THE IN-STORE CHECKOUT REVOLUTION: How payments companies can take advantage of a $21 billion opportunity - Creak News

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THE IN-STORE CHECKOUT REVOLUTION: How payments companies can take advantage of a $21 billion opportunity

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This is a preview of The In-Store Checkout Report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all E-Commerce industry research reports. bii ICR chart

Although there are only a handful of autonomous checkout stores today, the technology has seismic repercussions for in-store retail. These stores, which allow consumers to walk in, grab what they want, and exit without physically checking out, are setting a new standard for convenience in the in-store shopping experience.

Much like card payments improved the experience of fumbling for cash and waiting for change, a checkout-free experience will consistently reduce time and effort: Consumers will be able to pay automatically after identifying themselves via a profile with a preselected payment method.

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