Innisfree has recently introduced POSPi's mobile POS solution at its Grand Hyatt Shanghai location. The system promises to make payments quicker, simpler, and more secure than in the traditional retail environment.
The new mobile POS solution at Innisfree is the product of the collaboration between the cosmetics retailer, POSPi, and the Bank of China. Including the financial institution in the collaboration allows consumers to make purchases on their smartphones from directly within the aisles, removing the need to wait in line at checkout.
With the new system, Innisfree staff are each equipped with a connected scanning tool. When a consumer shopping in the store decides to purchase an item, they can contact any staff member and have them scan that product. Then, staff use the mobile POS device to scan consumers' phones and complete the sale.
Mobile Payment Systems
Innisfree Has Introduced POSPi's Mobile POS Solution
Trend Themes
1. Mobile Payment Systems - the collaboration between Innisfree, POSPi, and the Bank of China showcases the potential for mobile POS solutions to revolutionize the retail industry.
2. Digital Transactions - the implementation of mobile POS devices at Innisfree highlights the increasing reliance on digital transactions in the retail sector.
3. Seamless Checkout Experience - the new mobile POS solution at Innisfree demonstrates the demand for a seamless checkout experience that eliminates traditional waiting in lines.
Industry Implications
1. Cosmetics Retail - the integration of mobile POS technology in Innisfree's stores presents disruptive innovation opportunities for the cosmetics retail industry.
2. Financial Technology - the collaboration between Innisfree, POSPi, and the Bank of China indicates the potential for disruptive innovation in the financial technology sector.
3. Retail Technology - the implementation of POSPi's mobile POS solution at Innisfree showcases the disruptive innovation potential in the retail technology industry.