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POS SOLUTIONS, CLOUD BASED POS

How POS Solutions Assist Restaurants to Increase their ROI?

Article | July 14, 2022

Introduction The hospitality industry has always been challenging and full of obstacles, such as low-profit margins, high competition, and turnover management, irrespective of the type of restaurant or level of owner experience. However, rapidly changing business dynamics and current conditions have increased these challenges enormously. Changing customer preferences, including high customer service expectations and an emphasis on the sourcing of ingredients and nutrition values, affect the entire operation. Also, the growing importance of reviews and word-of-mouth referrals makes brand management both more crucial and complex. Thus, several restaurant owners are increasingly investing in innovative solutions, such as restaurant POS systems, to improve the consumer experience, empower business owners to manage restaurant operations more efficiently, and increase ROI. Top 5 Ways How Restaurant POS Integration Can Boost ROI Due to the fast-paced nature of the restaurant sector, coupled with ever-changing customer needs, business owners encounter numerous challenges in keeping up with the changes and meeting customer expectations while maintaining perfect control over all aspects of their operations. As restaurant POS systems provide solutions for these challenges while also improving workplace efficiency, automating several tasks, monitoring employee performance, and enhancing security, these systems are gaining massive popularity in the hospitality industry. Out of all the new features that restaurants can get from POS integrations, such as delivery management, accounting, and more, these are the most important ones that help owners get the best return on their investment: Create Data-driven Campaigns Modern POS solutions enable restaurant owners to collect valuable data about their customers, such as their preferred food choices, their addresses, how often they visit the establishment, and others. These actionable insights can be used to create personalized campaigns, increasing their chances of responding to a customized offer and improving ROI. Support Omnichannel Communications and Payments With the advent of e-commerce, food can now be ordered and paid for via multiple channels, including the restaurant's website, third-party applications, the phone, and others. Therefore, it has become essential for restaurant owners to increase contact with their customers. Integrating a restaurant POS system enables owners to facilitate omnichannel communication and payments and discover the optimal way to communicate with consumers, thereby increasing food order flow from both offline and online channels. Improves Customer Relationship As the restaurant sector continues to become more competitive year by year, it is becoming crucial for restaurant owners to improve their relationships with customers. With restaurant POS systems, customers can make the payment using their preferred methods, such as cash, credit or debit card, QR code, UPI, and others. These systems also reduce the time for placing food orders as well as decline the chances of order misplacement. This results in providing better customer service, improving customer relationships, and increasing customer inflow. Streamline Restaurant Operations From front-of-house to back-of-house operations, modern POS technology assists restaurant owners in streamlining various business operations such as inventory control, labor management, payment getaways, and order tracking and delivery, among others. Thereby reducing the overall cost, declining the chances of errors, and improving profit margins. Final Thought Today, POS technology is clearly a necessity for the hospitality industry, irrespective of the type of establishment, such as fine dining, fast food, cloud kitchen, hotels, and others, to enhance restaurant operations, provide a smoother customer experience, and improve ROI. With the introduction of customizable POS solutions and a growing shift towards cashless payments, modern restaurant POS systems are anticipated to transform the ways of food ordering and payment in the forthcoming years.

