Global Payment Methods in Retail
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New innovative payment methods are evolving at a rapid pace with new providers, technologies, and payment platforms emerging quickly. Consumers are looking out for convenience and omni-payment options which enable them to pay with the same method whether buying in-store, online or via a mobile device. This shift demands retailers to opt for fast, simple and secure payment methods.
Scope
– Convenience is the major driving factor for innovative payment methods
– Cash remains the preferred mode of consumer payments followed by payment cards
– Usage of cash is declining gradually with rise in electronic payments
– Retailers are adopting smarter payment options to offer enhanced security
– Contactless payments overtaking traditional payment methods
– Self-checkout stores gain traction
– Mobile payment apps provide consumers with new ways to exchange money
– Increasing adoption of smart phones is propelling the growth of m-commerce
Reasons to Buy
– This report briefs about the key payment methods widely in acceptance in the retail industry, payment trends and innovations
7-Eleven
Carrefour
PayPal
Apple Pay
Samsung Pay
Gpay
Amazon Pay
Paytm
Table of Contents
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