Retail: Page 2
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Mobile wallet industry to reach $3.5 trillion by 2023, report finds
Western countries are behind in adopting the technology, but the pandemic accelerated the digital transformation of payments, according to a report from Finaria.
By Tatiana Walk-Morris • March 12, 2021 -
Courtesy of Verizon
Ride-hailing, payments startup Grab reportedly weighs SPAC with $40B valuation
The startup has established both a digital wallet as well as a rewards system and numberless credit card.
By Anthony Epling • March 12, 2021 -
Courtesy of Sonic Drive-In
New car tipping app arrives for Sonic carhops
The new tipping option, which Sonic customers requested, is being rolled out systemwide by the end of 2021.
By Alicia Kelso • March 11, 2021 -
Courtesy of Dosh
Why Cardlytics acquired fintech Dosh for $275M
With Dosh, Cardlytics gets access to a younger user base, a roster of fintech clients and a toolset to launch new cash back reward offerings in weeks instead of months.
By Suman Bhattacharyya • March 10, 2021 -
JPMorgan to pull Chase Pay from merchant apps, sites March 31
The bank announced in 2019 it would shut down the platform's stand-alone app. Merchant acceptance — about 1% in 2019 — has paled in comparison to competitor Apple Pay's 40%.
By Robert Freedman • March 10, 2021 -
"Aloha Stadium: USC @ Hawaii. Photo taken by Bobak Ha'Eri. September 3, 2005" by Bobak Ha'Eri / Wikimedia Commons is licensed under CC BY 3.0
Shift4's acquisition of VenueNext paves way for payments in sports, entertainment
"We're in a position ... to go and literally displace almost every one of the software players" in the sports and entertainment market, Shift4 CEO Jared Isaacman said during the Wolfe Research fintech conference.
By Lynne Marek • March 10, 2021 -
Kings of Leon releases new album as a 'non-fungible token'
NFTs, a part of a crypto uptick in the music industry, let musicians see royalties for album sales much faster than with traditional royalty payments, Yellowheart CEO Josh Katz said.
By Anthony Epling • March 09, 2021 -
PayPal to acquire digital asset firm Curv
The acquisition follows PayPal's recent expansion of its digital wallet capabilities, including enabling buying, selling and holding cryptocurrency.
By Andy Burt • March 09, 2021 -
Fotolia
Credit card debt cut by $83B in 2020, study finds
Consumer frugality dropped the country's overall credit card tab under $1 trillion, but spending picked up again in Q4 and Americans are likely to be back to their old habits soon, data firm WalletHub found.
By Lynne Marek • March 09, 2021 -
Mint, Shiba. (2020). "A physical 24 carat gold-plated copper depiction of 10 Dogecoins". Retrieved from Wikimedia Commons.
Dallas Mavericks to accept crypto Dogecoin to buy tickets, merchandise
Critics contend the move to accept "joke coins" is a mistake, and the cryptocurrency's instability may harm consumers.
By Anthony Epling • March 08, 2021 -
Deep DiveCan banks win in the booming buy-now-pay-later space?
While BNPL represents a relatively small niche of the payments ecosystem, banks should take note of what the growth of that silo says about the next generation of consumers, one consultant said.
By Anna Hrushka • March 08, 2021 -
Stimulus payments fuel surge in ACH transactions
Nacha, which governs the ACH network, recently announced its plans to increase the same day transfer limit from $100,000 to $1 million, effective March 18, 2022.
By Ted Jackson • UPDATED: April 6, 2021 at 11:44 a.m. -
59% of US shoppers see Amazon Go as a threat to Walmart, Kroger, study finds
Stores similar to Amazon's cashierless convenience locations appeal to more than half of U.S. consumers, according to a Piplsay survey.
By Catherine Douglas Moran • March 03, 2021 -
Courtesy of Klarna
Payments startup Klarna raises $1B in funding, hits $31B valuation
The funding makes it the highest-valued private fintech in Europe and the second-highest globally, according to the company.
By Tatiana Walk-Morris • March 02, 2021 -
Auto retailer HGreg to accept cryptocurrency for purchases
The company is one of the first auto groups to accept this form of payment, joining a growing host of companies willing to demonstrate their confidence in crypto.
By Anthony Epling • March 02, 2021 -
:Weatherman1126. (2007). "Logo of The Goldman Sachs Group, Inc." [Image]. Retrieved from Wikipedia Commons.
Walmart's fintech startup poaches 2 Goldman executives
The retailer looks to use its scale in the retail space "to deliver tech-driven financial experiences tailored to Walmart's customers and associates."
By Dan Ennis • March 01, 2021 -
Dollar Photo
Pandemic fueled 32.4% e-commerce surge in 2020
The biggest jump in online sales occurred shortly after states issued stay-at-home orders. E-commerce sales jumped 44.4% in the second quarter compared to the same quarter in 2019, Census data shows.
By Robert Freedman • March 01, 2021 -
Getty Images
Amazon acquires small digital commerce platform to challenge Shopify
Australian startup Selz is a bit player, but the takeover signals the e-commerce behemoth's intentions to reenter a space it abandoned years ago.
By Daphne Howland • Feb. 17, 2021 -
Permission granted by Food Lion
Food Lion starts accepting online orders from SNAP customers in NC
The grocer also plans to expand to eight more states in the coming weeks, including Delaware, Georgia, Kentucky, Maryland, South Carolina, Tennessee, Virginia and West Virginia.
By Sam Silverstein • UPDATED: Feb. 16, 2021 at 11:53 a.m. -
Courtesy of Shopify
Shopify adds Shop Pay to Facebook, Instagram
It's the first expansion of the service outside of Shopify's own platform, and seeks to offer a smoother buying process.
By Tatiana Walk-Morris • Feb. 10, 2021 -
Courtesy of Sifter
Peapod founders re-enter grocery e-commerce with custom shopping tool
Brothers Andrew and Thomas Parkinson's new service, Sifter.shop, lets customers filter groceries based on health-related criteria and then transmit their orders to selected grocers.
By Sam Silverstein • Feb. 10, 2021 -
Courtesy of Kroger
Q&A: What retailers and shoppers want from their grocery apps
Atomic Robot CEO Alex Robinson, who was a founding member of Kroger's mobile development team, and UX/UI designer Leah Blandford talk app usage during the pandemic and what lies ahead for retailers.
By Jeff Wells • Feb. 09, 2021 -
Courtesy of Sam's Club
Sam's Club teams up with Synchrony, Mastercard for rewards program
The club retailer, like others in the retail space, is also simplifying the application process as consumers continue to struggle financially.
By Tatiana Walk-Morris • Feb. 08, 2021 -
Gijs Bolmeijer
Walmart to add Western Union services to stores
The deal signals the retailer's growing interest in the financial services space.
By Tatiana Walk-Morris • Jan. 21, 2021 -
Courtesy of Mastercard
Mastercard pilot turns smartphones into a point-of-sale device
Expansion into the contactless tech space has accelerated due to the pandemic and is expected to continue.
By Kaarin Vembar • Jan. 14, 2021
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