Ever since the first checkout-free store opened its doors in Seattle in 2016, there has been a lot of buzz surrounding Amazon Go. This retail giant recently announced that it’s opening internationally, and already setting the tone of what payments will look like in the future.
Speaking about Amazon Go model, some of its game changing aspects include, the ability to completely avoid queues, the unique sensation of walking out of a store “without paying”, and the sophisticated technology that invisibly calculates transactions. The question is, is this really the future we’re headed towards?
Retail’s high-tech shopping alternatives
Innovation is a common thing in retail space. Many retailers have already adopted and deployed advanced shopping experience like self-checkout, order-ahead app,and other virtual reality technology to help Aussie customers.
The future of Aussie payments
As consumer demands continue to evolve, and technology becomes more affordable, we can expect to see further innovation. Technologies like AR or augmented reality are expected to become more commonplace in app-based shopping experiences. In addition to fingerprint, voice and facial recognition, biometrics will also play a greater role in the payments ecosystem.
Source: Inside Retail
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