Retail Trends: Global Payment Methods in Retail : ResearchByMarkets.com

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Keywords: Payment methods, payment trends, payment Innovations,M-commerce

Retail Trends: Global Payment Methods in Retail

Summary

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

Companies Mentioned:
MediaMarktSaturn
WeChat
7-Eleven
Carrefour
PayPal
Apple Pay
Samsung Pay
Gpay
Amazon Pay
Paytm


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Ritesh Tiwari is the Founder of Research By Markets, a leading Market Research Reports Reseller trusted by Fortune listed companies for their requirements of Syndicated and Custom Market Research Reports. Ritesh has an overall experience of 18+ years in Recruitments, Sales and Operations. He has been associated with the Market Research industry for the past 7 years. He is an avid foodie as well as a huge football fan being a supporter of Manchester United (EPL) and FC Barcelona (La Liga). Get in touch with him via ritesh@researchbymarkets.com. *Market Research News is a part of Research By Markets.