Why are Apple Pay, Starbucks' app, and Samsung Pay so much more successful than other wallet providers?

BI Intelligence

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In the US, the in-store mobile wallet space is becoming increasingly crowded. Most customers have an option provided by their smartphone vendor, like Apple, Android, or Samsung Pay. But those are often supplemented by a myriad of options from other players, ranging from tech firms like PayPal, to banks and card issuers, to major retailers and restaurants.

With that proliferation of options, one would expect to see a surge in adoption. But that’s not the case — though Business Insider Intelligence projects that US in-store mobile payments volume will quintuple in the next five years, usage is consistently lagging below expectations, with estimates for 2019 falling far below what we expected just two years ago. 

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• A former Royal Caribbean worker reveals the one question you should always ask cruise ship employees
• We talked to 4 VCs who backed fintechs like Stripe, Square, and TransferWise about the hottest trends to watch in the payments space
• The growing market share of nonbanks and alternative financing in the online mortgage lending industry

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THE STORIES REPORT: How brands can take advantage of the viral growth of the Stories format (FB, SNAP, GOOGL)

This is a preview of The Stories Report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Digital Media industry research reports. Stories are on track to become the main format for social media consumption, providing brands with a massive and vital opportunity to reach consumers.

 Facebook CEO Mark Zuckerberg claims the format will supplant News Feed use as soon as mid-2019, a much quicker pace than the social network anticipated. Combined, Stories features on Facebook-owned platforms command a whopping 1.5 billion daily active users (DAU), though some may be double-counted.

Snapchat's audience is significantly smaller, though still sizable at 190 million DAU as of Q1 2019. Stories-centric features have also emerged on several other platforms, including YouTube, Google search results, and even LinkedIn.

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• SOCIAL VIDEO REPORT: Social media video marketing trends for Youtube, Facebook, Snapchat, Tik Tok & other top social media companies in 2020
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'Bloomberg Technology' Full Show (12-31-19)

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THE GLOBAL 5G LANDSCAPE: An inside look at leading 5G markets, key players, and how they are defining the future of connectivity

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• 14-Day Risk Free Trial: Get full access to this and all Connectivity and Tech industry research reports.

The next generation of wireless is here, and several countries are locked in a fierce battle for the top spot in global 5G development. Telecoms in 18 countries will roll out 5G networks by the end of this year, and by 2020 over one-fifth of the world's countries will have launched 5G services.

Business Insider Intelligence

Securing global 5G leadership is a national priority for many countries because the winner is expected to secure more than a decade of competitive advantages. The spread of 5G is pivotal for the connected world — its technical upgrades will supercharge adoption of transformative technologies and strengthen the value of old ones.

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Drugmakers from Pfizer to GSK to hike US prices on over 200 drugs, as prescription drug prices become a hot 2020 campaign topic

Reuters

• Drugmakers including Pfizer Inc, GlaxoSmithKline PLC, and Sanofi SA are planning to hike US list prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors.
• Nearly all of the price increases will be below 10%, and around half of them are in the range of 4 to 6%, said 3 Axis co-founder Eric Pachman. The median price increase is around 5%, he said.
• More price increases are expected to be announced later this week, which could affect the median and range.
• Soaring US prescription drug prices are expected to again be a central issue in the presidential election. President Donald Trump, who made bringing them down a core pledge of his 2016 campaign, is running for re-election in 2020.
• GlaxoSmithKline said it will raise prices on more than 30 drugs. The company will raise prices on the blockbuster respiratory treatments it delivers through its Ellipta inhaler, its recently acquired cancer drug Zejula and on several products in its HIV-focused ViiV joint venture, according to 3 Axis Advisors.
• Visit Business Insider's homepage for more stories.

NEW YORK (Reuters) - Drugmakers including Pfizer Inc <PFE.N>, GlaxoSmithKline PLC <GSK.L> and Sanofi SA <SASY.PA> are planning to hike U.S. list prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors.

Nearly all of the price increases will be below 10%, and around half of them are in the range of 4 to 6%, said 3 Axis co-founder Eric Pachman. The median price increase is around 5%, he said.

