Retail Trends: Global Payment Methods in Retail :

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

Retail Trends: Global Payment Methods in Retail


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.


– 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:
Apple Pay
Samsung Pay
Amazon Pay

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