that people over 65 are using contactless payments more than ever, with 83% of this group making at least one tap-and-go purchase every month. Last year, 94.6%

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Retail TouchPoints

DECEMBER 13, 2021

Millennials and Gen Z shoppers are driving this ecommerce trend forward as a result of tight budgets, low credit and a COVID-fueled increase in online shopping. BNPL is a financing option that makes sense from a consumer perspective. The service allows shoppers to buy higher-ticket items without committing to the full price upfront.

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Inside Retail

MAY 17, 2022

The industry’s latest move: accepting cryptocurrency as a form of payment. In countries where crypto is more regulated, retailers have opted to join forces with licensed payment platforms that are registered with local finance institutions to process transactions. Beyond payment.

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Inside Retail

JULY 13, 2021

PayPal Holdings Inc’s new “buy now, pay later” offering in Australia will not charge late payment fees, the U.S. payments giant said on Wednesday, as it attempts to edge past main industry rival Afterpay in the country. It, however, lets the merchants set their own minimum spend value.

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Retail TouchPoints

JUNE 7, 2023

As the oldest members of Gen Z move into their mid-20s and the youngest enter their teen years, personal finance concerns are high on their list of worries. Gen Z also cites convenience as a key reason for shopping online: 30% like the ability ecommerce gives them to compare prices and shop from anywhere and at any time.

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Retail TouchPoints

NOVEMBER 4, 2020

Consumer preference for online shopping continues to rise, as more purchases are being made online than in stores with each passing year. Because of this ease, merchants have begun relying on POS financing to drive sales growth. According to McKinsey, 53% of shoppers abandon their cart after just one payment decline.

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365 Retail

MAY 17, 2022

Axerve, Payment Partner to Grow, specialising in creating accessible and frictionless payment solutions for Ecommerce and physical sales, today announces the release of a new white paper, ‘ New technologies and trends in digital payments in 2022 ’. Payment orchestration is a key tool for managing this increased complexity.

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Retail Wire

JUNE 3, 2025

Costco offers a variety of popular ancillary services for its members, including a gas station with competitive prices. Now, however, the warehouse club is looking to make these services even more enticing. Retail finance expert Joe Camberato told the outlet, Costcos move isnt just about fuel. and Block Inc.,

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Retail TouchPoints

APRIL 6, 2023

The newest generation of artificial intelligence (AI) would seem to be tailor-made for the behind-the-scenes operational complexity of today’s retail organization — and in many ways it is. The publication also has reported on the role of AI in Walmart initiatives to enhance search , add Text-to-Shop functionality and improve its supply chain.

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Retail TouchPoints

NOVEMBER 14, 2022

billion in construction financing loans, according to NJBIZ. American Dream missed a payment of $8.8 1, 2022, and the balance in the reserve account previously used to make payments on the loans is $862.12. The group, led by JPMorgan Chase, has set a new maturity date of October 2026. million on Aug.

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Retail TouchPoints

JUNE 20, 2025

These include the addition of flexible payment options such as buy now, pay later (BNPL) as well as dynamic pricing tools that can adjust for macro trends, competitors’ pricing and consumer behavior shifts. Just over half ( 51% ) of consumer respondents say loyalty programs or point systems are the most engaging gamified shopping experiences.

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Retail Focus

SEPTEMBER 5, 2024

While artificial intelligence, or AI if you prefer, is not an entirely new concept to retailers, the way it is being used and rolled out in shops and stores, as well as online, is changing at a rapid pace. Computer vision will play a crucial role in creating an ideal shopping environment and enhancing customer satisfaction,” she said.

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Retail TouchPoints

FEBRUARY 1, 2023

Over the years the retailer has carved a unique space in the Hispanic market thanks to its unique approach to financing, in-store services and merchandising. Store associates are provided with the knowledge and autonomy to work with shoppers and offer financing solutions regardless of their credit history. population.

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Retail TouchPoints

MAY 9, 2023

Recent AI advancements have the power to reshape the way the industry operates. Retailers embracing Generative AI can stay ahead of the curve and compete in this ever-changing competitive landscape — enabling them to lead with a customer-first approach while operating with more efficiency. Providing 24/7 customer service.

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Retail TouchPoints

APRIL 27, 2021

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% Consumers are using BNPL to stretch purchase payments between paychecks.

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Retail TouchPoints

NOVEMBER 28, 2023

billion — both a 9.6% year-over-year increase and the biggest online shopping day of all time , according to Adobe Analytics. million consumers shopped over the five-day weekend, surpassing last year’s record of 196.7 Black Friday also was the extended weekend’s most popular day for online shopping, with roughly 90.6

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Retail TouchPoints

OCTOBER 15, 2020

Even before the pandemic completely upended the world economy, how consumers shopped had been changing — and mobile devices were at the forefront of that change. Mobile devices have become powerful payment instruments, on the way to replacing traditional cards for in-store purchases in many markets around the globe.

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Retail TouchPoints

DECEMBER 20, 2023

Indeed, until recently most BNPL offerings were relegated to the digital realm, but stores are widely seen as the next big area of expansion for this increasingly popular financing option. Customers also can access Affirm BNPL financing at Walmart Vision and Auto Centers. year over year.

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Retail TouchPoints

MARCH 8, 2023

This means the way consumers shop has drastically changed as new financing options rise in popularity. In fact, research shows that BNPL payments surged by 85% during the week between Black Friday and Cyber Monday last year. Consumers care about whether the places they shop at are charitable.

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