Payments News

On The Web

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Tech

Tesco Opens Its First Checkout-free Store in London

“UK supermarket chain Tesco has opened its first checkout-free store in central London, enabling customers to check in at the store entrance with a smartphone app, select the products they want and leave without needing to scan their purchases or pay for them at the checkout.”
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Tech

Potential Starbucks Partnership Shows Amazon’s Ambitions for Its Cashierless Retail Technology

“Could Starbucks give Amazon’s retail technology a jolt? A report this afternoon by the Insider news site , citing an internal document, says the Seattle companies have discussed creating a new style of coffee shop featuring Amazon’s “Just Walk Out” technology. The co-branded stores would let people buy beverages, baked goods and hot foods without […]
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Domains

The Point of Sale Isn’t Just Changing — It Could Disappear

“One of the most significant new trends is consumers’ strong interest in checkout-free retail, in which payments are handled almost invisibly, according to new research from Arizent, the parent company of American Banker. This stands in contrast to the backlash against checkout-free retail prior to the pandemic, when the concept was seen as discriminatory against […]
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Tech

Checkout-free Store’s Daily Customers Jump 250%

“A new autonomous convenience store in the Vantage Pointe luxury high-rise community in San Diego is off to a roaring start. Artificial intelligence (AI) and computer vision technology provider Accel Robotics opened Valet Market, a 1,500-sq.-ft. autonomous store within Brookfield’s Vantage Pointe in San Diego’s East Village, on Friday, June 11, 2021. In the first […]
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Tech

Amazon Go Rival Bets Pandemic Made Case for Cashierless Stores

“A startup selling Amazon Go-like checkout technology to retailers has raised money from investors at a $1 billion valuation, minting a new unicorn a year into a pandemic that has helped bolster the case for cashierless stores. Standard Cognition Corp., based in San Francisco, offers a package of cameras and software that tracks browsing shoppers and automatically charges them […]
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Tech

Checkout-free Shopping: It’s Bigger Than You Think

“Cashierless checkout won’t merely restructure retail business models: It will disrupt the entire payments industry. A few years ago, Amazon made headlines with its Amazon Go stores where shoppers simply retrieve items from shelves and walk out. This process has often been dubbed “cashierless checkout” but would be more accurately described as “checkout-free shopping,” as […]
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Tech

Dunkin’ to Pilot Checkout-Free Store in California

“Customers of US coffee chain Dunkin’ in California will soon be able to walk into a store, pick up a coffee and pay for it from their mobile phone without having to pre-order, interact with staff, wait to pay at a checkout or scan goods at a kiosk. The chain is to pilot the checkout-free […]

On The Wires

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Deals

Grabango Raises $39M As It Scales Up Its Checkout-Free Technology

“Grabango, the leading provider of checkout-free technology for existing grocery and convenience stores, announced today that it has raised $39 million in Series B funding. The round was led by Commerce Ventures with participation from Founders Fund, Unilever Ventures, Honeywell Ventures, and WIND Ventures. All participants share Grabango’s vision for modernizing the retail industry and […]
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Tech

Zippin Announces World’s First Checkout-Free Hotel Store in Yokohama, Japan

“Zippin , an industry leader in checkout-free technologies for brick-and-mortar retail, today announced the launch of its latest retail format: a hotel convenience store. Zippin’s partner, Fujitsu, the leading systems integrator in Japan, has worked with Koyo Group to implement the world’s first checkout-free store within a hotel at the Yokohama Techno Tower Hotel . It […]