Is retail ready for a cashless society? – Retail Technological Innovation Center

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Ecommerce grew 46% in 2020 alone. This is the biggest increase in a decade, and while restrictions on physical purchases have largely paved the way, the ease of e-commerce transactions will surely have left. the sign.

Add to this the fact that major retailers like Amazon are trying same-day deliveries and we may soon see ecommerce sales outstripping traditional retail.

By making sure to keep a finger on online sales even when brick-and-mortar stores reopen, retailers can certainly put themselves at the forefront of cashless transactions – all without really having to change what they’ve been doing up until now.

An expansion of payment options

Retailers should also start considering expanding their payment options to ensure continued accessibility despite the changes.

While cash or cards were the only options a decade ago, it’s hardly unusual to see retailers now accepting everything from Google Pay transactions to general mobile payments.

Retailers like Lush and Shopify are now also accepting cryptocurrency payments with an accounting wallet, and many more will be joining them soon. Quite simply, the more payment options retailers offer, the better ready they will be to switch cashless.

A reliable EPoS

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