India’s painful and ongoing struggle with the coronavirus pandemic will lead to a second consecutive difficult year for brick-and-mortar retail sales. At the same time, the public health anxieties constraining overall retail will continue pushing consumers toward digital solutions. We anticipate an extended boom for ecommerce in India, including 27.0% growth this year, for $66.76 billion in sales.
The profitable fintech is expanding its product suite and will create its own loan-servicing platform—an IPO figures in its long-term roadmap.
On today's episode, we discuss Apple's upcoming iOS 15 privacy measures, what we make of Spotify's new Clubhouse competitor Greenroom, whether new social network IRL can take on Facebook groups, if we can expect a new data privacy agency, how much people are getting out, American's favorite time of the year, and more. Tune in to the discussion with eMarketer senior analysts Audrey Schomer and Sara M. Watson and analyst at Insider Intelligence Blake Droesch.
Wise partnership to help Yapeal keep pace in Europe: The Switzerland-based neobank and the fintech will roll out a remittances feature that will work in over 80 countries—and help Yapeal keep up with other digital-only banking players in Europe.
This fall, US consumers will be able to use Afterpay’s app to shop at popular retailers even if those stores don’t have a partnership with the BNPL provider, helping it capitalize on a lucrative market and fostering increased customer engagement.
A stay of execution: Google announced it would delay its deprecation of third-party cookies by almost two years in response to commitments it made to the UK competition authority.
The neobank’s addition of several new features to its paid accounts could help it attract and retain premium customers.
Visa seeks to build up open banking: Months after its bid for Plaid was called off, the payments giant is buying the Sweden-based API provider Tink for €1.8 billion ($2.05 billion)—a deal that could enable the combined entity to establish a de facto European open banking standard.
Our forecast for Instagram shoppers
US boomers aren’t ready for mobile wallets
Top 10 countries for ecommerce growth
More than 45 million people ages 14 and older in the US will use buy now, pay later (BNPL) services this year, according to our inaugural user forecast for these financing options. That’s up 81.2% over 2020, and the age range of BNPL users will widen over the coming years as well.
The automaker acquired Boston Dynamics for $1.1B and is now the owner of Spot, which should help bolster its ambition to make walking cars.
Amazon’s investments in various AV projects could be the foundation for a bigger move into robotrucking.