Around 60% of clothes shopping either takes place via or is influenced by the internet, according to a new study by Google and Compete, which marks a growing blur between online and offline commerce.
The shift includes shopping on mobile devices including tablets and smartphones. One in five (24%) clothes consumers are using mobile devices on a daily basis to look up products. Video was the most successful means of enticing shopping, with four in ten shoppers visiting a store after watching a product video.
“We’re seeing massive changes in the use of digital, mobile devices and video in driving apparel sales,” said Todd Pollak, Google’s industry director for retail.
“It’s time to drive through the front window of financial services” – Tandem Bank, Azimo co-founders
An auspicious dinner threw Michael Kent and Ricky Knox together at business school more than a decade ago, laying the foundations of a business partnership that would see the pair create financial tech companies remittance firms Small World FS, Azimo and most recently challenger bank Tandem.
In a week when Sainsbury's finally revealed it will go contactless this year and when Eurovision said it will be cash-free and payment wearable full, it shouldn't come as a surprise that new data from Visa Europe confirms contactless payments' dominance in Europe.
The recent hypothesis that creating economic growth and investment opportunities in many parts of the world is, according to some governments, the responsibility of business – in particular small and medium sized companies (SMEs).
Opportunities to write about the Eurovision Song Contest are far and few between in the world of payments, but that ends today with news Gemalto and Visa are teaming up to hand out contactless payment wristbands at the show this year.