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POS SOLUTIONS

Top 5 Reasons Why Modern Restaurant Needs Integrated POS Solutions

Article | July 13, 2022

Introduction Due to the dynamic nature of the industry and the ever-evolving demands of its customers, restaurant business owners are facing a unique set of challenges. This is compelling them to streamline their operations to meet customers' rising expectations while maintaining perfect control over all aspects of their establishment. In addition, emerging innovative technology solutions are rapidly changing the world of payment systems, and the restaurant industry is the best example of it. Today, opening a restaurant is more than just serving food and making money. It is about providing a memorable experience to the customers and retaining them. As a robust restaurant point-of-sale (POS) solution assist in delivering a better customer experience, pacing up the ordering process, and managing inventory, among others, it is gaining huge popularity in the sector. Why Does Restaurant Need to Invest in Modern POS Systems Today? As the trends of online food ordering at dine-in and competition in the hospitality industry continue to deepen, it is becoming imperative for restaurant owners to efficiently manage the point of sale for their eatery. Also, the growing need for faster customer food service, efficient employee scheduling, and effective inventory management is encouraging business owners to adopt innovative restaurant technologies, such as restaurant POS systems. Here are some of the main reasons restaurants should integrate modern POS solutions. Effective Ordering Processes The ordering process, being the nerve center for restaurants, is one such aspect that needs serious attention. As food ordering processes that take a long time can significantly hamper the customer experience and satisfaction, owners of food establishments are aiming at leveraging novel restaurant POS systems to streamline and ease the food ordering processes. Increase Cash Flow Optimum cash flow is the backbone of any business. If restaurants are unable to maintain enough cash flow, they will have difficulties staying in business in the long run. Since restaurants are able to serve more customers per hour with fast-paced POS technology, allowing for greater sales and increased cash flow, business owners are aiming to deploy these modern POS solutions. Organize and Track Profit and Loss Keeping an accurate track of the income and expenses is of great importance for understanding the financial position of the eatery and creating an effective strategy to increase its revenue. A POS system can assist business owners in preparing a settlement at the end of each day, week, and month, keeping track of the ROI, and organizing profit and loss. Offer Security to Customers Customers or guests are increasingly using various cashless modes for transactions, such as credit cards, online banking, and others, for making payments. With increasing instances of customer data theft, guests are increasingly concerned about their data privacy and payment credentials. Hence, several food establishments are emphasizing embracing restaurant POS software to offer enhanced security to customers. Build Customer Database In today's highly competitive world, engaging and retaining customers is crucial for the success of businesses, especially in the restaurant industry. As the latest POS solutions aid restaurants in enhancing customer communications and loyalty, along with improving customer relationship management by building a customer database, these solutions are increasingly being sought in the sector. The Ending Thought With the emergence of innovative trends in the hospitality industry and the ever-changing needs of customers, it is becoming difficult for restaurant owners to keep the customers happy and build credibility in the long run. Since modern restaurant POS systems with advanced integrated technologies, such as artificial intelligence, can assist these restaurants in overcoming these obstacles along with providing numerous advantages, including cost reduction and increased ROI, these systems are anticipated to become a necessity for restaurants in the coming years.

