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How 5G Rollouts May Get Boost from COVID-19

PYMNTS

In the maelstrom of daily life grappling with COVID-19, the rollout of 5G , the fifth-generation network that features downloading speeds reportedly 100 times faster than that of 4G, may accelerate even as economic headwinds gather. And eCommerce, increasingly, is becoming the only way we can shop.

Economics 139
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Chapter 11 Filings Are Up 43 Pct YOY

PYMNTS

She said there could be more cuts coming due to adverse economic conditions. “We We may be on borrowed time for job cuts in a number of industries…that were not necessarily distressed when we entered the pandemic,” she said, according to WSJ. The bankruptcies so far this year include prominent old department store names such as J.C.

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UK Agencies Paint Stark Reality For Retail

PYMNTS

Even eCommerce sales have slowed to a below-average pace. Another survey released this week — this one of purchasing managers from the services sector — showed a rapid global slowdown, with the main economic index for Britain tumbling to its lowest since 1998, as reported by Reuters. The results of its survey suggest that U.K.

Retail 56
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Paytm Mall Lodges Net Loss On Surging Revenue

PYMNTS

Paytm Mall, the eCommerce unit of One97 Communications, reported a net loss of ?1,787 Paytm Mall currently has 10 million merchants and we will double it in the next 6-12 months,” said Vijay Shekhar Sharma, founder and chief executive officer of One97 Communications told Live Mint in a phone interview.

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Main Street, Disbursements And QR Codes Top This Week's News

PYMNTS

The new way of paying would reportedly not necessitate near-field communication (NFC). The redesigned app was created to meet expectations of shoppers as they move from shopping in stores to eCommerce. The Number Of Disbursements Is Increasing, The Number Sent Instantly Barely Breaks 10 Percent (One Disbursements Adoption Report).

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Voice Promises To Play A Big Retail Role This Holiday Season

PYMNTS

Indeed, Amazon’s record-breaking holiday shopping season last year was powered in part by voice-activated shopping, with the eCommerce giant saying orders placed via Alexa were three times higher than the year-ago holiday shopping season. Even so, global economic uncertainly could also play a role in the upcoming holiday shopping season.

Retail 47
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SMB Card FinTech Bucks Coronavirus Uncertainty With Funding

PYMNTS

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. Through real-time analytics and communication tools, the platform supports collaboration across workforces while providing insights into goals and historical trends.

B2B 72