Today in the Connected Economy: Cashless Red Sox

Today, in the connected economy, the Boston Red Sox become the latest sports franchise to go cashless, opening Fenway’s season with card or contactless payment only.

Additionally, TikTok owner ByteDance is launching a new music streaming service, and the New York International Auto Show (NYIAS) is returning with automakers showcasing new digital features.

Boston Red Sox go cashless

For the first time in the team’s 100-year history, the Boston Red Sox will not accept cash for concessions and memorabilia.

The team said the change would be in effect when it opens its season on Friday, meaning anyone wishing to purchase food or drink at Fenway Park would have to do so using a credit or debit card or through contactless payments with their smartphone.

The Tampa Bay Rays became the first major sports franchise in America to go cashless at home games in 2019.

TikTok owner ByteDance is advancing the music streaming service on the continent

ByteDance, which owns and operates popular short-video sharing platforms TikTok and Douyin, has launched a music streaming app as it seeks to compete with market leaders operated by Tencent Holdings and NetEase.

Known as Qishui Yinyue, or Mandarin soda music, the app was updated earlier this week following its March release.

Qishui Yinyue operates similarly to Resso, the ByteDance music streaming app launched three years ago in some overseas markets.

“Soda Music is an app based on Douyin’s continued music efforts,” a Douyin spokesperson said in a statement. “Douyin launched it as a standalone app to better serve our users as well as artists in the industry.”

Digital features grab headlines with the return of the in-person auto show

The New York International Auto Show (NYIAS) returned this week as a live event, though much of the news surrounding the show – April 15-24 – focuses on the digital world.

For example, VinFast Automotive will showcase Plug & Charge technology when introducing its electric vehicles (EVs) to America this year. Made possible through a collaboration with the Electrify America charging network, this technology allows drivers to pay for a charging session simply by plugging in their electric vehicle after setting up their billing information on the VinFast app.

Additionally, Hyundai has rolled out its first vehicle with Wi-Fi hotspot capability – the Palisade 2023 – which also comes with enhanced wireless charging capability for faster device charging.

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NEW PYMNTS DATA: THE FUTURE OF BUSINESS SUPPLIER INNOVATION STUDY – APRIL 2022

Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Find out how all-in-one payment solutions can help businesses streamline B2B transactions and eliminate transaction friction. AP and AR management

On: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow visibility, 56% believe the solution could be difficult to integrate with AP systems and existing ARs. The Future Of Business Payables innovation report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed customer expectations. SMEs and help sustain their activities.

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