THE IN-STORE CHECKOUT REVOLUTION: How payments companies can take advantage of a $21 billion opportunity
This is a preview of The In-Store Checkout Report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all E-Commerce industry research reports.
Although there are only a handful of autonomous checkout stores today, the technology has seismic repercussions for in-store retail. These stores, which allow consumers to walk in, grab what they want, and exit without physically checking out, are setting a new standard for convenience in the in-store shopping experience.
Much like card payments improved the experience of fumbling for cash and waiting for change, a checkout-free experience will consistently reduce time and effort: Consumers will be able to pay automatically after identifying themselves via a profile with a preselected payment method.
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See Also:
- US retail's foot traffic bounce-back has stalled as the number of coronavirus cases picks up in several states
- US digital travel sales will fall 45% this year, down more than $93 billion
- COVID-19's impact on the worldwide retail market will be worse than the 2009 financial crisis
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