How Does Technology Help Retail During Pandemic

Published: 16 September 2020 y., Wednesday

The coronavirus continues to change the habits and needs of shoppers around the world. The WHO does not make strong recommendations on limiting the use of cash, but contactless payments gain popularity. Supermarkets increase the number of self-checkouts to reduce direct contact between cashiers and customers.

Penkių kontinentų bankinės technologijos (BS/2), a company belonging to the Penki Kontinentai Group and specializing in banking and retail solutions, notes the demand for self-service systems in the South Caucasus region.

In the first two quarters of 2020, sales of BS/2 retail equipment have tripled compared to the same period last year, mainly due to the Azerbaijani market.

“The retail industry is transforming due to the pandemic. Malls compete for customer attention, but in a different form. Retail technologies will be a vital tool in helping stores find a balance between safe distancing and profitability. Our company analyzed the Azerbaijani market, made a proposal to partners and made adjustments following the needs of customers. Efforts have borne fruit. In June we almost met our annual sales target,” says Emil Musayev, Head of Retail Equipment Sales at BS/2.

According to him, e-commerce in Azerbaijan is not sufficiently developed in comparison with other countries. Therefore, all the attention is focused on the development of a self-service channel. On the other hand, the increased interest is due to the desire to minimize contact between the seller and the buyer. Self-service checkout allows customers to scan goods without a cashier, use a loyalty card, pay with a bankcard, and get a check. That means shoppers can make purchase in-store on their own.

Another trend characteristic of Transcaucasia is the dominance of cash. Taking into account the market specifics, BS/2 integrated into self-service checkouts the function of payment for goods by both payment cards and cash. In cooperation with the manufacturer of banking and trade equipment Diebold Nixdorf, the company's specialists have adapted the currency file to work with banknotes and coins of this country.

Subsidiary BS/2 presents in its Baku office Diebold Nixdorf demonstration self-checkout system, which accepts the local currency (manats and qepiks). Such systems can appear in the malls this year.

In Azerbaijan, BS/2 cooperates with the largest retail chains Bravo, Bazarstore, ARAZ, RAHAT, and supplies not only cash systems but also various equipment for weighing, cutting, marking, and operating. BS/2 solutions automate the work of retail chains, speed up the work of staff, reduce queues, and contribute to customer loyalty. BS/2 subsidiary in Azerbaijan also provides equipment maintenance and repair services.

Šaltinis: Penki kontinentai
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment

     

 


Captcha
 

Associated articles

BasisBank improves ATM Cash Planning with Cash Management.iQ

Georgian BasisBank has implemented the cash flow management and forecasting software Cash Management.iQ. One of the benefits of cash management software is decreased operational costs associated with the ATM network. Cash professionals of the bank are equipped with real-time cash... more »

BasisBank improves ATM Cash Planning with Cash Management.iQ

Georgian BasisBank has implemented the cash flow management and forecasting software Cash Management.iQ. One of the benefits of cash management software is decreased operational costs associated with the ATM network. Cash professionals of the bank are equipped with real-time cash monitoring tools to manage the amount of CIT visits as well as cash inventory and ATM availability KPIs. more »

Penki and 5 facts about television

World Television Day is celebrated around the world on 21 November. We are glad to contribute to the development of television in Lithuania. In 2006, we were the first in the country to offer PENKI IPTV services. more »

Amid Pandemic, Internet Traffic Breaks Records

The coronavirus closed more than half of humanity at home in the spring. Today, it attacks again. Coronavirus affects Internet traffic. It has grown by a third, said the Internet provider Penki. more »

Hindsight: From Ritty's Incorruptible Cashier to Self-Checkout

November 4, 1879, is the birthday of the cash register. Today it is impossible to imagine modern trade without the use of cash registers. They are everywhere: in shops, cafes, and post offices. Who came up with the idea to keep track of cash using the cash register? more »

Vynamic Marketing. How to attract new customers and personalize ads using ATMs

Restrictive measures related to the spread of the COVID-19 pandemic have changed the way banks serve their customers. ATMs and other terminal devices have become a real alternative to traditional service in bank branches. more »

Fiber-Optic Internet Penki Will Celebrate its 22nd Birthday

In Lithuania, the era of fiber-optic Internet began on October 28, 1998, when Penkių kontinentų komunikacijų centras, a member of the Penki Kontinentai Group, for the first time in Lithuania offered its customers the fastest fiber-optic Internet. So this day, we will celebrate the birthday of the Penki network, but also the fiber-optic Internet in Lithuania! more »

COVID-19 Has Been Diagnosed To Five Employees of BS/2

Five COVID-19 cases have been identified in Penkių kontinentų bankinės technologijos, a company belonging to the Penki Kontinentai Group. more »

Digital Payments Accelerated with Covid-19 Pandemic

Payment cards, electronic payments, and online services have become a reality not only in financial but also in social, utilities, and other spheres. Many countries strive for a new reality in which there are no coins or bills. Swedish churches already accept donations electronically, and China has more than five bankcards per person. Various factors affect the speed of the cash refusal: the emergence of new convenient and safe solutions, the development of innovative technologies, and even such extraordinary circumstances as the COVID-19 pandemic. more »

Traditional Victory of SEB at the BFI Cup Tournament

The tennis tournament, which took place in the Vilnius sports complex SEB Arena on October 10-11, was traditionally held with the support of Penkių kontinentų bankinės technologijos (BS/2), owned by Penki Kontinentai. more »

The World Invests in Cryptocurrency ATMs: What's New?

The total number of devices worldwide has already exceeded 10,000 according to the Coin ATM Radar. The first Bitcoin ATM was installed seven years ago in Vancouver. As stated by the Norwegian financial company AksjeBloggen, the number of crypto ATMs grew by 167 percent over the year. more »