It would be easy to chalk up technological developments from Amazon(NASDAQ:AMZN) as par for the course. The company is perpetually throwing spaghetti on the wall to see what sticks.
A recent product unveiling, however, may mean far more than most realize.
The new device is the Amazon One, which can be used for contactless payments and is up and running in two Amazon Go stores. The device facilitates a completely hands-free interaction. Amazon says the palm print reader could also be utilized for things like granting access to restricted areas or in place of a loyalty card. Amazon is using it for its own purposes right now, but plans to sell the tech to third parties in the future.
Amazon One puts the e-commerce giant smack in the middle of a contactless shopping market that’s worth billions already, but could double in size in five years now that consumers
Latin America’s e-commerce industry is booming as millions of shoppers across the region venture online during the pandemic, many for the first time, forcing traditional businesses to adapt to survive.
The sector has been one of the big winners of the coronavirus outbreak as fears of infection and lockdown measures keep people at home.
“Covid-19 has been an accelerator of trends, and in electronic commerce it has been very powerful,” said Oscar Silva, an expert in global strategies with the consultancy firm KPMG in Mexico.
“More than 10 million Latin Americans who had never bought online now do so regularly,” he told AFP.
The dominant regional force is not Amazon or eBay but Mercado Libre, which has a similar business model and is present in 18 countries.
Despite the economic turmoil unleashed by the pandemic, the Argentinian company doubled its sales in the second quarter of this year thanks to
NEW DELHI (Reuters) – Samsung Electronics Co Ltd is expanding its online-only smartphone range, a senior company executive said on Thursday, as the South Korean tech giant hopes to win over new customers in India’s festive season sales.
Samsung will launch the new India-made Galaxy F range of smartphones at Walmart Inc-controlled online retailer Flipkart on Oct. 8, Asim Warsi, a Senior Vice President and Head of e-commerce Business at Samsung India, told Reuters in an interview on Thursday.
“The series is aimed to address the burgeoning demand among the young online shoppers in India,” Warsi said.
Indian customers make big-ticket purchases of everything from gold to cars and electronics in the holiday season, which typically begins around October and lasts until the end of the year.
“We are building up for a very buoyant and a very strong festive sales period this year and by virtue
The pandemic caused drastic travel restrictions and non-essential business closures, driving seismic shifts in how and where consumers spend their money. Consumers had no choice but to turn to the digital channel as brick-and-mortar stores and restaurants closed during the height of outbreaks. These shifts brought several consumers online for the first time and caused existing e-commerce users to increase their online shopping frequency.
In order to understand the degree to which connected consumers have shifted toward the digital channel during the COVID-19 pandemic, Euromonitor International analyzed results from two global consumer surveys* with a fielding difference of nine weeks between early January to late March.
Nearly every category highlighted in the chart below recorded a double-digit increase in the percentage of connected consumers making digital purchases between the two fielding timeframes.