The pandemic is pushing consumers into digital banking channels, upping pressure on small and midsized banks to deliver value-added services and digital user experiences. They have to find ways of doing so on limited tech budgets to stay competitive.

And those alternatives will most likely be nearby (or online). The results of a June 2020 survey by local social networking platform Nextdoor found that 72% of its members expected to visit local businesses more often post-pandemic.

Traditional media still enjoy wide reach, but many younger web users are gradually shifting to digital alternatives. Most of the online population still tuned in to live radio and read print publications. In total, 74.8% of internet users ages 16 to 64 had listened to live radio during the prior month in Q1 2021.

Not only does this prevent small businesses from keeping their funds in Square’s ecosystem at all times, but it could potentially limit Square’s revenue opportunities as well.

Radio time saw only slight annual declines in the years leading up to the pandemic, but it dropped significantly last year. Podcasts have boosted digital audio listening. Digital Audio Will Surpass Radio in Time Spent.

Only 2% of respondents said there would be a decline. Nine in 10 respondents said they planned to use audio/podcasts in 2020, and a similar percentage said they would use emerging technology like augmented reality and voice. This indicates that marketers are experimenting with formats beyond traditional social media posts and editorial-style content.

The only pay TV category with growing subscription revenues is the virtual multichannel video programming distributor (vMVPD) category. Also called skinny bundles, linear OTT, and virtual cable, vMVPDs are merely streaming products that digitally deliver linear TV programming as it’s aired. vMVPD subscription revenues will be $9.08 billion in 2021 and grow to $11.01 billion by the end of 2022.

Amazon started donating only a year ago and Meta’s Chief Privacy Officer Erin Egan recently joined the chamber’s Board of Directors. The takeaway: The US Chamber of Commerce, which argues that regulation will stifle innovation, will continue to fight regulators like the FTC by attempting to discredit its leadership.

Some online marketplaces, as well as related technology platforms, also become payfacs to bring payments in-house. These companies can include ecommerce platforms that help businesses or individuals sell goods online, or platforms that facilitate business functions like appointment scheduling or invoicing. Other examples are platforms for on-demand services like ride-sharing or food delivery.

Advertisements have driven record revenues for mobile games, and the global audience for video games as a whole is only getting bigger. According to a March survey from Deloitte, 96% of millennials, 96% of Gen Zers, and 89% of Gen Xers listed video games as one of their top 3 frequent activities. It’s not just in-game ads that are getting attention.

At an invitation-only Money20/20 event at Tao Asian Bistro within the Venetian, Dan Van Dyke, VP of financial services content at Insider Intelligence, walked 22 executive attendees through a matrix our research team compiled containing some of the industry’s most comprehensive data about global financial services super apps.

This report will take a look at the key digital habits and personas across age groups in Canada.

Advertiser Perceptions reported that nearly half of respondents (47%) had reduced spending on display, whereas only 24% reduced search spending. Paid social media and digital media also lost ad spend from over 40% of advertisers. An Interactive Advertising Bureau (IAB) survey fielded between March 18-24 also found a sharp drop-off of companies buying digital ads.

However, 64% would rather shop online if the retailer is willing to shoulder the shipping costs. Subscription Services and White Glove Retail Investments. Only 15% of U.S. consumers currently use subscription services, but retailers could see this trend take off in 2020, as approximately 35% of Americans who do not currently use these services said they plan to try them soon.

It trails only Japan. Penetration is 25.5% in Canada, ahead of Brazil, the UK, Argentina, and the US. Twitter is the only social platform with more male users than female. According to Reuters, 25% of male respondents were users, compared with just 15% of females.

But only 4.6% of those sales—or $45.07 billion—will transact via ecommerce. The opportunity: Companies across digital and traditional industries can adopt a “super app” mindset to expand into and drive revenues from new verticals. From airline to super app. When the pandemic wreaked havoc on the airline industry, AirAsia doubled down on its digital strategy.

As more purchases have shifted online during the pandemic, marketers will need to find new ways of reaching customers and prospects in order to drive online conversions. According to a May 2020 survey conducted by Duke University’s Fuqua School of Business, 84.8% of US CMOs said they’d seen customer openness to new digital offerings increase during the pandemic.

That backlash is especially intense within gaming, where several companies have announced NFT plans only to quickly backpedal following negative feedback from fans.

That’s a different approach from third-party cookies that let companies trace a user’s online activities across websites to build a user profile without giving the consumer any control over the process. More on this: Google first announced plans to phase out third-party cookies from its Chrome browser two years ago.

In other words, as dominant as the region is now in digital retail, it will only be more so in the years to come. Chinese Companies Continue to Lead. China is not only the world’s largest market for retail, retail ecommerce, mcommerce and social commerce, it is also the most innovative marketplace for digital retail.

Games streaming, an emerging space in the market, only made up about 2% of total revenues but still saw significant growth. Streaming revenue grew 16.5%, rising from £341 million ($388.8 million) to £397 million ($452.7 million).

Most travel booking is conducted over the internet these days, so the digital figures are a proxy for the overall industry. We estimate that roughly 70% of total US travel spending is transacted online–including about 90% of airline spending. Thus, the US travel recovery has been driven by consumers resuming their searches, clicks, and online booking for trips.

According to Numerator, a firm that tracks consumer purchases at retail and online outlets, recent shifts in consumer behavior include fewer shopping trips and higher-volume purchases, more online shopping, buying brands that wouldn’t otherwise be purchased, and shopping at stores not normally visited.