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As Brazilian consumers become more price conscious, cash and carry becomes a popular destination for grocery shopping The cash and carry format (C&C) accounts for almost half of all food retail sales in Brazil. This format has grown 2x faster than the industry average over the last 10 years. We initiate coverage on the two largest cash and carry operators with a Buy on Assaí and a Hold on Carrefour Brasil For more details on our views on the food retail sector and these two companies please refer to the report released today - the power of cash and carry #hsbcresearch; #asai3; #crfb3 HSBC

Instant Cashback up to 20% on FMCG Now Available at Over 500 Supermarkets Across Egypt For the first time in Egypt, shoppers can enjoy instant cashback on their favorite fast-moving consumer goods (FMCG) at more than 500 supermarkets across the country. This groundbreaking initiative allows consumers to receive immediate cashback on everyday essentials—ranging from groceries to household products #cashback #savings #FMCG #ecommerce #fintech

The news about the UK’s leading supermarkets transitioning to card-only payments this year isn’t going away! According to a recent Time Out Group plc article, supermarkets like Tesco, Asda, and Waitrose are transitioning to card-only payments, impacting cafes and petrol stations. The fundamental changes include:   ▪ Tesco: 40 cafes going cash-free. ▪ Asda: 68 more petrol stations going card-only. ▪ Waitrose: All self-service tills now card-only.   While digital payments offer convenience and faster service, maintaining both cash and card options is essential for inclusivity. Cash remains vital for those who prefer it, such as the elderly or children without bank accounts. Balancing both methods ensures everyone has access while embracing innovation.   Read the full article here: https://lnkd.in/gRbYeYjA   #Payments #Inclusion #RetailTech

The Grocery Commissioner's supermarket report out today is a scathing review of an industry that continues to treat consumers and suppliers badly. The Grocery Action Group applauds the Commissioner's report and agrees much more needs to be done. The report finds: the wholesale market doesn't work; suppliers are still being bullied; land banking needs to be stopped; the regulator needs more tools to force structural change like forced divestment. And of most importance Kiwi consumers need a fairer deal at the checkout. The Grocery Action Group continues to fight for these changes. https://lnkd.in/gaHFNR7W

UPI QR payment acceptance comes to UAE. Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, in partnership with NPCI International Payments Limited (NIPL), has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments across Network’s point-of-sale (POS) terminals in the UAE. The announcement was made at an event held in Dubai in the presence of His Excellency Satish Kumar Sivan, Consul General of India to the UAE along with senior representatives from Network International and NPCI International. The initiative will facilitate seamless transactions for Indian tourists across Network International’s vast merchant network in the UAE. Network has over 200,000 POS terminals across 60,000+ merchants in sectors including retail, hospitality, transport, and supermarkets among others. UPI acceptance will be rolled out progressively, covering a wide range of establishments from retail stores and dining outlets, as well as tourist and leisure attractions including Dubai Mall and Mall of the Emirates. Source: https://lnkd.in/eHwBnXZs Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #paymentindustry #digitalassets #fintech #financialtechnology #financialservices

Back to Basics! Recent IT meltdowns at Sainsburys's and Tesco, coupled with similar incidents at McDonald's, underscore the crucial role of cash payment options. With stores going cash-only and online deliveries halted, these disruptions serve as a reminder of the reliability and necessity of cash transactions. In an increasingly digital world, the importance of diverse payment methods cannot be overstated. https://lnkd.in/epepGyC6 #CashIsKing #paymentoptions #retail #cashmanagement

✋Hands up if you remember the days when you had to pop into the shop to pay for your petrol. Yes, Gen Z, that was a real thing. ⛽You’d fill up your tank, head inside, grab a Lucozade and a Mars Bar, and maybe dream about hitting the jackpot on the National Lottery while you queued up to pay for 'Pump #3'. Times have moved on. Convenience stores now have to go the extra mile to entice people in with loyalty schemes, special offers, and made-to-order food and drinks. PLUS, in the age of rapid delivery, there’s even more pressure to offer a smooth, quick service that gets customers back on the road in no time. Just like 'Pay at the Pump' transformed fuelling, retail technology is shaping the future of convenience stores. 🔗 Look at our ‘Future of Convenience Stores’ report in partnership with Incisiv for insights from key players in this sector: https://bit.ly/3NdA81K

New Zealanders' retail spending remained challenging for retailers in May, but there were improvements for several sectors over the Mother’s Day weekend, according to payment service company Worldline NZ. #InsideRetail #Retail #retailnews #retailer #improvement #payment

☕💳 Gloria Jean’s Coffees is joining the cashless movement at its company-owned stores starting September 11, reflecting Australia’s broader shift towards digital payments. While this aligns with consumer preferences for speed and convenience, it also raises important questions about inclusivity and access. From a merchant’s perspective, going cashless can streamline operations, reduce cash handling costs, and enhance security for staff. However, it also presents challenges, such as the need for robust digital infrastructure and the potential loss of customers who prefer cash transactions. As more businesses follow suit, striking a balance between innovation and inclusivity will be key to ensuring no one is left behind. What challenges do you see as Australia moves towards a cashless society? #CashlessSociety #Payments #DigitalPayments #FinancialInclusion #RetailInnovation #Australia

🛒 What's Your Thoughts? 🤔 It's encouraging to hear about the price drop on 4,000 products, but what exactly is included in this reduction? 📉 Tesco's commitment to affordability, through 'Aldi Price Match' and 'Clubcard promotions,' aims to ease financial burdens. However, I do find it frustrating to see prices rise so much that the 'Clubcard price' matches my previous shop's original price or when promotions focus on less desirable items. Personally, I alternate between Aldi and Tesco. While Aldi offers competitive prices, I often find myself returning to Tesco as I struggle to find all the items I need. 🛍 Who's your go-to supermarket? #Tesco #Aldi #Affordability #Costofliving #Clubcard #BBC