Brick-and-mortar retailers could transition to completely digital points of sale, providing more convenient shopping experiences and increasing conversion.
How will consumers and merchants interact at the point of sale in the future?
Public payments companies like Visa and Mastercard are exploring new point-of-sale technologies and developing new payment methods to accommodate shifting consumer and business preferences.
In part one of our Future of Payments series, we discussed how peer-to-peer payments are changing, and how they might one day bypass traditional banking rails and infrastructure. In part two, we examined how the shift to faster payroll payments could affect consumer payment and banking preferences.
Here we look at how the physical point of sale could evolve to provide a more convenient experience, and increase conversion rates.