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How Mobile Payments Are Taking Over eCommerce

Groove

The new way of purchasing goods and services is through Mobile Payments whether you are shopping online or in-store. As millions of users start to use mobile payments each year, it is projected that 4.8 billion people will be completing transactions through mobile payments by 2025.

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7 Banks Team Up to Create Digital Wallet, Challenging PayPal and Apple Pay

Retail TouchPoints

The digital wallet will be managed by Early Warning Services (EWS) , the company that operates Zelle, but will operate separately from Zelle. The other four owners in the EWS/Zelle venture include Capital One Financial , PNC Financial Services Group , U.S. By 2025, digital wallets are expected to account for 52.5%

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9 Crucial Headless Commerce Trends to Watch In 2023

GetElastic

In 2023, headless commerce is expected to become a mainstay of eCommerce operations, with more brands than ever adopting it to streamline their operations and boost sales. This approach also enables businesses to provide a more seamless and consistent experience across multiple channels, from desktop to mobile to social media.

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Amazon to Sell Hyundai Cars Online in 2024; Automaker Selects AWS as Cloud Provider

Retail TouchPoints

Additionally, Hyundai has selected AWS as its cloud provider, paving the way for the inclusion of advanced voice-activated Alexa functionalities in next-generation Hyundai vehicles in 2025. The automaker’s multiyear agreement to use AWS as its preferred cloud provider will allow it to migrate current on-premises applications to the cloud.

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WiFi Networking Lessons Retail CIOs can Learn from the NFL

Retail TouchPoints

Selfies, social check-ins, livestreams, mobile ticketing and cashless transactions all rely on a network that is sophisticated enough to handle huge spikes in data and heavy demands on the network. For example, many NFL teams are experimenting with changing the nature of the payments experience. AI: Retail’s New Star Player?

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Afterpay NYC Event Mixes IRL Product Drops and Immersive AR Experiences

Retail TouchPoints

From within, customers can activate the Snapchat AR try-on-experiences and tap to buy directly from their mobile phone. ” Consumer adoption of BNPL services has skyrocketed in the last year: In July 2020, 38% of U.S. adults had used a BNPL service, and by March 2021 that number increased to 56% , according to The Motley Fool.

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The Social Commerce Trust Problem: What Retailers Should Know

Kibo

trillion by 2025), consumer adoption of social commerce faces a big problem—trust. Users who see a “Buy” button below a Pin can complete the checkout process from within Pinterest. In fact, 43% of respondents in the CouponFollow survey indicated they don’t trust social platforms to handle payment.