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Multiple physical and digital touchpoints in the modern buying journey create a hugely complex process and many retailers have difficulty keeping up with the pace of change technology brings. These figures reflect the extent of the challenge retailers face in converting sales after they’ve already done so much work to get people to their stores, and the task is far from straightforward. The adoption rate of non-cash payments fluctuates massively across Europe, let alone other parts of the world in my experience, but it’s clear digital payments are already being adopted in leading markets, as revealed in the 2019 Wirecard Global Shopping Report. For example, self-service checkouts are already in high demand but around a third of people like the idea of automating their payments through an app or other handheld device to further increase their convenience.

Taking place in Las Vegas this week, the Consumer Electronics Show (CES) is the world’s gathering place for all those who thrive on the business of consumer technologies. It included an interactive, immersive demo of a data-driven shopping experience in a Cadillac; an Alexa-powered interactive in-vehicle assistant that stores driver profiles in the cloud; and an Accenture demo showing how identity and personalization can be used to create unique transportation experiences. the Intel-owned company that specializes in chips for vision-based autonomous vehicles – also demonstrated how one of its autonomous test vehicles could navigate the complex streets of Jerusalem using only a dozen cameras. While mobility certainly dominated, CES also provided the perfect setting for us to announce our new relationship with Sprint to integrate our unified commerce solutions into Sprint’s Curiosity™ Internet of Things (IoT) platform and deliver the “Internet of Payments.

From tapping our smartphones at contactless readers, to payment-enabled wearables and voice-activated payments, we’re just getting going… Today, individuals and businesses need to transact in real-time, from every corner of the world – sharing information, products and solutions with one another within rapidly-evolving digital ecosystems. In the realm of biometrics, Wirecard’s facial and palm scanning prototypes foreshadow an exciting future of payments at places like mass commuter systems, events, retail and other locations where high volumes of customers need instant access and payment capabilities. Despite all our advances, we still interact with the digital world through clumsy digital screens (mobile phones, laptops, VR headsets, GPS navigators in our cars, etc). Insights from the Global Shopping Report Go cashless this Christmas for a more sustainable future Singles’ Day 2019: The rise of the Asian Dragon of e-commerce Before you leave, we have a gift for you: Subscribe to our blog newsletter and receive our exclusive e-book about the seven megatrends that will have a major impact on the payment industry.

Shifting tendencies: In the next 5 years, 66% of shoppers expect to buy more of their groceries online Heading to the supermarket without a strategy is a guaranteed way to overspend and forget the essentials, so avoid the busy checkouts and save time as well as money when you do your food shopping online this festive season. Meal-planning at Christmas and sticking to healthier options all year round is easier when you’re not faced with temptation on the shelves, and some recipe websites and apps allow you to simply lift and drop the list of ingredients into your online shopping search. Wirecard is proud to support technological innovation and transformation across all industries with its advanced digital payment solutions, and will continue to pay close attention to the online food retailing segment as it remains a key driver of growth in e-commerce. as we enter into a new decade, we find that almost all consumer goods sectors have been fully digitalized – check out our blog for tips on using the latest tech to take the tedium out of Christmas gift shopping .