The retail technology week in numbers

$35 million…Autonomous checkout startup Standard Cognition has closed a $35 million Series B round of financing lead by EQT Ventures with participation from Initialized Capital, CRV and Y Combinator.

40%…Shoppers increasingly have zero tolerance for poor retail offerings, according to research by payments venture Klarna.

It surveyed 2,000 UK consumers and over 250 retail decision makers. 40% of the former said just one bad experience would stop them returning to a brand. A third claimed that shopping wasn’t as fun as it used to be, with 36% feeling that what they have gained in convenience, they’ve lost in experience.

34…Online ordering platform Orderswift and logistics specialist Stuart have expanded their delivery partnership to cover 34 cities and towns around the UK. The move comes after a two-year collaboration between the two companies in London.

57% of shoppers would use voice-activated technology, such as Amazon’s Alexa, to pay for low-value goods and services, according to research by Paysafe.

58% of retail businesses are currently losing revenue due to shortcomings with their payment gateway, according to research by emerchantpay.

100 million…Trax, a Singapore-headquartered provider of computer vision and analytics solutions for the retail sector, has closed a $100 million Series D round, valuing it at over $1.1 billion.

48.4%…Electronic payments are set to surpass cash in Portugal by 2020, according to GlobalData.

Its report reveals that the share of cash in total payment volume decreased from 57.6% in 2014 to 52% in 2018 and is expected to drop further to 48.4% by 2022.

$790 billion...Consumer spend via digital wallets across Europe and North America will increase by 40% this year to nearly $790 billion, according to Juniper Research.

1,600…Vista Retail Support has completed an EPoS refresh for Lloyds Pharmacy across the UK and Ireland. The project involved the staging, delivery and installation of new EPoS systems at 1,600 Lloyds pharmacies