August - 2021retailtechinsights.com6Copyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. August - 2021, Volume 03 - Issue 05Published by ValleyMedia, Inc. To subscribe to Retail Tech InsightsVisit www.retailtechinsights.comManaging EditorLinda BurnsEditorial StaffAaron SmithJoshua ThomasLisa DebraDerrick JohnJohn JamesSteven RichardVisualizerAsher BlakeEmail: editor@retailtechinsights.comsales@retailtechinsights.commarketing@retailtechinsights.comEditorialLinda BurnsManaging Editoreditor@retailtechinsights.comDigital Payments for a Post-Pandemic Retail Payment Landscape*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffThe COVID-19 pandemic has significantly impacted the retail landscape, and merchants believe those that prioritized payments within their business have suffered the least. Retailers with highly efficient and effective payment infrastructures have quickly adapted over the past year while capitalizing on emerging trends and customer needs. On the contrary, those who failed to implement an effective payments strategy have had no shortage of challenges.Fraud management has emerged as one of the prime concerns for retailers over the last few years, especially as digital sales volumes accelerated. Customers are always seeking faster, safer, easier, and more flexible ways to make payments. The pandemic has transformed safer payment methods to a necessity, leading to further innovations in the retail payment landscape. The Internet of Things (IoT) is grabbing headlines across business sectors, and the payment landscape also stands to benefit significantly from the technology. From watches to cars, IoT-enabled devices of all sizes can make payments easier than ever. While cryptocurrencies are not yet accepted as a mode of payment in many regions, it will not be long before digital currencies are accepted globally. The use of cryptocurrencies in the retail landscape has already begun. From socks to cars, cryptocurrencies are slowly being accepted as a form of payment for a range of products. However, the most popular cryptocurrency, Bitcoin, is unregulated and lacks ownership. Unlike Bitcoin, the Stablecoin version of cryptocurrencies is less volatile, easy to spend or convert, and its value is pegged to an asset, such as the fiat currency of a nation. Several companies have joined the race to launch Stablecoins, with JP Morgan already launching the JPM Coin. As multiple retail payment solution providers emerge in the industry, it is imperative that organizations carefully filter their options and identify the solution provider that best fulfills their needs.In this edition of Retail Tech Insights, we bring you the story of some of the most successful retail payment solution providers. This edition also combines thought leadership articles from subject-matter experts and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the best retail payment solution provider based on your requirements.Let us know your thoughts!
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