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

Autonomous Store Checkout Systems On Fast Track

By Raymond Pucci
July 8, 2020
in Analysts Coverage, Emerging Payments, Merchant, Payment Automation
0
4
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Autonomous Store Checkout Systems On Fast Track

Autonomous Store Checkout Systems On Fast Track

Autonomous store checkout developers were already working with merchants to install their systems. Now the COVID-19 pandemic has influenced consumers to try contactless ways to shop and pay, which is exactly the strong value prop that autonomous checkout offers. Developer AiFi announced a major growth plan to over 300 stores by the end of 2021. Amazon pioneered the walk-in, walk-out store shopping model with Amazon Go C-stores, and has recently opened a Go Grocery version. Meanwhile other developers including Grabango, Standard Cognition, and Zippin have stores in play. Expect to see more of these autonomous checkout stores, including in venues such as airports and malls. Contactless shop and pay is here to stay.

The following Vending Market Watch article reports more on the topic:

 AiFi, the technology company creating the world’s most advanced store automation system, is on track to deploy 330 new and retrofitted autonomous stores by the end of 2021. Today, AiFi’s OASIS, the Orchestrated Autonomous Store Infrastructure and Services, is already powering 10 futuristic stores in a variety of sizes in Silicon Valley, Los Angeles, and San Antonio in the U.S., in Amsterdam, Dusseldorf, Paris, and Poznan in Europe and in the city of Shanghai in Asia.

In addition to the publicly known partnerships with Albert Heijn, Carrefour, Żabka, and Loop Neighborhood, AiFi is also actively deploying autonomous stores with several prominent companies listed among the top 10 grocery retailers–both nationally and internationally. The 330 AiFi OASIS-based autonomous stores range from 800-square-foot convenience stores and travel shops to 10,000-square-foot grocery stores. They are located primarily in the U.S. and Europe, with additional stores coming to Australia, Asia, and South America.

“We are going to see explosive growth in autonomous stores. With the onset of COVID-19, the need is even more urgent for a contactless and autonomous retail store where you can shop and feel safe in a physical environment,” said Steve Gu, CEO and Co-founder, AiFi. “The 10 deployed stores are operational or in advanced stages of testing. These stores have proven to be stable, accurate, and popular among shoppers who love the lightning speed and fluid retail experience.”

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

4
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: AifiAmazon GoAutonomous CheckoutGrabangoStandard CognitionZippin

    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

    push notification bank

    From Bland to Beneficial: Using Push Notifications to Reach Business Customers

    May 16, 2025
    recurring payments, PCI Compliance for small business, Fintech for Underserved Small Businesses

    Tariffs May Create an Opportunity in Small-Business Cards

    May 15, 2025
    Using the Card “Beyond” Payments to find the Holy Grail

    Using the Card “Beyond” Payments to find the Holy Grail

    May 14, 2025
    Payments Modernization

    Playing Offense and Defense: Why Now Is the Time for Payments Modernization

    May 13, 2025
    Authorization Rates

    Boosting Revenue for Merchants by Optimizing Authorization Rates

    May 12, 2025
    Why Payment Orchestration is the key to international merchant growth

    Ensuring Payment Decisions Pay for Themselves

    May 9, 2025
    cross-border

    As Businesses Reevaluate Cross-Border Relationships, Financial Institutions Can Help

    May 8, 2025
    Nacha WEB Debit Account Validation Rule Verification Solution, Quovo ACH Payment

    The Brave New Future of the Disappearing Account

    May 7, 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