Technology Predictions 2017

Payment technology has been the most dynamic aspect of the businesses over the past few years. Internet of things is the hottest trend and the customers of today want to be able to interact with the retailers in an effortless way. It is more about having a unique and customized buying experience at home rather than going for the mundane shopping at the stores.

Hence, it is very important for the business owners willing to spearhead the movement to update themselves with the latest changes. Whether you are a newly fangled business owner, or an experienced business tycoon, you must know about the way retail payment and mobile industry are going to carve out in the year 2017. Take a look at some of our predictions:

Mobile Payment Technology Predictions – 2017

The Return of Bluetooth Mania

The Return of Bluetooth Mania

It shouldn’t come as a surprise if in the year 2017, credit cards become a passé. Bluetooth is going to be the next big thing with Apple making an announcement to make things go wireless. So all you might have to do is pass by your favorite store, connect the Bluetooth with the store’s payment system and know about the offers to make your buy. Consumers that are comfortable using Bluetooth systems will have a great shopping experience for sure!

 

Heavy Shift towards Personalized Shopping

Personalized Shopping

2017 will be all about having an individualized shopping experience. And as customers are always the kings, they would definitely prefer buying from a store that adheres to their needs. So if you are a business owner, now is a time to start thinking about how to entice your customers using virtual reality. The more you integrate visual, sensory and interactive experiences to your mobile apps, the better are the chances of keeping your customer base alive.

 

Digital Services Taking Over Our Routine

Digital Services

Isn’t it great if your clients are navigated towards a unique shopping experience based on their buying habits? Welcome the digital assistant and embrace it as it will take the consumers to the world of interaction on a very personal level by providing them with information based on their shopping preferences. Restaurant owners and small business owners would be able to make the most out of this technology and it will have a huge impact on the POS.

 

What about Digital Assistants? Let’s Ask Alexa

Digital Assistants

Why make efforts to type, click or swipe if you can buy what you want by saying it? Alexa’s ecosystem introduced by companies like Amazon is making internet buying experience omnipresent and effortless.

Wondering how to plan your boyfriend’s birthday party bash? Just say it to Alexa and she will be your friend and assistant leading you to plan out the entire party. Watch out as she dictates to you about the decoration material needed and makes sure that the party products and cake arrive on time.

Also known as conversational ecommerce, this new model will provide the brands to establish themselves in a whole unique manner. No more stuck payments as everything will be administered by these voice ecosystems.

 

Always The Hot Favorite – Mobile Wallets Shan’t Fade

Mobile Wallets

It goes without saying that mobile wallets and NFC technology provide a seamless shopping experience. Hence, it seems that people will continue transforming their buying habits from swiping credit cards to using mobile wallets this year. Tech giants like Samsung, Android and Apple have come up with their own versions of mobile wallets – Samsung Pay, Apple Pay and Android Play respectively. And it seems the trend is going to accelerate with Apple Pay announcing a growth of one million consumers every week.

 

No More Waiting In the Line for Your Coffee or Burger

No More Waiting In the Line

Grabbing a cup of coffee or a burger while going to work will not involve waiting in the queue and haggling with the employees anymore! A unique dining experience is on its way with food serving kiosks. Restaurants like McDonalds and Subways have started installing food kiosks that will serve food just with a push of couple of buttons. Become a sandwich artist just with a push of buttons, get what you want and off you go!

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Arriving Towards the End

2017 is here, and if you want to boost your POS this year, it’s time to embrace the latest changes made in payment technologies. If you implement any of the technologies mentioned above, your client base is sure to rise and be retained. What are you waiting for? Gear up and make it happen. All the best!

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