The digital economy is economic activity using the internet and other digital technologies. It encompasses the production, distribution, and consumption of goods and services that are created, delivered and consumed using digital technologies. The digital economy includes a wide range of activities, such as eCommerce,...
Digital transformation is using digital technologies to fundamentally change how an organization operates and delivers value to its customers. It involves integrating digital technology into all business areas, fundamentally changing how the business works and delivering value to customers. Digital transformation can take many forms,...
Global digital transformation edged forward again in Q3 2022, increasing 0.7% from Q2, reflecting a continued rise in digital activities across the 11 economies we study. PYMNTS’ latest research identifies a critical shift in Q3: Consumers added more digital activities to their daily lives. We...
Gender equality hasn’t yet reached the digital economy — and retailers can capitalize on this divide. PYMNTS research has found that women overall make fewer transactions than men in nearly every category of the digital economy. The only exception is in digital banking, where approximately...
The car chip shortage that has bedeviled the auto industry this year isn’t going away. That’s according to a Tuesday (Dec. 20) report by the Financial Times, citing interviews with carmakers and chip providers who say increased use of connected car functions and demand for...
The CE 100 Index sank 2.5% as even “fun” names fell amid a Roblox stock drop. And headed into the final two weeks of what’s been a dismal year, the Index is 34.4% lower to date in 2022, outpacing even the tech-heavy NASDAQ, which has...
Recession fears mounted this past week, and stocks tumbled. 2022 is largely in the rearview mirror, and in looking ahead, investors — and some heavy hitters on Wall Street and in the payments sphere — do not necessarily like what they see. To that end,...
Personalized experiences have slipped below bargains on holiday shoppers’ lists this season. This shift represents a sharp reversal in customer preference amid record-high inflation that has impacted the rising cost of living. As recently as May, over 65% of shoppers were willing to pay premium...
Car IQ has partnered with Verra Mobility to provide its fleet customers with a complete toll payment suite. By partnering with Verra Mobility, which provides toll management and smart mobility technology solutions, Car IQ will expand beyond fuel and parking payments, Car IQ said in a Tuesday (Dec....