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Digital Transactions

All articles tagged with #digital transactions

business2 years ago

Fast-food chains embrace digital payments, leaving cash behind

Taco Bell's parent company, Yum Brands, is reportedly planning to transition to 100% digital transactions, eliminating cash payments. The change would involve more customers using the restaurant's website, mobile app, or kiosks to place orders. Yum Brands, which also owns Pizza Hut and KFC, revealed the plans during an earnings call, citing a significant increase in digital sales and the implementation of kiosks in all stores. No specific timeline for the transition was provided.

via AL.com|
#business#cashless-payments#digital-transactions
finance2 years ago

Assessing the Impact of India's Rs 2,000 Note Withdrawal

The RBI's decision to withdraw Rs 2,000 notes will likely be a "non-event" due to the rise of digital transactions in India, according to an SBI Research report. The report said that the decision will actually have a favourable bearing on liquidity, bank deposits and interest rates. The share of small denomination notes (upto Rs 100) in total has declined progressively to 9.0% from 26.7% in 2017 in value terms and to 58.8% from 90.8% in 2017 in volume terms. Meanwhile, UPI has emerged as the most popular and preferred payment mode in India accounting for about 73% of the total digital payments.

via Indiatimes.com|
#currency-notes#demonetisation#digital-transactions
business2 years ago

Sweetgreen narrows losses and aims for profitability in Q1 2023.

Sweetgreen reported a narrower-than-expected loss in Q1 2022, with net sales climbing 22% YoY to $125.1 million and same-store sales rising 5%. The salad chain is aiming to turn a profit for the first time by 2024 and is taking a more conservative approach to entering new markets, cutting support-center costs, and simplifying its management structure. Digital transactions accounted for 61% of sales, down slightly from a year earlier, and the company plans to open between 30 to 35 new locations in 2023, including two restaurants with automated kitchens.

via CNBC|
#business#digital-transactions#profitability