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The National Retail Federation (NRF) forecasts that 2022 holiday retail sales will grow between 6% and 8% over last year, and could reach $960 billion. According to Adobe, U.S. shoppers spent $35.27 billion online overall during Cyber Week, the period from Thanksgiving through Cyber Monday. That’s a 4% gain over last year at a time when U.S. inflation is running more than 7%. Meanwhile, more than 122.7 million people visited brick-and-mortar stores over the Black Friday weekend, up 17% from 2021.

While some may argue this year’s solid sales gains are the direct result of pent-up demand, there is another force supporting holiday sales this year – innovative payment platforms and services. Orion’s Financial Services Leader, Anoop Gala shares his perspective on how frictionless payment platforms are driving strong holiday sales.

Click here to read the full article on Finextra.

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