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Cashierless Technology that allows the consumers to "Just Walk Out" with automatic payments taking digital payments to next level
What Problem?
Customers spend a lot of time in ques at stores with lots of manual errors and check points , This makes the whole shopping experience sometimes not fun and chaotic, Also the shopper tend to be lost in stores to search for goods and services and understand ongoing offers.
What Solution?
Banks working to create platforms and services to make the whole shopping experience cashier less for customers. Banks can work with other tech providers to automate the shopping and payment experience. This is the next phase of mobile payments and automatic Kiosks that are still not able to solve the problem.
Why is it Unique?
AI Enabled & Smart: Platforms powered with AI, sensors and smart cameras making the whole shopping experience cashier less and automated
Advanced Security: Use of new technologies such as biometrics and facial recognition will also help reduce frauds
More Value: The integrated platform can allow to not only automate payment process but also streamline operations
Upselling: Customers can avail offers using the banking apps providing an opportunity to upsell other products
Case Study
Amazon's Go stores were designed to be high-tech shops equipped with cameras and sensors that can detect when products are taken and returned to shelves. Customers can grab any item they want, which will be added to their virtual cart for online payment, and then walk out of the store without having to pass by a cashier. Amazon Operates 20 cashierless stores in USA.
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