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Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants Saudi Central Bank Launches Google Pay Service Through Mada Network Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’ barq Joins Forces With Thunes to Power Faster, World-Class Remittances Across Saudi Arabia Paymentology Expands Presence in Saudi Arabia to Support Vision 2030 and Next-Generation Payments JPMorganChase and Plaid Announce an Extension to their Data Access Agreement for Sharing of Consumer Permissioned Data Enhancements to Ecommpay Subscriptions Service Help Address Failed Recurring Payments HSBC Deploys Wealth Intelligence for Its Wealth Management Staff to Enhance Client Experience

Strong year for self-checkout in western Europe and Japan

2014 proved to be a good year for self-checkout (SCO) activity in western Europe and Japan, despite a fall in the number of global shipments, according to new research by London-based strategic research and consulting firm RBR.

SCO shipments to western Europe grew by 19% in 2014, with activity in the UK, second only to the USA by installations, up by 14%. Alongside traditional devices, a diverse range of self‑service technology has been trialled in the UK, including tunnel scanning (where goods are placed on a conveyor belt and automatically scanned), mobile scanning, and slimline cashless terminals without security scales. SCO rollouts also continued in other countries, including France, Germany, and Sweden.

Japan witnessed a renewed impetus in the SCO market, with shipments up by more than 40%. Several major convenience store chains have begun piloting small-footprint solutions in order to maximise their limited floor space. Although a culture of assisted service in retail has been the norm in Japan, shifting demographics means that there are fewer people of working age willing to do lower paid jobs and this has encouraged retailers to look at labour-saving devices including SCO, which are expected to become increasingly common.

Self-Checkout Shipments by Region, 2013 and 2014 (thousands)

MVI_2542

Source: Global EPOS and Self-Checkout 2015 (RBR)

Activity in the USA expected to recover after fall in 2014

After a record year for SCO in 2013, when a large-scale rollout at Wal-Mart saw shipment numbers spike in the USA, activity in North America fell in 2014. Nonetheless, it is expected to pick up again in 2015 and beyond, with retailers such as discount chain Target continuing to roll out the technology.

  1. Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns Read more
  2. WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance Read more
  3. AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Read more
  4. Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering Read more
  5. United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Read more
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