Connected Economy

Connected Economy
Today in the Connected Economy: Meta Provides Glimpse of Smart Glasses Project
May 05, 2022

Today in the connected economy, Facebook founder Mark Zuckerberg offers a small preview of his company’s smart glasses project. Also, Pinterest tries to tap into the $400 million livestream shopping market, and Western Union forms a partnership with PagaPay to support cross-border money transfers. Zuckerberg...

Connected Economy
Consumers 51% More Engaged in Video Streaming, Social Media Browsing Than Shopping Online
May 05, 2022

When benchmarking the progress of the world’s digital transformation, one of the ways PYMNTS categorizes online activities is by those that are “transactional” activities and those that are “engagement” activities. Transactional activities are those that are only about making a purchase, such as shopping and...

Connected Economy
5G Powers Businesses’ Contactless Shopping, Untethered Internet Access, Backup Connections
May 05, 2022

Contactless shopping at portable shops, untethered internet access at pop-up locations and backup connections for wired connections are three 5G use cases promoted by carriers recently.  As they continue to expand their 5G networks, three major carriers highlighted those as ways the technology can be...

Connected Economy
Digital Payments, Last-Mile Transparency Bring Logic to Logistics
May 05, 2022

Logistics as an industry seems to be lacking some logic. At least when it comes to payments. Supply chains are still being roiled by the pandemic. Stockouts were common even as late as last year before inflation truly took off, and restrictions and lockdowns still...

Connected Economy
Today in the Connected Economy: Meta Unveils Diversity-Focused Small Business Tools
May 04, 2022

Today in the connected economy, Meta rolls out a series of tools to help Black and Hispanic-owned small- to medium-sized businesses (SMBs). Meanwhile, Mastercard works with Galileo to promote financial inclusion in Latin Amercia and the Caribbean, and payments platform Papaya works with Applied Innovation...

Connected Economy
The Data Point: 61% of US Shoppers Gravitate to Basics as Inflation Presses Down
May 04, 2022

Diligently tracking the movements and metrics of consumers in the connected economy, we’ve identified four important new consumer personas and facts about their buying behaviors. Based in a census-balanced survey of nearly 2,800 consumers, PYMNTS’ new study ‘The ConnectedEconomy™ Monthly Report: 3 Ways Consumers Are...

Connected Economy
Today in the Connected Economy: Dish Taps Samsung for 5G Products
May 03, 2022

Today in the connected economy, Samsung makes a deal with Dish to sell equipment for its soon-to-launch American 5G network. Also, restaurant software firm Toast launches a tool for hotel restaurants, and Paysafe expands its ongoing partnership with Visa. Samsung Agrees to Supply Dish Network...

Connected Economy
Today in the Connected Economy: Jamestown, BitPay Partner on Crypto Rent Payments
May 02, 2022

Today in the connected economy, real estate management firm Jamestown teams up with BitPay to accept cryptocurrency-based rent payments. Plus, Fingerprint Cards and Transcorp collaborate to bring biometric cards to India, and payments technology firm Payix offers online cash payment acceptance — or eCash —...

Connected Economy
Data Point: Nearly 50% of Activities Comprising the CE Index Are Not Commerce Related
May 02, 2022

We begin to think buying and selling are the main point of digital transformation, while payments and commerce in a broader sense are crucial functions of a more varied ecosystem. For “Benchmarking The World’s Digital Transformation,” a PYMNTS and Stripe collaboration, we surveyed over 15,100...