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.

Instacart Looks to Unlock Shoppers’ Unspent FSA/HSA Savings 
Instacart Looks to Unlock Shoppers’ Unspent FSA/HSA Savings 
December 08, 2022  |  eCommerce

Instacart is driving sales with consumers rushing to use flex spending funds before they expire. The grocery aggregator announced Wednesday (Dec. 7) the launch of a pop-up...

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Cart Abandonment Rates Top 60% in APAC Region 
Cart Abandonment Rates Top 60% in APAC Region 
December 08, 2022  |  Consumer Insights

Offer local APAC payment methods or learn to live with high cart abandonment rates. That’s the memo to U.S., U.K., and Canadian firms trying to...

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SHEIN and Walmart Share Top Spot Among Shopping Apps Rankings
SHEIN and Walmart Share Top Spot Among Shopping Apps Rankings
December 08, 2022  |  Retail

In the latest Provider Ranking of Shopping Apps, we find three ties among 13 different retailers, including a neck-and-neck race to claim the top spot and...

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Asda Answers C-Stores’ Move into Groceries With Small-Format ‘Express’ Expansion
Asda Answers C-Stores’ Move into Groceries With Small-Format ‘Express’ Expansion
December 08, 2022  |  Retail

As convenience stores try to swipe grocery sales, supermarkets are responding with new small-format locations. The latest example of this brewing turf war has emerged...

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Toys R Us Parent WHP Takes 7% Stake in Express
Toys R Us Parent WHP Takes 7% Stake in Express
December 08, 2022  |  Retail

Fashion retailer Express has turned to WHP Global as it begins a “large-scale transformation.” WHP, a brand turnaround firm that owns a number of companies, including Toys R Us,...

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Banks and FinTechs Enter New Phase of B2B Payments Partnerships
Banks and FinTechs Enter New Phase of B2B Payments Partnerships
December 08, 2022  |  B2B Payments

In the new connected economy, FinTechs and banks have new ways to serve clients. Sorting out the successes and learnings of the pandemic’s digital shift...

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Carvana Runs Out of Gas
Carvana Runs Out of Gas
December 07, 2022  |  Earnings

Whatever happens, Carvana’s downward spiral shows there’s no easy path to forging the connected economy. Wednesday, the stock in the beleaguered online car firm plummeted...

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Getir Reportedly Acquiring Gorillas Amid Grocery Delivery Industry Challenges
Getir Reportedly Acquiring Gorillas Amid Grocery Delivery Industry Challenges
December 07, 2022  |  Delivery

Even as ultrafast grocers struggle worldwide, Getir is reportedly acquiring Gorillas, with help from investors. According to European startup news outlet Sifted, sources familiar with...

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C-Stores Boost Pickup Food Orders Amid Rise in Low-Income Demand 
C-Stores Boost Pickup Food Orders Amid Rise in Low-Income Demand 
December 07, 2022  |  Retail

Low-income consumers are turning to convenience stores for cheap and easy meals. This, as Casey’s General Stores, the nation’s third-largest convenience retailer and fifth-largest pizza chain,...

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