The retail industry is going through a major evolution. From e-commerce giants like Amazon to neighborhood mom and pop shops, retail is changing rapidly to fit the needs of today’s consumers. While the landscape may seem bleak for retailers competing against the fast-paced, increasingly digital environment, modernizing payment systems may hold the key to how businesses not only survive, but thrive in this new era.
To do this, retailers must look at three key trends propelling the payments and retail industries into the future: the digitization of payment solutions, omnichannel payment acceptance, and the integration of data and analytics to enhance the customer experience.
