article thumbnail

Exclusive Q&A: Venmo GM on the Company’s ‘Natural Extensions’ into Business Payments

Retail TouchPoints

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.

Payments 319
article thumbnail

Don’t be Fooled, Meta isn’t Abandoning Social Commerce — and Here’s Why

Retail TouchPoints

For its part, Meta closed out 2022 with its first-ever year-over-year decline in ad revenue, and together Meta and Google (“The Duopoly” as they’re known in the ad industry) made up less than 50% of all digital ad spend last year, something that hasn’t happened since 2014. YouTube also reported an ad revenue miss in Q4 2022, with its $7.96

Payments 226
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Havas Study Highlights 5 Key Social Commerce Preferences of Gen Z and Millennials

Retail TouchPoints

It’s no secret that social commerce — that is, retail interactions that begin (and sometimes also end) on social media platforms — is big business. New research from Havas Media Network , in partnership with Snap, Inc. The partners surveyed 28,500 of this desirable consumer set from across the U.S.,

article thumbnail

Gift Card Association Promotes PSA Warning Consumers About Fraud Dangers

Retail TouchPoints

At the beginning of the 2021 holiday shopping season, gift-card purchases experienced a surge in demand. consumers, surveyed in December 2021, revealed that 73% purchased either the same number of gift cards or more that year compared to 2020. The Fiserv 19 th Annual U.S. Prepaid Consumer Insights Study of 1,000 U.S. Postal Service.

Gifts 250
article thumbnail

Best Payment Gateway for WooCommerce (Jan 2021): Which Ones Are Superior?

Ecommerce Platforms

If you decide that WooCommerce is your best bet (for its excellent functionality and superior content creation tools,) you'll want to look for the best payment gateway for WooCommerce. It's no easy task, considering there are hundreds, if not thousands, of payment gateways to choose from. Best Payment Gateways for WooCommerce.

article thumbnail

Mobile eCommerce Trends & Strategies for 2021

Groove

We love that BigCommerce natively includes these payment options with its eCommerce platform and highly recommend exploring its potential for your business. Connect Social Marketing with Social Selling. Shopify found that 55% of customers have bought something online after discovering it on social media.

article thumbnail

Generation Z: Between the Worlds of Digital and Analog

Retail TouchPoints

Constant interaction with friends on Instagram and TikTok is part of Generation Z’s lives, so there is no question that these social media channels influence what digital natives put in their shopping carts. Payments play a key role. Then the desired payment method can be selected. Are you Listening? In the U.S.,

Payments 269