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The key to making something more convenient for consumers usually lies in one of two areas: making something faster to do, or making it simpler to access (both, if possible). It’s why real-time payments are a global hit – particularly among gig workers and contractors who work more when they can be paid more often. But for consumers with limited time and screen space, faster isn’t enough – consumers are also searching for simpler. But simple is often easier said than done, particularly as regulation is intentionally interjecting friction on behalf of everyone’s privacy.
$1.3 trillion: Estimated value of the Chinese cross-border eCommerce market.
$25.9 billion: Projected value of the instant and real-time payments market within
Read full article » https://www.pymnts.com/today-in-data/2019/retail-speed-faster-payments-commerce/
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PYMNTS.com is reinventing the way in which companies share relevant information about the initiatives that shape the future of payments and commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about “What’s Next” in payments and commerce. C-suite executives, company founders, and investors turn to it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It’s where the best minds and best content meet on the web. Innovations in payments and commerce have become highly intertwined. PYMNTS covers every aspect from retail reinvention to the Internet of Things.