New report titled “Innovation Trends in Global Retail and Payments 2017”, from Germany-based secondary market research firm yStats.com, highlights the recent tech developments in E-Commerce, store-based retail and digital payments. The report sheds light on innovations behind the major market trends such as conversational commerce, automated shopping, mobile wallets and virtual currencies. It also cites top predictions and provides examples of the adoption of these latest innovations in retail and payments. Read more here: https://www.ystats.com/retail-and-payment-innovation-trends/ Find the report here: https://www.ystats.com/market-reports/innovation-trends-in-global-retail-and-payments-2017/

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PRESS RELEASE
Hamburg, October 26th
, 2017
New trends in retail and payments are subject of latest
yStats.com publication
Hamburg-based business intelligence company yStats.com has released a report titled “Innovation Trends in Global Retail and
Payments 2017.” The publication covers emerging technologies such as chatbots, automated shopping, mobile wallets and virtual
currencies that are already disrupting online and brick and mortar retail as well as payment sector, and are predicted to spread
rapidly.
Merchants and shoppers alike are adopting innovations such as Artificial Intelligence (AI), Augmented Reality and Virtual Reality,
the Internet of Things and blockchain. Conversational commerce is one new development resulting from AI, whereby shoppers can give vocal
instructions related to shopping to virtual assistants like Amazon’s Alexa or Apple’s Siri. Surveys in the USA and the UK cited in the yStats.com
report indicate that consumers are ready to use this technology, as well as a related innovation, the chat robot, which guides a purchase and
answers customer queries within a messenger application. Chatbots are predicted to offer huge cost savings to merchants as they are adapted
widely in the next five years. The Internet of Things permitting such services as automatic refills and automatic checkout of products in
physical stores is also projected to be widely adapted, as nearly all newly designed electronic products will have the IoT built in.
Online and in-store payments are also impacted by innovative technologies. Contactless or NFC payment and mobile wallets have
been around for a few years and are gaining wider acceptance, especially in developing markets in Asia. In China alone, in-store mobile
payments approached USD 100 billion over the past year. Another new technology, blockchain, is behind the spread of bitcoin and other
virtual currencies, and is predicted to become more widely used in the finance and payment industry to detect fraud and improve
infrastructure. The use of AI and biometrics related to payments are also predicted to become more widely adopted, according to research
cited in the yStats.com report.
For further information, see: https://www.ystats.com/wp-content/uploads/2017/10/2017.10.25__Product-Brochure-Order-Form_Innovation-Trends-in-Global-
Retail-and-Payments-2017.pdf
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to
providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our
areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover
a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide
selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide,
including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an
expertise in the areas of B2C E-Commerce and Online Payment.