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Stripe Secures $600M in New Funding, Boosts Value to $95B

Retail TouchPoints

Online payment processing company Stripe has raised $600 million in Series H funding, nearly tripling its valuation in under a year to $95 billion , according to data from Pitchbook. We’re investing in the infrastructure that will power internet commerce in 2030 and beyond,” said Dhivya Suryadevara, CFO of Stripe in a statement.

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IoT in Retail: Top 5 Use Cases and Real-Life Examples

Retail TouchPoints

According to Grand View Research , the global IoT retail market was valued at $42.38 from 2023 to 2030. The statistics show that more and more retail businesses are implementing IoT solutions to explore new ways of connecting with customers, boost sales and streamline business operations. Inventory management.

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Buy Now, Pay Later: Risks and Rewards

Retail TouchPoints

Also known as a point-of-sale loan, BNPL splits a purchase into multiple equal payments, with the first payment usually due at checkout and subsequent payments billed to a credit or debit card. 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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4 Ways Retailers Can Add Crypto Successfully

Retail TouchPoints

It’s a fast-growing market, with estimates stating it will reach $3.55 billion by 2030, a number that’s likely conservative as well-known retailers expand their footprint into this space. Cryptocurrency ATM operators at first followed many of the same strategies as traditional ATM machine providers.

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eCommerce and Cryptocurrency: Helping SMBs Navigate a Changing Payment Landscape

Korona

In fact, the crypto market is projected to grow at a compound annual growth rate (CAGR) of 12.8% between 2021 and 2030. Major brands such as Home Depot and Microsoft have begun accepting crypto as part of their eCommerce payment options. Also, processors like Paypal now have crypto gateways accepting many different coins.

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With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences

Retail TouchPoints

But the luxury market sits in a unique position of growth: spending on luxury goods grew approximately 20% in 2022, according to Bain & Company , and it is likely to expand further through 2023. The luxury market has a few key advantages that will likely safeguard it from financial turmoil. Will Luxury’s Biggest Market Rebound?

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Resellers vs. Retailers: How to Handle the Bot Problem

Retail TouchPoints

All of these retailers succeed by building hype around the launch, priming their loyal customers to place their order as soon as the product or service is released. To put this into perspective, Cowen Equity Research has predicted that the sneaker resale market will be worth $30 billion globally by 2030.