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COVID19: Insights and Help from Our Partners

The COVID19 health crisis has had a big impact on the economy as many businesses have been shut for a few months. Some merchants had to close shop completely, while others operated in limited capacity. Many of our partners have been discussing innovative ways to help deal with this crisis. From highlighting benefits of technological solutions to changing consumer behavior, we have listed a few posts from some of our partners and insights they have to offer:

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Retail Round-Up: How Are Retail Stores Fairing During These Unprecedented Times

As the COVID-19 pandemic progresses in the US, every industry has seen different outcomes. With many states now reopening businesses, strict social distancing guidelines are being recommended. While transportation, hotel and lodging have seen very little traffic, restaurants in a lot of states are still only allowed to offer takeout or delivery. The retail industry has also seen its share of unpredictable outcomes from grocery stores being open with strict guidelines to online sales for many retail brands going through the roof.

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Go Contact-Free with Contactless

Check out our infographic about the growth of contactless transactions and how it is expected to increase dramatically following the public health crisis that COVID-19 has created globally.

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Self-Service Kiosks: Adoption and Challenges in Implementation

According to a recent industry report by Research and Markets, the interactive kiosk market was valued at $22.69 billion in 2018 and it is expected to reach $31.32 billion by 2024. This market includes self-service kiosks which have gained popularity in the food & beverage industry. To discuss the adoption and challenges of self-service kiosks in detail we caught up Will Pymm, managing director of REDYREF Interactive Kiosks.

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Q&A: Understanding the Money Transfer Industry

The payments and financial industries are no strangers to digital transformation, nor to the effects that an influx of technologies have on how consumers receive, spend and transfer money. At the first time, sales from smartphones and tablets accounted for 20 percent of total digital commerce sales in the US in Q3 of 2016, up from 16.4 percent for the same period in 2015. Subsequently, TrendForce predicts that total mobile payment volume will soar from $620 billion in 2016 to $1.08 trillion in 2019.

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