article thumbnail

Physical Retail Environments will be Transformed by the Widespread Adoption of AR Glasses

Retail TouchPoints

For example, with augmented reality glasses, retailers will personalize recommendations, similar to how we experience targeted online advertisements; shoppers will be able to pay for goods simply by looking at them; and much more. Payment in the Blink of an Eye Mobile payments are already becoming prevalent in brick-and-mortar retail.

article thumbnail

What’s in Store for Grocery in 2022?

Retail TouchPoints

In 2022, grocers will focus on providing smart substitutions when items are out of stock and offering recommendations of what else shoppers can purchase, based on each shopper’s individual preferences. Picking the right merchandise assortments and recommending the right products on a 1:1 basis requires artificial intelligence.

Insiders

Sign Up for our Newsletter

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

article thumbnail

7 Brands Discuss the Benefits of the New Cashless Economy and Apple Pay’s Growing Ubiquity

BigCommerce

The Evolution of Mobile Payments: A brief history of mobile payments, according to TechCrunch : 1983: David Chaum, an American cryptographer, starts work on creating digital cash by inventing “the blinding formula, which is an extension of the RSA algorithm still used in the web’s encryption.” 2008: Bitcoin is invented.?.

article thumbnail

Why UK Retailers Should Save Some of Their Christmas Marketing Spend for Chinese New Year

Retail TouchPoints

Make sure you accept a variety of payment methods. WeChat Pay, a mobile payment solution from the ur-“everything app” WeChat, has become the norm for transactions within China — so make sure you can accept it and display that fact! Having information printed in Chinese characters is also a great idea.

article thumbnail

How To Leverage M-Commerce For Your Retail Business

RetailMinded

Therefore, as a business owner, if your clients are heavy mobile users, it’s best to invest in an M-commerce channel. . The three categories of M-commerce include mobile shopping, mobile payments, and mobile banking. Accept Mobile Payments. This allows you to deliver a better impression to consumers.

article thumbnail

Wireless 5G Revolutionizing Retail

Retail TouchPoints

Or a customer receives immediate, personalized product promotions and recommendations the moment they walk in a store, creating a truly customized experience. Imagine a retail location where customers using an AR-powered mirror can see how clothing looks on them without ever entering a changing room.

article thumbnail

Digital Wallets: What’s Good for the Payments Industry is Good for Retailers…Right?

Retail TouchPoints

As the online payments industry continues to evolve, new digital wallet solutions, such as mobile payment apps and e-wallet platforms, are becoming increasingly popular and reshaping the way consumers transact. We also recommend surveying customers to help prioritize.