PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Move Over, Amazon: Japan’s Checkout-Free Grocery Store is on the Rise

By James O'Brien
January 29, 2021
in Analysts Coverage, Commerce, Customer Experience, Merchant
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Online Grocery Sales Efforts Take A Giant (Stores) Step Forward

Online Grocery Sales Efforts Take A Giant (Stores) Step Forward

Autonomous checkout has taken another step forward, this time in Japan. New Zealand company Imagr has signed with H2O retailing company to conduct a pilot deployment of their autonomous checkout technology at the stores outlet. Japan presents a particularly unique opportunity for two reasons: labor shortages and an aging population. Together, these factors present staffing challenges for grocers. Autonomous checkouts pose an attractive solution to both of these rising problems.

Moreover, Imagr’s unique and easy-to-deploy tech could fit very well into Japan’s marketplace. Imagr’s product comes in the form of a trolley basket. The customer picks out items and places them into the trolley, just as they would otherwise. Imagr’s trolleys have lighting and camera features that detect the item.

Compared to competitors, Imagr uses less hardware, thereby making it easier for stores to onboard in general. In addition, Imagr allows customers using their trolley to switch to a traditional POS checkout if they choose to. As autonomous checkouts become more popular, some customers and retailers may have apprehension adopting these new systems. Imagr stands as a sweet spot, having both efficient technology while also enabling customers to lean on their traditionally favored checkout methods.

The following is an additional “Key Takeaway” from the Forbes article:  

Where Covid-19 has accelerated many digital transformation plans and re-designed the new shopper journey, Imagr has taken into consideration of the more operable route to scale. “Our immediate focus is on markets where shopping behavior is more frequent.” shares Chomley, pointing towards APAC markets with smaller baskets but higher frequency shops.

The hindrance of unmanned stores has always linked back to the costs of set-up, though also believed to pay-off in the future eliminating labor costs in-store. Yet with recent developments and technology advancements, consumers have also become more privacy-aware while being guarded by the government’s protection. It is also heavily dependent on the market’s behavior where China has normalized the Big Brother act, but the West is still hesitant towards. With modular carts and computer vision to only detect products – not people – this may be the most viable way in creating the unmanned store of the future.

Overview by James O’Brien, Research Analyst at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: AmazonGroceryimagrJapanMarketonline groceryPOS

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Proof That Fintechs Are Disrupting Banks:

    In Today’s Fintech Market, Value Is Everything

    August 30, 2024
    DFAST test

    Dodd-Frank Stress Tests: Good News for Now, Watch for a Rugged 2025

    August 29, 2024
    Real-Time Payments Adoption in the U.S. Requires a Pragmatic Approach, ISO 20022 messaging challenges

    ISO 20022 Brings the Challenge of Standardization to Swift Participants

    August 28, 2024
    open banking small banks credit unions

    Open Banking Can Be an Equalizer for Small Banks and Credit Unions

    August 27, 2024
    Payments 3.0

    Achieving Seamless and Holistic Transactions with Payments 3.0

    August 26, 2024
    embedded finance, ecommerce, consumers reduce spending

    Quality Over Quantity: Key Priorities in the Payment Experience

    August 23, 2024
    bots fraud

    Next-Generation Bots Pose Formidable Fraud Challenge

    August 22, 2024
    crypto custodians

    Crypto Custodians Could Bring a Revolution in Holding Assets

    August 21, 2024

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Digital Assets & Crypto
    • Debit
    • Digital Banking
    Menu
    • Commercial
    • Credit
    • Digital Assets & Crypto
    • Debit
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    Menu
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    Menu
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result