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POS RETAIL

Cashless Restaurants: A New Frontier in Hospitality Industry

Article | July 26, 2022

Introduction The restaurant sector is facing constant transformation with the emergence of new hospitality industry trends and technologies, along with numerous challenges. Even with the roadblocks, the industry continues to grow at a staggering rate. According to the National Restaurant Association, the size of the restaurant industry in the U.S. is anticipated to increase from US$799 billion in 2021 to US$899 billion in 2022. From fast food to fine dining, food delivery to contactless tech, well-known restaurateurs are investing in new technologies to build meaningful relationships with their staff and customers, improve the customer experience, and meet changing expectations of guests. The hospitality industry is seeing the emergence of a new cashless restaurant trend as a result of the widespread adoption of advanced contactless POS technologies and rapid digital transformation. Furthermore, restaurants are moving away from accepting cash payments since more and more customers are embracing contactless payment alternatives like credit cards, UPI, and QR codes. What Are the Features Driving the Cashless Restaurant Trend? Dine-in establishments, such as restaurants, bars, and cafes, have become increasingly popular among the population today, leading to longer wait times for orders, slower service, and more difficulty processing cash payments. Furthermore, increasing hygiene concerns and rising incidences of internal theft across food spaces are deepening the cashless restaurant trend in the hospitality industry. Let’s see some of the attractive features further encouraging restaurants to go cashless: Convenient for Guests As digital currencies are paving the way of payment, guests are increasingly looking forward to visiting locations where they can make the payment swiftly without the need to carry physical money. Cashless restaurants make it easy for guests to pay with their mode of choice: credit or debit cards, net banking, payment gateways, QR code scanning, and others, offering the convenience customers and guests are looking for. Reduces Risk of Internal Theft One of the significant problems that the majority of restaurants face is theft, which negatively impacts both profits and expansion opportunities. Theft has been commonplace in the eatery, especially when employees, rather than the owner, are in charge of the cash register. The National Restaurant Association estimates that staff theft costs quick-service restaurants between 5% and 7% of their revenue. However, a cashless restaurant operates entirely on the latest POS solutions and only accepts digital currency, eliminating the possibility of internal theft. Reduces Wait and Transaction Time Transaction time is one of the crucial aspects that can impact the customer experience, especially across quick service restaurants. Difficulty completing a transaction due to lack of change and related issues can result in lengthening the wait time and creating a hassle. The adoption of electronic POS solutions by cashless restaurants resolves this issue, reducing the potential for such incidents to occur. This assists in speeding up the transaction process and decreasing wait times. Increase ROI Cashless eateries with their modern restaurant POS solutions enable owners to track and record every digital payment transaction made by guests, providing essential data on who buys what and when. This opens up a new window for eating establishments to gain insight into their patrons' tastes and tailor their services accordingly, resulting in increasing footfall in the restaurant and an accelerating return on investment. Modern POS Solutions: The Future Need of Cashless Restaurants With the rise in the use of digital currencies and electronic payment solutions, food establishments are increasingly investing in deploying cashless restaurant POS systems to improve the customer experience while boosting their ROI. As per a survey, 94% of restaurants stated that they have invested in cashless payment solutions. As the trend of cashless restaurants continues to gain popularity across the hospitality industry, food establishments accepting only cash are looking for ways to go cashless. This is anticipated to create a massive demand for modern restaurant POS software in the upcoming years.

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Retail ,Wholesale Trade,Ecommerce,Retail,E-commerce,point of sale.

Article | February 10, 2020

Last July, a small group representing the giants of the tech industry gathered in the seat of US government, Washington DC. They probably didn’t want to be there. Congress had summoned their employers Apple, Facebook, Google, and Amazon to answer questions about the command they hold over the markets they operate in. On Amazon’s behalf, associate general counsel Nate Sutton spoke in defense of his employer’s role in US retail. Throughout, he argued that Amazon isn’t so powerful as to be able to control prices and stifle competition. Amazon, he pointed out, makes up less than 1% of retail globally. In the US, it accounts for around 4% of retail. In fact, Walmart is much larger than Amazon, he said. In terms of sales, Sutton is right. Walmart reported $510 billion in total sales across its US and international segments in the 2019 fiscal year, versus Amazon’s $233 billion in roughly the same period.

