PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

AiFi Rolls Out Larger Hybrid Checkout Store

By Raymond Pucci
December 11, 2020
in Analysts Coverage, Credit, Customer Experience, Debit, E-commerce, Merchant
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
AiFi Rolls Out Larger Hybrid Checkout Store

AiFi Rolls Out Larger Hybrid Checkout Store

Grab and go—or stop and pay. Those are the two choices at tech developer AiFi’s new autonomous checkout store in Shanghai, China. AiFi has already opened some autonomous checkout stores with merchant brands across the globe, and plans to open over 300 more in 2021. Its latest venture is an expanded C-store with a footprint of 4,000 square feet.

Customers can enter using a mobile app or payment card, select their items, and receive a digital receipt upon exiting the store—no staff interface or physical payment transaction is required. Other customers can use conventional shopping by taking merchandise to a staffed checkout lane for payment. Watch for more developers and merchants to continue with frictionless checkout as 2021 will see the most autonomous store openings to date.

The following excerpt from a Retail TouchPoints article reports more on the topic:

The AI-powered autonomous shopping experience just got bigger, in the form of a 4,000-square-foot hybrid convenience market called AI Go in Shanghai. The store combines a manned checkout with the use of computer vision as part of checkout-free shopping powered by AiFi Solutions.

Stocking 2,000 SKUs ranging from fresh meats to snacks, this store represents the largest deployment to date of the AiFi Autonomous Store Platform OASIS. Consumers shopping autonomously check in using an AiFi app, or they can continue to shop as usual with a cashier at checkout 

This new store is the largest of four stores in the city now powered by the AiFi computer vision technology, which tracks shoppers’ gestures and the items they select or put back as they travel through the store. The solution protects identities with no facial recognition or biometric data. The checkout-free option is available 24/7, while the traditional checkout stand and cashier can assist from 8 am to 11 pm. Autonomous shoppers receive receipts on their phones within seconds of leaving the store.

“The hybrid approach offers retailers a way to introduce the autonomous experience to customers and get everyone accustomed to the pleasures of no more frustrating waiting in line while simultaneously avoiding crowds, which is especially important during the pandemic,” said Steve Gu, CEO and Co-Founder of AiFi in a statement. “We are delivering a contactless, fast and enjoyable shopping experience to customers while providing detailed inventory and analytics that make for a very efficient operation for retailers. We are also completely GDPR and CCPA compliant, so no customer personal information is disclosed.

Overview by Raymond Pucci, Director, Merchant Services at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: AifiCheckoutE-commerceMobile CheckoutMobile CommerceRetail

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    conversational payments

    Conversational Payments: The Next Big Shift in Financial Services  

    December 4, 2025
    embedded finance

    Inside the Embedded Finance Shift Transforming SMB Software

    December 3, 2025
    metal cards

    Metal Card Magnitude: How a Premium Touch Can Enthrall High-Value Customers

    December 2, 2025
    digital gift cards

    How Nonprofits Can Leverage Digital Gift Cards to Help Those in Need

    December 1, 2025
    stored-value prepaid

    How Stored-Value Accounts Are the Next Iteration of Prepaid Payments

    November 26, 2025
    google crypto wallet, crypto regulation

    Crypto Heads Into 2026 Awaiting Its ‘Rocketship Point’

    November 25, 2025
    Merchants Real-Time Payments, swipe fees, BNPL

    The 3 Key Trends That Will Shape Merchant Payments in 2026

    November 24, 2025
    consumer credit

    The Young and the Restless: Marketing Credit Cards to 20-Somethings

    November 21, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result