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This PSFK report looks at digital transformation in the payments sector and how it is changing the retail industry, exploring emerging trends such as the rise of mobile and contactless payments, the use of blockchain technology, and the increasing demand for seamless and personalized shopping experiences.
The retail industry is rapidly evolving, driven by changes in consumer behavior and advancements in technology. As digital payments and new financing models continue to rise, retailers are looking for innovative solutions to meet the changing needs and expectations of their customers. This report explores the key trends and drivers of innovation in the payments space and how they are shaping the future of retail.
This report provides an overview of the new payment trends that are revolutionizing the retail industry, including fractional ownership, bartering systems, value-generating transactions, rapid and decentralized finance, digital wallets, and seamless payments. By understanding these trends, retailers and brands can leverage new opportunities to monetize assets, engage with customers, and provide innovative ways to finance purchases.
This report on NYC retail was developed by the same PSFK research department that since 2004 has provided trends-led innovation consulting advice to Apple, BMW, Meta, Google, Microsoft, Samsung and Volkswagen.