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POS RETAIL

CULT & RAIN Launches its Metaverse Shopping & E-Commerce Platform

CULT&RAIN Inc. | December 02, 2022

CULT&RAIN is dropping a new CORE COLLECTION of 250 limited edition physical sneakers based on the most popular styles from their GENESIS collection. For the first time, customers will be able to order TITAN in colorway black & white (priced at USD $1195), VEGA in colorway all black (priced at USD $995) and ATLAS in colorway all white (priced at USD $1095). Every sneaker will ship with CULT&RAIN's radical HEX BOX packaging - see images attached. All GENESIS & DROP001 NFT collection holders will exclusively receive 25% off their first sneaker purchase, as part of their utility for being an early collector of CULT&RAIN. We've had hundreds of requests for our GENESIS collection, and I'm thrilled to finally offer the public our luxurious CORE collection, made in Italy at one of the best sneaker factories in the world, who also produces for top luxury fashion houses within the preeminent luxury conglomerates. CULT&RAIN is a luxury-infused fashion brand born from Web3. Following the successful launch of their CULTR WORLD experience in July 2022, the brand forges into the future by creating a first-of-its-kind Metaverse shopping experience, where customers can purchase physical goods & digital collections inside CULTR SHOP, a dedicated area within their CULTR WORLD metaverse. CULTR WORLD is a web browser & mobile-first based Metaverse experience, which is simple and easy to access. Users enter CULTR WORLD via a direct link inside cultandrain.com, select a uniquely designed avatar and can enter CULTR SHOP. Inside the virtual store, users can purchase CORE COLLECTION 'physical' sneakers and NFTs from CULT&RAIN's GENESIS and DROP 001 collections. CULT&RAIN customers will be one of the very first ever to purchase physical goods &, most importantly, check out from inside CULTR SHOP. This radical, intuitive experience demonstrates CULT&RAIN's incredible innovation pipeline. "We believe the future of shopping lies within social & Metaverse commerce. For our seasoned collectors and curious Web3 users, the CULTR SHOP experience provides a radical yet intuitive shopping UX. We are pushing boundaries of a virtual social shopping experience, yet very easy to use & transact," George Yang, founder of CULT&RAIN. In addition to the sneakers, collectors can purchase additional GENESIS and DROP 001 NFT's from the OpenSea marketplace inside CULTR SHOP. For those who prefer a more traditional shopping experience, CULT&RAIN is also launching a conventional e-commerce platform for users to purchase the CORE COLLECTION. This modern, clean, and intuitive experience will allow users to transact seamlessly on cultandrain.com. To celebrate the launch, CULT&RAIN will host a Metaverse party inside CULTR WORLD with all their collaborative partners & communities to celebrate receiving the physical sneakers from GENESIS and the Varsity Jackets from DROP 001. The party will feature a live DJ set from Meta true born musician and 3D avatar TEFLON SEGA (@teflonsega) streaming into CULTR WORLD for the first time. Teflon Sega is signed to EMPIRE Records and has amassed 19m plays on Spotify and 15m plays on YouTube. During the event, CULT&RAIN will airdrop attendees a radical CULTR avatar skin by claiming a POAP, compatible with DECENTRALAND, as well as a site upgrade to be compatible with a VR experience and READY PLAYER ME avatars, to further enhance the experience. ABOUT CULT&RAIN The first luxury fashion brand born from the crypto universe, merging radical NFTs with exclusive physical redeemables. Join our Web3 revolution. Our founder, George Yang is an accomplished fashion creative director with over 20 years of experience across New York, Milan, and Paris; leading international design studios within the luxury & premium fashion industry. He has designed for renowned fashion houses around the globe including Theory, Costume National, Guy Laroche, and Cerruti Paris.

