PYMNTS AM Radar: Insta Payday; sales channels

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Today is Wednesday, May 11th and national Eat What You Want Day, so maybe it’s time to have some pizzas made by a robot and delivered by drone. Also today is the endorsement vote for Alvaro Bedoya to the Federal Trade Commission, but Republicans have asked that his name be pulled so anything can happen. Here’s what else to have on your radar this morning.

Insta Payday: With 52% of adults living paycheck to paycheck, immediate access to wages can be both a maintenance benefit and a financial help. PYMNTS’ latest Expanding Payments Choice Playbook®, created in partnership with Onbe, explores how using Instant Payroll can help businesses increase employee financial security and loyalty while reducing attrition. CONTINUE READING

Sales channels: While 61% of online retailers have increased their use of marketplaces over the past year, 40% of marketplace-owned businesses don’t believe these avenues will define or affect their future. Marketplaces are typically just one sales route for retailers, with only 12% selling exclusively online. In Online Sellers: The Future Is Multichannel, PYMNTS examines the e-commerce landscape and what drives today’s retailers. CONTINUE READING

Packing Africa: The perception of goods made in Africa requires a packaging reboot, Birame Sock, founder and CEO of African B2B marketplace Kwely, told PYMNTS. Lousy packaging has led to poor product positioning, but Kwely believes local producers can thrive in the global marketplace with the right tools. CONTINUE READING

Crypto Compliance: Cryptocurrencies work across blockchains that are publicly available and highly transparent, Andrew Fierman, head of sanctions strategy at Chainalysis, told PYMNTS. Once information is recorded on a blockchain, it cannot be altered or deleted, allowing anyone to examine the entire lifecycle of transactions – a plus for in-depth investigations into illegal behavior. CONTINUE READING

ICYMI: The increased use of automation and robotics in the food industry is helping to fill the gap in labor shortages, but consumer readiness varies from country to country. The automated restaurant Yo-Kai Express is seeing greater acceptance in Japan, where it launched just last month, because the population is used to vending machines, COO Amanda Tsung told PYMNTS. The restaurant is also in the US and Taiwan. CONTINUE READING

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NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORE CARDS – APRIL 2022

Above: Shoppers who have loyalty cards use them for 87% of all eligible purchases — but that doesn’t mean retailers should launch “buy now, pay later” (BNPL) options at checkout. The Truth About BNPL And Store Cards, a collaboration between PYMNTS and PayPal, surveyed 2,161 consumers to find out why providing BNPL and store cards is key to helping merchants maximize conversion.

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