McKinsey

Will Black Friday and 2023 holiday sales be in the black?

By Jeff Domansky

November 21, 2023

By Jeff Domansky With Black Friday imminent, we’ve got a rundown of predictions for the 2023 holiday shopping season kickoff from US retail analysts and research groups. Overall, ...

Canadians toss the cash, forgo bank branches, embrace contactless payments

By Jeff Domansky

July 13, 2020

global payments declining due to COVID-19

Banking E-commerce Payments Research Payments Trends

New research from McKinsey shows Canadian consumers avoided cash and bank branches in May over the fear of COVID-19 and turned to contactless payments to fill the gap. ...

McKinsey: Post-COVID-19 business recovery could take 5 years

By Jeff Domansky

July 10, 2020

E-commerce Retail

A new McKinsey report says post-COVID-19 business recovery could take five or more years depending on the size of business and sector. The report highlights challenges faced by ...

ChargeAfter partners to grow POS financing technology and options for merchants, consumers

By Jeff Domansky

June 9, 2020

POS lending is growing at 20% plus annually

Payments Technology Payments Trends

Point-of-sale (POS) funding technology platform ChargeAfter and Japanese venture capital firm MUFG Innovation Partners (MUIP) announced plans for a strategic investment to provide global e-commerce and brick-and-mortar retailers ...

McKinsey: Global consumer sentiment – Situation “normal”, whatever that is

By Jeff Domansky

May 29, 2020

E-commerce Retail

McKinsey’s new research report, with insight on shifting consumer sentiment over a five-week timeframe of the global pandemic in 42 countries is an eye-opener. Researchers gauged consumer sentiment ...

Emerging market mobile financial services will grow 70% by 2024

By Jeff Domansky

October 15, 2019

Mobile Payments Payments Research

So how big is the mobile financial services market in emerging markets? According to a new study from Juniper Research, the mobile financial services market will be worth ...

July 5 Global payments news roundup

By Jeff Domansky

July 5, 2019

E-commerce Fintech Payments Technology Payments Trends

Happy July 5 to our US readers and welcome to this week’s global payments news roundup. We start with a look at the growing Chinese traveler payments market ...

Fintech Friday: Craigslist, PayPal, Baidu, Kroger, Tikkie, Tipalti

By Jeff Domansky

December 14, 2017

Disruptive Technologies Slider

Fintech Friday looks at looks at mobile payments news from Craigslist, PayPal, Baidu, Kroger, Tikkie and Tipalti. ...

What’s the latest in chatbots, banking & payments innovations?

By Jeff Domansky

April 14, 2017

Chatbot banking and artificial intelligence

Disruptive Technologies Fintech Slider

What's up with chatbots in the banking and payments industry? A Cisco report says $408 billion is at stake in digital transformation in banking. McKinsey predicts chatbots could replace up to 29% of the customer service industry and Gartner says by 2020, 85% of customer interaction could happen without humans. ...