The global financial technology sector continues to expand at an unprecedented rate, with $43.6bn of investment into the payments space alone in the first half of 2022, according to KPMG. Contactless technology has been a major contributing factor in the sector’s growth. Market data from Juniper Research estimates that more than half (53%) of […]
Whether shopping for essentials or indulging in some retail therapy, over 2.14 billion people now shop online. While the activity can be a great mood boost, on other occasions the trip from product page to checkout is riddled with confusing distractions and nasty surprises. For example, have you ever been ready to pay for your […]
If you’re one of the 43% of people in America who don’t carry cash with them, you’re likely to reach for your card or phone to make the payment. In fact, more and more people in the U.S. and around the world aren’t paying with cash at all when they go shopping. Some countries, like […]
Last year global retail e-commerce sales reached approximately 4.9 trillion USD, and Statista predicts this figure will grow by 50% over the following four years, reaching around 7.4 trillion USD by 2025. In light of these figures, it’s safe to say that the e-commerce market’s projected growth will create plenty of exciting opportunities for new […]
The prevalence of cash has been steadily declining for years, with the pandemic only serving to accelerate the process as society sought to avoid cash transactions and prioritise card payments and digital wallets. Since Merchant Machine’s analysis of the countries most reliant on cash in 2021, countries around the world have seen further changes […]
