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

Asterios Karampolas: ATMeye.iQ Is One of the Few Products That Meets All the Requirements for Protecting ATMs

International ATM & Cyber Security 2019 conference focused on physical and logical ATM security took place in London on October 8-9, bringing together leaders in banking technology from all around the world. Penkių kontinentų bankinės technologijos (BS/2) also took part in this event, introducing the comprehensive ATMeye.iQ security solution and a new Face Detection module. more »

Banking Fusion 2019 will bring bankers from 6 countries together in Tashkent

The international banking conference Banking Fusion 2019 will be held on November 26-27 in Tashkent. The event is organized by BS/2 with the support of the Uzbekistan banking association, Diebold Nixdorf and Sargent&Greenleaf. more »

BS/2 will share its experience in implementing projects in Africa at the international ATM & Cyber Security 2019 conference

More than 400 ATM security experts from 40 countries are expected to attend the ATM & Cyber Security 2019 conference, which will be held October 6-8 in London. more »

Let's Celebrate Penki Birthday Together

Penki continues to surprise and delight customers with gifts and special offers. more »

ProfIT Got Partner Status of Hewlett Packard Enterprise

Owned by Penki Kontinentai Group, Penkių kontinentų komunikacijų centras (PKKC), which manages the brand of outsourcing IT services ProfIT, has signed a partnership agreement with Sophela, the official representative of Hewlett Packard Enterprise in Lithuania. more »

Cash Management.iQ Mobile Application: A New Opportunity To Control Cash Collection Performance

Cash Management.iQ is a complex software solution for CIT and Cash Flow optimization. Cash Management.iQ can help manage CIT personnel with real-time cash collector activity monitoring. Now banks can record each step taken by the armored service while collecting cash using a mobile device (mobile phone, portable or stationary QR code scanners). more »

What Is Face Detection and How Can Banks Use It to Protect ATMS

The Face Detection module is a part of the ATMeye.iQ solution, based on biometric technologies. It helps determine whether a person is currently in front of an ATM or not. The Face Detection module can be implemented on any self-service terminal equipped with a video camera and its main purpose is to prevent fraud. more »

Intersect 2019. Experience and Prospects of the Global Banking Industry

Bank branches will not disappear in the near future. This opinion was expressed by Gerrard Schmid, the president of Diebold Nixdorf, at the opening ceremony of the three-day Intersect 2019 conference in Las Vegas, which was also attended by representatives of Penkių kontinentų bankinės technologijos (BS/2), a part of the Penki Kontinentai Group. more »

ProfIT Launches New Website

Penkių kontinentų komunikacijų centras, offering ProfIT outsourcing IT services, presents its updated website to its business partners. more »

Future Retail. Diebold Nixdorf Partner Summit

Recent trends and changes in the industry have become key topics of discussion at the partner summit of Diebold Nixdorf, worldwide leader in banking and retail solutions. more »