Skip to content
June 1, 2023
  • Disclosure Policy
  • Sitemap
  • Advertise Here
  • Contact Us

Official Outlet

trending business in the world

  • Blog Article
  • Business insurance
    • Small Business Ideas
    • Global Business
    • International Business
  • Business analyst
    • Business plan
    • Business insider
    • Business strategy
  • Business management
    • Sales Management
    • Strategy Management
    • Project Management
    • Profitable
  • Opportunity
    • Entrepreneurship
    • Business leadership
  • Human Resource
    • Team Building
    • Business News
    • Employment
    • Profesional Service
Watch Online
  • Home
  • Business insurance
  • British tech start-up takes on Amazon in the battle for the High Street
  • Business analyst
  • Business insider
  • Business insurance
  • Business management
  • Small Business Ideas
  • Strategy Management

British tech start-up takes on Amazon in the battle for the High Street

Adiantku 2 years ago 3 min read

Forbes 30-under-30 alumnus goes head-to-head with Amazon with smartphone-based retail checkout solution

In 2015, MishiPay CEO Mustafa Khanwala waited 20 minutes in a supermarket line to pay for a can of drink. The queue gave him time to consider retail’s most persistent pinch point and trigger the development of MishiPay: a high concept Scan & Go solution that promises to truly revitalise retail.

Khanwala wasn’t the only one thinking about the costly problem of check-out queues, but he is the only one to have found a viable answer, and now the Forbes 30-under-30 alumnus is going head-to-head with Amazon with smartphone-based tech that promises to truly revitalise retail.

The checkout queue has been with us since Memphis retailer Piggly-Wiggly introduced it to the world in 1916, and the model has remained fundamentally unchanged for 104 years.

Self-scan checkouts, introduced in 1992, are both unpopular and inefficient, and Amazon Go’s high-tech camera-based system is too costly to install and too limited in its capabilities for many stores. Neither allows the global retail industry to sidestep the $300 billion cost of queueing and make the long-awaited leap to checkout-free shopping.

MishiPay’s Scan & Go technology makes that evolution possible. In a beautifully simple and hugely liberating process, customers use their smartphones to scan and pay for goods, then leave the store without ever needing to waste time waiting in a queue.

Unlike complicated in-store camera-based alternatives, the MishiPay solution is scaleable, affordable, easily integrated into backroom systems and can be fully operational in as little as three weeks.

For customers, the advantages go beyond the elimination of check-out queues. The shopping experience can be personalised for users with bespoke offers, enriched product information and real-time promotion information synthesising the convenience of online shopping with the instant gratification of physical shopping.

For retailers, it’s not just about reclaiming checkout space. By offering customers queue-free shopping, the $250 billion issue of abandoned baskets is resolved. Analysis shows that through data insights, retargeting and ease of use, basket values can be increased by as much as 36{0018ee5a413206d5867d4650a6cb0bf5e2f9c77ab1c1dc5336e75263ef8a33b4}. Scan & Go can be embedded in existing store apps and can be used to read any type of barcode on any type of product. Staff formerly engaged in check-out operations can be redeployed to deliver value in other areas of the store and the switch to digital receipts could save an estimated 11M trees per year.

MishiPay’s Scan & Go technology has already been adopted by some of the world’s most innovative retailers, including MUJI, Flying Tiger Copenhagen, SPAR and most recently, Paradies Lagardère.

“With MishiPay we are leading the evolution of retail and our technology works for any product, in any store,” said CEO Mustafa Khanwala. “We’re superfast, superscaleable and can go from contract to live within just three weeks. With Scan & Go we’re putting the checkout in the customer’s pocket and bringing the biggest change to the High Street in more than a century.”

Read more:
British tech start-up takes on Amazon in the battle for the High Street

Source link

Continue Reading

Previous: Pru Life UK receives four Golden Arrows for solid corporate governance
Next: Facebook will not notify over 530m users exposed in 2019 breach

Related Stories

Dry, The Beloved Country 8 min read
  • Business analyst

Dry, The Beloved Country

Adiantku 1 year ago
Best Careers For The Future To Focus On Today 8 min read
  • Business insurance

Best Careers For The Future To Focus On Today

Adiantku 1 year ago
How Do I Innovate My Business To Grow My Business Without Increasing Costs 8 min read
  • Business insurance

How Do I Innovate My Business To Grow My Business Without Increasing Costs

Adiantku 1 year ago
How To Find The Best Horse Racing Bet Using The Pools 9 min read
  • Business analyst

How To Find The Best Horse Racing Bet Using The Pools

Adiantku 1 year ago
Corporate Team Building FAQs 10 min read
  • Business management

Corporate Team Building FAQs

Adiantku 1 year ago
Corporate Team Building 8 min read
  • Business insurance

Corporate Team Building

Adiantku 1 year ago

Recent Posts

  • Dry, The Beloved Country
  • Best Careers For The Future To Focus On Today
  • How Do I Innovate My Business To Grow My Business Without Increasing Costs
  • How To Find The Best Horse Racing Bet Using The Pools
  • Tenders And How They Can Add To Your Business

Categories

  • Blog Article
  • Business analyst
  • Business insider
  • Business insurance
  • Business leadership
  • Business management
  • Business News
  • Business plan
  • Business strategy
  • Employment
  • Entrepreneurship
  • Financial
  • Global Business
  • Human Resource
  • International Business
  • Opportunity
  • Profesional Service
  • Profitable
  • Project Management
  • Sales Management
  • Small Business Ideas
  • Strategy Management
  • Team Building

About Us

  • Disclosure Policy
  • Sitemap
  • Advertise Here
  • Contact Us

recomendation

martine roch
honda math
run2game
dragonfly business
thehellenicvoice
ujc madrid
mercosur digital
momasstube
sciencefile
sdiwc
soldering point
home ideas finder

martineroch dragonflydoces thehellenicvoice harianbhirawa nortoncom hungerking rexrothpneumatics rssoundingboard bassoatesino dsdukes torgodevil the lorenz

You may have missed

Dry, The Beloved Country 8 min read
  • Business analyst

Dry, The Beloved Country

Adiantku 1 year ago
Best Careers For The Future To Focus On Today 8 min read
  • Business insurance

Best Careers For The Future To Focus On Today

Adiantku 1 year ago
How Do I Innovate My Business To Grow My Business Without Increasing Costs 8 min read
  • Business insurance

How Do I Innovate My Business To Grow My Business Without Increasing Costs

Adiantku 1 year ago
How To Find The Best Horse Racing Bet Using The Pools 9 min read
  • Business analyst

How To Find The Best Horse Racing Bet Using The Pools

Adiantku 1 year ago
  • Disclosure Policy
  • Sitemap
  • Advertise Here
  • Contact Us
  • Disclosure Policy
  • Sitemap
  • Advertise Here
  • Contact Us
Copyright © 2021 Officialreligionoutlet.com. All rights reserved. | Kreeti by AF themes.