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Technological advancements over the past decade revolutionised the way consumers pay for goods and services. Phones and smartwatches are now regularly used to make payments, more recently complemented by such emerging options as buy-now-pay-later and cryptocurrencies. This happens across all payment methods.
Joined by his management team, McMillon met with suppliers, merchants, grantees, artisans and MSMEs (micro and small to medium enterprises) across the company’s programs, such as Walmart Sourcing, Walmart Vriddhi, Flipkart, PhonePe, Walmart Marketplace, Walmart Global Tech In India and Walmart Foundation. per cent to US$26.8
Moving towards digital wallets and micro-gifting Australia’s rapid shift towards a cashless society is evident, with cash accounting for only 13 per cent of all payments in 2022, down from 70 per cent in 2007. In its place, digital payments are rising, with digital wallet transactions totalling $126 billion in FY23.
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