See the rest of the story at Business Insider

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• 50 foods that Costco employees and members love
• Modi's party is experiencing a backlash that's left 21 people dead after India passed a law considered anti-Muslim

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Asian countries watch as Singapore expands ‘war on diabetes’

Absolute advertising ban proposed on high-sugar drinks as part of fight against disease

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Fatal Tesla Crash Near Los Angeles Being Investigated by NHTSA

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F.D.A. Plans to Ban Most E-Cigarette Flavors but Menthol

The tobacco and vaping industries and conservative allies intensively lobbied against a ban on popular flavored e-cigarettes.

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The Stories Slide Deck: How Stories stack up across social platforms (FB, SNAP)

In the last few years, there’s been a major shift as to how consumers interact with social media.

Rather than posting content that lives on the platform in perpetuity, users are now posting and viewing more “Stories,” video or images that live for only 24 hours.Business Insider Intelligence

Many platforms have introduced some form of Stories format — whether it be Facebook, Instagram, Snapchat or WhatsApp. Snapchat was the company to introduce it to the world, but Instagram has surpassed it in terms of volume and perhaps usability.

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• We revisited our 2019 commerce predictions to see how they fared at the year's conclusion
• Digital health leaders share their views on what's to come in 2020
• Verizon wants to become the first carrier to use its 5G network to connect 1 million drone flights

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Why mature dating apps are coming of age

An increasing number of older people are turning to dating apps for mature people, in a quest for love.

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'Bloomberg Markets: The Close' Full Show (12/31/2019)

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U.S. auto safety agency to investigate fatal Tesla crash in California

The fatal Dec. 29 crash of a Tesla Inc vehicle in Southern California will be investigated by the U.S. government's auto safety regulator, the agency said on Tuesday.

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The Trump Administration is reportedly banning all sweet and fruity vape pod flavors nearly a year after the move was first outlined

Associated Press

• The Food and Drug Administration will implement a ban on all flavored e-cigarette pods except tobacco and menthol varieties as part of an attempt to curb youth vaping, Trump Administration officials told multiple news outlets on December 31, 2019.
• The ban would exclude open-tank vaping devices, a compromise made for small businesses.
• According to The Wall Street Journal, those devices are often found at vape shops and "allow users to mix their own nicotine liquids." Open-tank vaping devices are not as popular with young people.
• The move also comes at the height of a public safety scare related to a growing spate of serious lung diseases tied to vaping.
• Visit Business Insider's homepage for more stories.

Nearly a year after federal regulators first outlined a sweeping proposal to ban the sale of sweet and fruity flavored e-cigarettes, the Trump Administration will put a ban on certain flavored vaping cartridges.

As first reported by The Wall Street Journal, the FDA plans to prohibit the sale of all flavored vaping pods except tobacco and menthol varieties as part of an attempt to curb the rise of youth vaping. The Journal, citing officials, said the official announcement is expected on Friday, 

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NOW WATCH: The Marvel movies pay incredible attention to the physics of Captain America's shield

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SEE ALSO: The precarious path of e-cig startup Juul: From Silicon Valley darling to $24 billion behemoth under criminal investigation

DON'T MISS: Officials have confirmed 34 deaths and more than 1,600 cases of serious lung disease tied to vaping. Here are all the health risks you should know about.

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THE TELECOMS & TECHNOLOGY FORECAST BOOK 2019: How to navigate the quickly evolving mobile, communications, and technology space (AMZN, BABA, TCEHY, AAPL, GOOGL, SNAP, TMUS, UPS, S, VZ, ROKU, SSNLF, MSI)

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

5G is coming, and wireless networks are poised for transformation thanks to its blazing fast connections, near-instantaneous response times, and massive device support. The networks will support over 1.5 billion 5G phones in use worldwide by 2024.

Business Insider Intelligence

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• The biggest tech event of the year is right around the corner, and it'll give us our first glimpse at the trends that will define 2020 — here's what to expect
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• How to post a video on Steam using your YouTube account, and share gameplay on your profile

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