|
May 31 Global payments newsletter: Father’s Day spending, coupons, payments industry VC funding, news roundup, more… |
|
| Here’s your global payments newsletter for this week. National Retail Federation predicts $16 billion spending on Father’s Day gifts. 67% of consumers will shop at a retailer with mobile coupons. The payments industry has $2 billion of VC financing so far this year. Checkers restaurant POS suffers malware attack while Visa says EMV cards are gaining ground and preventing fraud.
When it comes to fast-moving consumer goods, France has the highest online shopper counts at 7.1% compared to 6.3% in UK. Free delivery doesn’t increase returns, according to researchers. Retailers warn White House tariffs will cost business and consumers more money. US retailers have already announced more than 7,100 store closures only halfway through this year. Walmart is testing Amazon Go-like “Fast Lane” checkouts in Canada. Are you ready for cashless payments and the weekend?
|
|
Father’s Day spending will reach record $16 billion
The National Retail Federation (NRF) estimates Father’s Day gift spending in the US should reach a record $16 billion this year. That falls short of the $25 billion spent on Mother’s Day, but it’s still a pretty good day for dear old Dad and a good outcome for US retailers.The National Retail Federation (NRF) estimates Father’s Day gift spending in the US should reach a record $16 billion this year. That falls short of the $25 billion spent on Mother’s Day, but it’s still a pretty good day for dear old Dad and a good outcome for US retailers. Read more… |
|
Mobile coupons build loyal customers
If you thought coupons were going the way of pay phones and fax machines, new research from BRP Consulting’s report The Mobilization of Retail may get you to reconsider your bias. Not only are 41% of consumers planning to increase the frequency of their shopping by tablet or smartphone in the next two years, 67% also say they are more likely to shop at retailers with mobile coupons. Read more… |
|
Payments industry pulling in big VC cash
The $1.9 trillion payments industry is getting a lot of attention and billions of dollars of investment from venture capitalists these days, according to a CNBC report. That makes for a lot of potential new payments industry unicorns on the horizon. Pitchbook Data, which monitors VC investment, says more than $18.5 billion was invested in payments companies in 2018. Another $2 billion is already committed to the industry so far in 2019. Read more…
|
|
| May 31 Global payments news roundup
The weekly payments news roundup includes predictions of $16 billion in US Father’s Day spending, EMV fraud security impact, POS malware problems at Checkers restaurants, the cost of US tariffs to consumers and business, growing US retail store closures, and Walmart’s experiment with cashless checkout lanes. Read more... |
|
Get more global payments industry news and insight.
Find the daily payments industry news you can use at Payments NEXT.
|
|
