FINTECH TRENDS IN RETAIL : SHIFTING CONSUMER
EXPECTATIONS
The retail industry is seeing a trend of new technologies and innovations with the goal of making shopping more faster , convenient , and enjoyable
WRITTEN BY : DERIN CAG
Fintech trends in retail are changing how consumers think about their relationships with retailers as they look for ways to save money and time while demanding more personalisation and convenience .
According to Liron Damri , President of Forter , " In 2020 alone , eCommerce exceeded US $ 4.3trn , a volume originally forecasted for 2025 ."
This article examines how financial services related to retail are evolving by adopting more innovative technology to adapt to the times and meet the demands of modern consumers .
Providing easier payments One of the most apparent fintech trends in retail is the move to make payments more convenient . This shift in the way of doing things ranges from using mobile wallets and contactless payments to apps that allow people to scan items as they shop and pay for them later .
92 February 2022