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POS RETAIL

Droppii brings innovative e-commerce business solutions to the United States

Droppii | November 18, 2022

As with many startups, the idea behind Droppii's vision came in the midst of a rapidly growing industry. Over the 21st century, the tremendous growth and power of e-commerce platforms presented a perfect opportunity for entrepreneurial individuals to start their own business online. Through a website, businesses can reach many more customers locally and around the world, and product details and reviews are conveniently located in one place. More businesses by the day are letting go of having brick-and-mortar stores and creating a presence that is entirely online. But starting and managing an online business still comes with many challenges, especially for people who already have day jobs and just want a side hustle to supplement their income. Owning a business requires a lot of time, money, and self-instruction to research products, manage inventory, place advertisements on marketing channels, and safely package and ship products to customers. Given all this, there was an opportunity for a new business model to be developed. Creating innovative business solutions to solve today's problems Droppii's founding idea is that online sellers should be able to focus completely on taking care of their customers and generating sales. To do this, Droppii manages the back-end business operations for the seller, including product inventory, warehousing, logistics, packaging, and shipping directly to customers. This order fulfillment method is known as dropshipping, but Droppii's model differentiates itself through a key feature: buying only the most high-quality, in-demand products from suppliers and offering this curated list of products for sellers to choose from. Products need to have a large market size, have the appropriate certifications (such as FDA approval), and provide a large commission for sellers alongside other criteria that ensure both sellers and customers will benefit. Droppii's business model also includes a range of other crucial services and resources, including business courses for sellers to improve their sales skills; an online Droppii platform for sellers to conduct sales and view analytics; and both online and in-person forums for sellers to build community, discuss strategies, and celebrate successes. "Whether you're a stay-at-home parent, a college student, or a full-time worker, you can be your own boss and set your own schedule as a seller with us. We want to make your side hustle easy for you so that you can focus on what's important - spending time with your family and friends, and saving up for the future." Michael Cox, CEO of Droppii U.S.A. Finding success through curated products and personalized sales Since being founded in 2018, Droppii has experienced exponential growth. From 2020, the startup saw its revenue grow by 1460%. As of late 2022, Droppii has over 65,000 online sellers who have generated sales of over 135,000 types of products each month. Droppii is also looking to partner with more suppliers around the world and educate new markets about suppliers' products. Through Droppii's facilitation, suppliers are able to thoroughly train sellers on their products' benefits and how to best market the products to customers. As a result, sellers are able to provide detailed, personal consultations for customers interested in trying something new. This strategy allows suppliers to improve their sales efficiency, save on advertising and marketing costs, and reinvest the money they just saved back into their business. It also allows the online sales experience to become more personal and centered on the customer's unique needs, just like interacting with a salesperson on the floor of a brick-and-mortar store. In an ever-growing online world, authentic connections and conversations are crucial to building trust and loyalty in a brand.Droppii also provides safe, secure warehousing for suppliers' products through professional fulfillment centers located in Southeast Asia and the United States. Suppliers who don't have much inventory can save on storage costs and improve their distribution efficiencies. When a seller confirms a customer's order, Droppii delivers the product from a fulfillment center directly to the customer's hands. This prevents any potential damage or loss of quality to the product that could occur if it goes through other channels, such as shelves in an in-person store or a seller's home garage. A game-changer in the U.S. market Droppii began in Southeast Asia, but people all over the world can benefit from its comprehensive business services. For the next stage of Droppii's journey, company leadership chose to expand its services to the U.S. The U.S. holds a significant amount of power and influence in the world economy, but it also has a long history and deep culture of entrepreneurship. According to research conducted by the U.S. News & World Report, BAV Group, and the Wharton School of the University of Pennsylvania, the U.S. is ranked as one of the best countries in the world for entrepreneurship and innovation. Droppii's unique business model will be sure to appeal to the U.S.'s enterprising individuals as well as to suppliers looking to grow their audience. The startup's vision is to become a leading innovative e-commerce platform in personalizing sales and curating products. Droppii unites and supports sellers, suppliers, and customers at every step of the sales process to center human connections and improve the experience for everyone. Having just launched their first U.S. marketing campaign, Droppii's next steps are to expand their U.S. operations and logistics, improve the customer experience from the point of order to delivery, and continue production of their "Women in Startup" program series. In each episode, leading experts and entrepreneurs provide mentorship, advice, strategies, and inspirational stories to help women succeed in business. With an intense determination to create impact in the U.S. market and continuously innovate their practices, Droppii is poised to transform the e-commerce industry.

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POS RETAIL

Viva Wallet and Klarna enter Europe-wide partnership

Viva Wallet | November 16, 2022

European cloud-based neobank Viva Wallet is set to further expand the line-up of payment options offered to their thousands of merchants across the continent. Klarna, counting 150 million global active users and 2 million transactions per day, is the latest addition to Viva Wallet's online and in-store innovative payment platforms. Through this partnership, merchants meet the needs of a new generation of shoppers demanding more convenient, flexible payment alternatives that help them stay in control of their finances. Pay in 3, Pay in 30 Days, Pay Now, or opt for Financing to pay over 3-36 months in a smooth one-click purchase; Klarna's payments offering is now added to the collection of over 30 payment options delivered by Viva Wallet, featuring all major international as well as local payment schemes to accommodate all transactions. "Pay with Klarna" will be available to those interacting with the online and brick-and-mortar touchpoints, supported by Viva Wallet POS app that turns any Android mobile into a card terminal, and Smart Checkout payment gateway for e-shops, "allowing consumers to pay when and how they prefer to, saving time and money" as per Klarna's scope. "At Viva Wallet we feel we share the same vision with Klarna; to make payments simple and frictionless. We are excited to add such a forward thinker and leading global player in the payments industry to our ever-growing list of partners. Together, we are improving the shopping experience to fit the needs of the modern consumer, whilst making the integration process as accessible and simple as possible for the merchants that wish to capitalise on this global payments trend," Alexandros Pappas, E-Commerce Director at Viva Wallet. Pay with Klarna" on Viva Wallet payment platforms will be first rolled out in selected European markets, including Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Portugal, Spain, Sweden, and the UK. About Viva Wallet Viva Wallet is a leading European cloud-based neobank, delivering the future of payments, now. With presence in 24 markets, it is the payment institution with the largest footprint in Europe. Viva Wallet mission is to change the way businesses pay and get paid, offering truly unifying, yet localized, end-to-end advanced digital payments solutions and embedded banking services tailored to their needs. Latest innovations include "tap-on-phone Viva Wallet POS app" turning any Android device into a card terminal, and "Smart Checkout" payment gateway that can increase conversion by 21%. An advocate of sustainable cashless economy, Viva Wallet harnesses the power of their disruptive in-house technologies to provide digital payments services in 17 languages and 10 currencies, featuring over 30 payment methods.

