Manage episode 287661384 series 2896244
Bilal Soylu of XcooBee (https://www.xcoobee.com) talks to Pramod in Hitechies Podcast where he explains how their technology is set to change the in-store purchase experience through no contact purchasing straight from your phone for a safer retail experience.
His team pivoted from privacy tools to creating a whole new shopping experience as part of COVID response.
Walking into a store and, instead of waiting in line for self-checkout while attempting to maintain social distancing, you checkout from your phone.
For small business owners, they can easily authorize a real-world purchase of any item by their employees, instead of giving them an expense account or credit card.
A nephew visiting the store on behalf of his immune compromised grandmother at any time and shopping on her behalf without worries of exposing her or himself further.
A better insight into your college-age child's spending without a need for them to access to your credit card but still supporting them when they need to get something at Target that they need
Meanwhile stores can reduce the cost of self-checkout stations, keep their employees safe by reducing their interaction with customers and also capture additional impulse purchases and shopper data. With XcooBee Retail System Stores can process more sales with the same number of employees and deploy less hardware while having better store security. All this can be coupled with AI at checkout points to validate purchases faster and more accuracy (think Costco), and much more.
Furthermore into the conversation Bilal Talks about privacy and importance of privacy as well as how we could monetize our own privacy using XcooBee as a solution.
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