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

Tendencies of the E-Payment Market Are to Be discussed in Kiev

The eighth specialized conference Payment Card 2008 is to take place in Kiev on June 4-6. more »

CeBIT 2008 has started

The largest IT and telecommunication exhibition in the world CeBIT 2008 has started in Hanover, Germany. more »

BS/2 solutions introduced at the ATMIA conference in New Orleans

The ninth annual International Conference of ATM Industry Association (ATMIA) take place in New Orleans (USA). more »

The Judgment in the First Kriptonika Case Has Become Final

Vilnius Regional Court has adopted an order in the case that was the starting point of legal disputes between the company Universalios Valdymo Sistemos (UVS) selling cash registers and Penki Kontinentai (PK), one of the largest IT companies in Lithuania. more »

Opening of the 10th international expo–conference CSTB 2008

Today, February 4, Crocus Expo Exhibitions’ Centre in Moscow opened its door to the 10th international expo and conference CSTB 2008. more »

Leaders of the world-famous corporation Wincor Nixdorf will visit Lithuania

On January 9–10 our country will be visited by Eckard Heidloff, the president, and other leading representatives of Wincor Nixdorf. more »

Golden medals in the nomination for the "Lithuanian Product of the Year 2007" for two products of the "Penki kontinentai"

It is the eleventh year that the Lithuanian Confederation of Industrialists organizes the most important competition in the business sector. more »

"Penki kontinentai" – One of the Winners in the Competition of Innovations

In the yearly competition "Innovation 2007" that is organized by the Lithuanian Innovation Centre and the Lithuanian Confederation of Industrialists the e-trade system via IP television "Penki TV" has won in the category of the innovative product. more »

Innovative Solutions by the "Penki kontinentai" in the Exhibition "Cartes & IDentification 2007"

The "Penki kontinentai" group is the only Lithuanian company that is going to represent the country in the exhibition "Cartes & IDentification 2007" that will be dedicated for the smart cards and security solutions. more »

"Penki kontinentai" Training Centre Recognized by the Professionals

The Training centre that belongs to the "Penki kontinentai" group is recognized as the authorized ECDL (European Computer Driving Licence) testing centre. more »