Ingrained faith in the physicality of banknotes has long driven German consumer behavior, as cash still accounts for an average 51% of all retail transactions as recently as 2020. For comparison, the rate in the neighboring Netherlands is 22% and Luxembourg’s is 24%. Partially driven by the...
As live event venues look to meet their increasingly digitally connected customers’ demand for speed and convenience, they also have the opportunity to nearly double the amount that attendees are spending, in-seat ordering company Ordr has observed. Jade Chiles, CEO and co-founder of the platform,...
eCommerce activity is poised to rise significantly in the next 12 months. Thirty percent of consumers expect to purchase more retail products online in the next year, and 32% expect to buy more groceries. This upcoming eCommerce activity surge creates myriad opportunities for merchants and...
The pandemic’s closures of in-person businesses forced a hard digital pivot on beauty services providers — one that allowed many to survive. With increasing consumer demand for convenient and contactless payment options, however, the industry is finding value in digital transformation long after most pandemic...
The digital economy is supported by payments infrastructure created decades ago, when payments were exclusively a physical activity. In the digital age, instant communications have been “matching up” with instant clearing and settlement and the ability to move money in the blink of an eye....
As salons and spas across the country recover from the pandemic’s impact, an industry insider explains how digital systems are improving the customer experience and helping to attract and retain customers. — Although the beauty services industry is rebounding from the pandemic, spas and salons...
Despite being among the worst hit by the pandemic, the beauty services market has begun to rebound. Sales in the United States have reached nearly 70% of their pre-pandemic levels in 2021 and market value has eclipsed $57 billion. Nevertheless, emerging shifts are creating new...
The current economy’s transitionary challenges have organizations increasingly looking to identify and capture efficiencies. One of the biggest operational impacts being realized is how businesses shift their technology investments to meet their financial operations’ changing needs. “The COVID-19 period woke the marketplace up to the...
The European region, Lynsey Verrillo, Head of Enablers and Small Business at Visa, and Marc-Alexander Christ, SumUp co-founder, told Karen Webster, is home to 28 million smaller firms, which drive a significant portion of the region’s GDP. And to fully embrace the great digital shift...
