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

Lithuanians Opt For High-Speed Fiber Optic Internet and IPTV

According to the Lithuanian Communications Regulatory Authority, the number of fiber optic Internet users in the country is constantly growing. more »

New Payments.iQ opportunities for monitoring the stream of transactions

BS/2 has released an update for the Payments.iQ software solution. The new version of the software introduces a fundamentally new approach to organizing workstations for different groups of users of the platform. more »

12 regional medical institutions in Lithuania have entrusted „ProfIT“ with the maintenance of their virtual servers

„Penkių kontinentų komunikacijų centras“, which offers „ProfIT“ outsourcing IT solution for business, has signed a joint agreement on information system infrastructure maintenance with 12 Lithuanian medical institutions. more »

ATM security: how to use all the capabilities of video surveillance

According to the European Safe Transaction Association (EAST), in 2018 the number of physical attacks on ATMs in Europe increased by 27% (from 3,584 to 4,449 incidents), and the amount of money stolen this way increased by 16% (from 31 to 36 million Euro). more »

Only for Students! Special Price of the Fastest Internet

The Penki fiber optic network offers Vilnius students to prepare for the academic year in advance and take care of the most convenient way to get information in the modern world - fast Internet. more »

CIT bags inventory management. New Cash Management.iQ feature

Comprehensive cash management involves centralized cash availability monitoring and demand forecasting for each connected cash points. more »

ADM. When And How Banks Can Use The Remote Cash Capture

Remote Cash Capture is one of the main trends of recent years for retail cash management. more »

Penki Kontinentai Revenue for the First Quarter of 2019 - 10.9 Million Euros

The revenue of the Penki Kontinentai Group, specializing in innovative information technology solutions, reached 10.9 million euros for the first quarter of 2019, which is 25 percent more than in the same period last year (8.7 million euros). more »

Vilius Gofmanas about Business Trip to Nigeria

In the beginning of May, BS/2 Software Sales Manager Vilius Gofmanas and Head of IT Solutions Support Department Sergej Pokusajev visited Lagos, the largest city in Nigeria. more »