Retail re-opens as British start-up takes on Amazon in an attempt to encourage crowds back to the high street and support local business.
Checkout-Free Experience
US giant Amazon will not dominate the High Street in the way it bestrides online retail if one young tech entrepreneur has his way. Forbes 30-under-30 alumnus and MishiPay founder Mustafa Khanwala has developed exciting new technology that enables customers to skip the checkouts by using their smartphone to scan and pay for goods, meaning you may never waste time in a shopping queue again.
Scaleable, affordable, easily integrated into back-office systems and fully operational in as little as three weeks, MishiPay鈥檚 Scan & Go tech puts the purchasing power in the hands of the public to reinvigorate the High Street, eliminate the 拢280 billion cost of instore queueing and realise the previously unthinkable notion of shops without checkouts.聽MishiPay鈥檚 revolutionary Scan & Go tech turns shopping into a checkout-free experience, perfect for a post-COVID world.
Amazon Go Competitor
We鈥檝e lived with the costly, time-wasting pinch-point that is retail鈥檚 queue to pay since a Memphis shopkeeper introduced it 104 years ago. Its elimination has become a quest, and while retail giant Amazon Go has invested heavily in developing a camera-based system, it is a solution too expensive and too limited in scope to be viable for the vast majority of retailers. MishiPay aims to be an affordable alternative to Amazon Go.
In stark contrast, MishiPay鈥檚 Scan & Go is scaleable, affordable and can read any barcode on any product. Bespoke configurations enable retailers to display product information ranging from a basic price right up to videos and multimedia content. It generates digital receipts 鈥� potentially saving 11M trees per year 鈥� works on or offline and its convenience and ease of use has been proven to increase basket values by up to 36%.
Scan & Go allows retailers not only to reclaim check out space and redeploy staff to the shopfloor but also to resolve the 拢280 billion problem of abandoned baskets.
Acclaim for MishiPay
MishiPay has already been adopted by some of the world鈥檚 most innovative retailers, including MUJI, Flying Tiger Copenhagen, SPAR and most recently, Paradies Lagard猫re.
鈥淲ith MishiPay we are leading the evolution of retail and our technology works for any product, in any store,鈥� said CEO Mustafa Khanwala. 鈥淲e鈥檙e superfast, superscaleable and can go from contract to live within just three weeks. With Scan & Go we鈥檙e putting the checkout in the customer鈥檚 pocket and bringing the biggest change to the High Street in more than a century.鈥�
