Connected Economy

The innovations in technology, connected devices, software, payments and cellular technology make it possible for people and businesses to connect with each other and do business via any device, an in any digital or physical location safely, securely, and in real time. This integration of the digital and physical worlds will transform the economy across the ten pillars that today represent its key cornerstones – pillars that are already experiencing the impact of disruptive innovation as new blended, digital-first experience-driven ecosystems are now taking shape.

India’s PhonePe Officially Separates From Flipkart
India’s PhonePe Officially Separates From Flipkart
December 23, 2022  |  Retail

India-based eCommerce platform Flipkart has parted ways with the digital payments platform PhonePe. The companies announced the severing of their ownership in a Friday (Dec....

READ MORE >
2023 Will Be the Year of Grocery Shopping
2023 Will Be the Year of Grocery Shopping
December 23, 2022  |  Retail

As inflation causes consumers to crimp spending, grocery shopping is seen coming out on top. With many consumers cutting out unnecessary purchases, the supermarket value...

READ MORE >
What Is the Digital Economy?
What Is the Digital Economy?
December 23, 2022  |  Connected Economy

The digital economy is economic activity using the internet and other digital technologies. It encompasses the production, distribution, and consumption of goods and services that...

READ MORE >
Restaurant Industry Sees Decline in Customers Who Order Online
Restaurant Industry Sees Decline in Customers Who Order Online
December 22, 2022  |  Mobile Order Ahead

If high global food prices weren’t enough, the restaurant industry is seeing fewer online orders too. By the Numbers PYMNTS’ new study “How The World...

READ MORE >
Boston Fed, MIT Study Paints Path Forward for Digital Dollar
Boston Fed, MIT Study Paints Path Forward for Digital Dollar
December 22, 2022  |  Cryptocurrency

A U.S. digital dollar is possible, and researchers have built the framework to prove it. That’s according to a multi-year project from the Federal Reserve...

READ MORE >
America’s Digital Transformation Is Slow, Steady and Driven by Routine
America’s Digital Transformation Is Slow, Steady and Driven by Routine
December 22, 2022  |  Connected Economy

Global digital transformation edged forward again in Q3 2022, increasing 0.7% from Q2, reflecting a continued rise in digital activities across the 11 economies we...

READ MORE >
Amazon and Walmart Market Share Battle Crossed New Lines In 2022
Amazon and Walmart Market Share Battle Crossed New Lines In 2022
December 21, 2022  |  Retail

The epic battle for wallet share between Amazon and Walmart entered uncharted waters in 2022. Tracking the action in the PYMNTS Amazon Versus Walmart report...

READ MORE >
Ahold Says Grocery Shoppers Will Flock to eCommerce in 2023
Ahold Says Grocery Shoppers Will Flock to eCommerce in 2023
December 21, 2022  |  eCommerce

As grocery shoppers seek more convenience, Ahold Delhaize sees eCommerce demand rising despite economic headwinds. In an interview with PYMTNS, Rom Kosla, executive vice president,...

READ MORE >
Walmart Canada Taps Western Union For Money Transfers
Walmart Canada Taps Western Union For Money Transfers
December 21, 2022  |  Retail

Walmart Canada has integrated Western Union’s platform into Walmart.ca to offer customers money transfers. In addition, the two companies have extended their relationship, letting customers use...

READ MORE >