| FinTechs want Fed settlement access, China puts Visa, Mastercard on hold, Why the physical store model is dead | | | P97 CEO On The Connected Commuteâs Fast Lane On average, 135 million Americans commute 51 minutes a day â an activity worth nearly $230 billion in associated commerce. P97 Networksâ CEO Don Frieden tells Karen Webster that itâs only the beginning of what will be a sea change in how connected commuters are, and how they will use those connections to shop and pay. Itâs a change, Frieden says, that is coming up fast and picking up speed. |
| Why Africa Is eCommerceâs Next Great Frontier The African continent is home to 738 million smartphone users â more than half of whom are young, tech-savvy and ready to embrace digital payments and banking. Emergent Technologyâs Managing Director Saqib Nazir tells PYMNTS about the opportunities and challenges that define the next great eCommerce frontier. |
| Visa: How Payments Fuel The Connected Car Experience Fresh off CES, Visaâs Head of IoT Platforms Bisi Boyle tells Karen Webster that the software platforms on wheels that we now call cars are just one stop on the connected commerce journey that consumers now wish to travel. Digital payments, she says, will make those experiences seamless in and out of the car, and fuel countless new commerce opportunities. |
| | Retail Reinvention | | Why The Physical Store Model Is Dead NRF kicks off this week, and with it will come loads of innovations intended to drive consumers back into the stores. Karen Webster says thereâs only one problem: Consumers donât really want to go. Physical retail can survive the consumerâs shifting preferences for digital commerce, but the existing store model certainly wonât, she says. Hereâs why traditional retail might want to look at the evolution of traditional media for clues on what the future will hold. |
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