Beyond the Swipe: Why the Future of In-Store Payments May Not Have POS Card Swipe Devices?
Chetan Patil
Founder, CTO @ GoSelfServe | SaaS, Digital Marketing, Product Management | Bridging online-Offline gap in physical outlets
If you’ve walked into a restaurant, retail store, or showroom recently, you've likely encountered an Android EDC POS machine or a card swipe device. They’ve become nearly synonymous with in-store payments, But, are these devices the ultimate solution for the future?
Payment technology has evolved remarkably, From simple card terminals to today’s advanced, Android-powered payment devices, it’s easy to assume we've reached the pinnacle of innovation. However, when we look a little closer, it’s clear that something is still missing.
The Limitations of Android EDC POS Machines
Android EDC POS machines have definitely streamlined the payment process. They're portable, handle multiple payment methods, POS billing software can be installed and are a big step up from the bulky terminals of the past. But there are still gaps that they just can’t fill, especially for businesses that want to enhance the customer experience beyond payment.
These devices cannot:
Scale beyond payments: While they can process transactions, they don’t offer actionable insights into customer preferences, behaviour, or other valuable data that businesses crave in today’s data-driven landscape.
For businesses in sectors like quick-service restaurants (QSRs), organized retail, and showrooms, these limitations can be costly. They need more than just a payment solution, they need a way to offer an engaging, interactive, and seamless experience that meets modern customer expectations.
The Future is Here: Know How Self-Service Kiosks Are Revolutionizing Transactions
This is where self-service kiosks come into the picture. Think of Self-Service kiosks as the middle ground between completely manual stores and fully automated spaces like Amazon Go. Self-service kiosks provide a robust, adaptable solution that fills in where Android EDC POS machines fall short, offering much more than just a way to pay.
Here's what makes self-service kiosks a standout solution:
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Real-World Impact: Self-service kiosks aren’t just a concept, they’re already making waves in the Indian market!
We’re not just talking about potential, we’re talking about real-world results. GoSelfServe Kiosks have already transacted millions of transactions, handling hundreds of crore rupees worth in GMV. Businesses using kiosks are seeing improved order accuracy, enhanced customer experiences, and revenue growth of up to 10%.
Imagine a quick-service restaurant that not only takes orders but also suggests menu items based on the time of day or customer preferences. Or a retail showroom where customers can learn about products, view demos, and complete purchases on their own. These aren’t just ideas, they’re realities powered by GoSelfServe kiosks that are in action today.
Self-Service Kiosks: The Next Logical Step for Modern Businesses
While Android EDC POS machines and card swipe devices have their place in many handheld payment usecases like transport, smaller outlets or grocery stores, Self-service kiosks are ideally suited for businesses looking to create a more engaging, self-sufficient, and insightful customer experience. They’re adding value in customer-centric environments where enhanced experiences can drive business growth.
For anyone in the QSR, retail, or showroom sectors considering their next move, self-service kiosks represent the future. And the future is all about empowering customers with autonomy, gathering actionable insights, and ensuring that payments are just one part of a richer experience.
So, as you think about the next phase of your business, consider what role self-service kiosks could play. They’re not just a new kind of payment terminal, they’re the future of in-store experiences.
Great insight into the future of in-store payments! It's inspiring to see your vision for reshaping transactions and bridging the online-offline gap. Your article is a must-read for anyone in the retail industry.
To Influence human Behavior with inspirational interactive displays, help clients arrive at solutions for their problems by providing personalized services and unparalleled support
1 个月Creating a good customer experience is the need of the hour, with digital adoption growing at a speedy rate, this article gives a glimpse of the future of doing business.
City Head at at Fashnear Technologies PVT.LTD
1 个月This information is true fact between EDC & Kiosks, real time experience. Chetan you have given a wonderful explanation of the revolution. In 2024, I got inspired with your business model, and tried reaching you over many methods. But still cont able to reach out you. Please find my email id ([email protected]) and mobile number (8123243224), as I'm interested in your product and concept looking forward to get in touch with you ASAP. Thankyou.
Thanks for the valuable information.
Business Transformation Consultant | Accelerated Management Program
1 个月Chetan Patil have you'll gone live with this...!! I would recommend you connect with Sujit Prasad Koshy of Luminatiq - Consulting . Technology . Digital to explore synergies. Best wishes and looks like an interesting step forward.