The age of artificial intelligence is upon us, and the global landscape of its capabilities and uses is constantly changing at a rapid pace. This term has been used broadly in the media in many contexts, but the definition of AI is, “the theory and development of computer systems able to perform tasks that normally require human intelligence,
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Through a partnership between Mastercard, the U.S. Agency for International Development and Indian NGO Access Development Services, Renu – owners of a mom and pop convenience store in India – adopted QR-based digital payments at her kirana, giving digital-savvy customers more choice and boosting sales.
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As a wegg® Board Member, Hinrich Foundation Research Fellow, and Founder and CEO of Nextrade Group, Kati Suominen holds key insight into the ebbs, flows, and effects of global e-commerce. She recently published a report with the Hinrich Foundation entitled, “The Last Mile: How technology helps and hinders the toughest leg of global commerce.”
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“Communications is at the heart of eCommerce and community.”
-Meg Whitman, Former President and CEO of Hewlett-Packard
For many consumers, eCommerce is a part of our daily lives, from ordering a household item through Amazon to purchasing a gift from a small business on Etsy.
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“As consumer behavior continues to evolve and the retail landscape changes, retailers that embrace and implement these changes early on will be better positioned for success now and in the future.”
-Jia Wertz,“3 Mobile Commerce Trends That Are Dominating 2022”
Our society has become structured around the widespread use of smartphones more and more each year.
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In a recent research report, Mastercard highlights high digitalization among women-owned businesses as an opportunity for broader SME recovery and digital economy growth.
Here is a snapshot of the report’s findings:
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