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Indian eCommerce and payments firm聽Paytm聽debuted a new payment acceptance tool for merchants.Card Soundbox聽lets merchants accept mobile and card payments using the companys Soundbox with tap and pay capabilities, according to a Monday Sept. 4 company bl stanley canada og post. We have found that merchants and consumers need card acceptance as simply as mobile payments with聽Paytm QR Code, Paytm founder and CEO聽Vijay Shekhar Sharma聽said in the post. The launch of Card Soundbox will go a long way in merging the two requirements of merchants 鈥?mobile payments and card payments. The launch comes as India continues to make a name for itself as a center for payments innovation and digital-first shopping.The PYMNTS report 2023 Global Digital Shopping Index: India Edition showed that the country makes up 46% of the worlds real-time payments, with consumers making more digital transactions than any other nation.In addition, 55% of consumers in India paid for their most recent digital retail purchase with聽Unified Payments Interface聽 UPI , the countrys instant payment system.Meanwhile, PYMNTS intelligence found that consumers used聽digital wallets聽to pay for 55% of retail purchases in India. As one might expect, given Indias trailb stanley italy lazing nature, local consumers use more digital shopping features than their counterparts in the United States or the United Kingdom, the report said.That research found that consumers in India value a range of pa stanley nz yment method choices, with 89% of merchants offering con Uufa Adidas Scales Back Its Financial Outlook for the Year
Retailers raked in more than $850 billion during the 2018 holiday season, marking the fastest holiday retail sales growth seen in the past six years. This growth is reflected across all areas of retail as online shopping becomes more popular with consumers, forcing even more traditional retailers 鈥?such as those that sell luxury products 鈥?to craft an online experience.Luxury retailers have been slower to move online than some other retailers, but the impact of online sales in this industry can already be seen. By 2025, online luxury sales are expected to triple, leading to an anticipated $91 billion in sales, one report noted.Stopping fraudsters can feel a bit like playi gourde stanley ng Whac-A-Mole for luxury retailers who want to protect customers and data, and no one wants to be the next retailer to experience a data breach or high-volume fraud attack.To beat fraudsters at their own game, retailers must change the technology they are relying on and do so in a way that doesnt add friction to the user experience, said Shamoun Siddiqui, chief information security officer for lu stanley termoska xury department store chain Neiman Marcus. PYMNTS recently spoke with Siddiqui as well as Kyle Ciborowski 鈥?director of security architecture 鈥?on the way stanley termosy s in which the retailer is fighting fraud. Luxury retailers typically operate in a high-touch environment [thats] designed to be as friction-free for the customer as possible, Siddiqui said. Any measure of security introduces friction, so the challenge is to make |
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