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

Supermarket Pioneers Mobile Self-Checkout In UK

By Raymond Pucci
March 12, 2018
in Analysts Coverage
0
2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Mobile payment concept, Blur supermarket background, business and financial, technology.

Mobile payment concept, Blur supermarket background, business and financial, technology.

While the Amazon Go store attracts the headlines, other merchants are adopting mobile self-checkout systems of their own. As the following article reports, UK supermarket Co-op is launching a mobile app that enables seamless payment and self-checkout for its customers.

The Co-op has become the UK’s first supermarket to introduce check-out free shopping. The firm’s no-queues policy means shoppers can simply pick up their groceries, scan them using an app on their phone and the walk out without queuing at either self-service till or staffed checkout.

The new initiative, dubbed ‘shop, scan and go’, will allow time-pressed customers to complete payments on their phones, without visiting a till, reports The Mirror. It’s currently being piloted at the Co-op’s retailer support centre store in Manchester, with a wider roll-out beginning this summer.

The scheme will allow customers to scan products on their own device as they walk around the store – known as a “frictionless shopping experience”.

When they have finished shopping, the amount they owe will then be deducted from their account with a single click. In a statement, the community retailer said it’s seen the number of cash transactions in its stores rapidly reduce over the past few years in favour of alternative – electronic – payment methods.

Statistically, cash transactions have dropped by more than one fifth over the last five years, with a 15% fall in usage in the past 18 months alone. Matthew Speight, at the Co-op, said: “It is a challenging market place for retailers, and the Co-op is responding positively.” It is all about consumer choices and convenience. We listen to our Members and customers and we are investing in our stores, people, prices, products and technology.

Elliott Goldenberg, at Mastercard UK, added: “We are bringing our online and mobile capability – Masterpass – into the physical store, and offering consumers who want a fast and frictionless buying experience, a secure and reliable way to pay.”

Mobile self-checkout has been operational at all Walmart Sam’s Clubs plus a growing number of its flagship stores. Scan and Go, as it’s called, has been successful as it provides a seamless payment as well as the convenience of not waiting in checkout lines. There is a monitor that checks receipts at the store exit. Amazon Go does not have exit monitors because its technology is more sophisticated (and costly) and basically captures shoppers’ every movement. Mobile self-checkout is here to stay—the key question is what retailers will want to spend on these systems and how it impacts their ability to capture a higher volume of profitable business.

Overview by Raymond Pucci, Associate Director, Research Services at Mercator Advisory Group

Read the quoted story here

2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: Mobile PaymentsUnited Kingdom

    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