Page 11 - gs260101

IndustryUpdate

serving cash acceptance in the United States. More than sustainability goals. It also examines challenges from
85 percent of Americans favor laws requiring businesses higher U.S. tariffs on electronic components, which are
to accept cash, and 84 percent oppose a fully cashless increasing costs and forcing suppliers to rethink sourc-
society. The survey of 5,570 residents aligns with Federal ing strategies.
Reserve data showing most consumers plan to continue
using cash. Visa reports increased holiday
retail spending in Canada
Respondents cited cash’s reliability, privacy and resil-
ience during emergencies. As a Payment Choice Coalition The 2025 Retail Spend Monitor from Visa Consulting
partner, NCR Atleos reaffirmed its commitment to & Analytics shows Canadian holiday retail spending
maintaining inclusive access to cash, particularly for rose 4.4 percent year over year across all payment types,
unbanked and underserved populations. unadjusted for inflation. In-store purchases accounted
for 88 percent of payment volume, while online spend-
Intelligent shopping carts reshaping retail ing grew 7 percent. Visa noted that artificial intelligence
increasingly influenced how consumers discovered
The intelligent shopping cart market is reshaping retail products and compared prices, contributing to more
by combining AI, sensors, computer vision and con- intentional spending.
nectivity to deliver seamless, in-store experiences that
mirror online shopping convenience, according to new Clothing and accessories led growth with a 10 percent
research from ResearchAndMarkets. These carts enable increase, followed by general merchandise at 9 percent
real-time analytics, automated checkout, inventory and health and personal care at 5.4 percent. Visa said the
tracking and personalized engagement, helping retailers findings highlight resilient consumer demand and pro-
improve efficiency and customer satisfaction. vide retailers with data-driven insights to guide strategy
in a changing commerce landscape.
The report highlights how omnichannel strategies, edge
computing and cloud platforms are accelerating adop-
tion, while contactless features support health and