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POS RETAIL

CULT & RAIN Launches its Metaverse Shopping & E-Commerce Platform

CULT&RAIN Inc. | December 02, 2022

CULT&RAIN is dropping a new CORE COLLECTION of 250 limited edition physical sneakers based on the most popular styles from their GENESIS collection. For the first time, customers will be able to order TITAN in colorway black & white (priced at USD $1195), VEGA in colorway all black (priced at USD $995) and ATLAS in colorway all white (priced at USD $1095). Every sneaker will ship with CULT&RAIN's radical HEX BOX packaging - see images attached. All GENESIS & DROP001 NFT collection holders will exclusively receive 25% off their first sneaker purchase, as part of their utility for being an early collector of CULT&RAIN. We've had hundreds of requests for our GENESIS collection, and I'm thrilled to finally offer the public our luxurious CORE collection, made in Italy at one of the best sneaker factories in the world, who also produces for top luxury fashion houses within the preeminent luxury conglomerates. CULT&RAIN is a luxury-infused fashion brand born from Web3. Following the successful launch of their CULTR WORLD experience in July 2022, the brand forges into the future by creating a first-of-its-kind Metaverse shopping experience, where customers can purchase physical goods & digital collections inside CULTR SHOP, a dedicated area within their CULTR WORLD metaverse. CULTR WORLD is a web browser & mobile-first based Metaverse experience, which is simple and easy to access. Users enter CULTR WORLD via a direct link inside cultandrain.com, select a uniquely designed avatar and can enter CULTR SHOP. Inside the virtual store, users can purchase CORE COLLECTION 'physical' sneakers and NFTs from CULT&RAIN's GENESIS and DROP 001 collections. CULT&RAIN customers will be one of the very first ever to purchase physical goods &, most importantly, check out from inside CULTR SHOP. This radical, intuitive experience demonstrates CULT&RAIN's incredible innovation pipeline. "We believe the future of shopping lies within social & Metaverse commerce. For our seasoned collectors and curious Web3 users, the CULTR SHOP experience provides a radical yet intuitive shopping UX. We are pushing boundaries of a virtual social shopping experience, yet very easy to use & transact," George Yang, founder of CULT&RAIN. In addition to the sneakers, collectors can purchase additional GENESIS and DROP 001 NFT's from the OpenSea marketplace inside CULTR SHOP. For those who prefer a more traditional shopping experience, CULT&RAIN is also launching a conventional e-commerce platform for users to purchase the CORE COLLECTION. This modern, clean, and intuitive experience will allow users to transact seamlessly on cultandrain.com. To celebrate the launch, CULT&RAIN will host a Metaverse party inside CULTR WORLD with all their collaborative partners & communities to celebrate receiving the physical sneakers from GENESIS and the Varsity Jackets from DROP 001. The party will feature a live DJ set from Meta true born musician and 3D avatar TEFLON SEGA (@teflonsega) streaming into CULTR WORLD for the first time. Teflon Sega is signed to EMPIRE Records and has amassed 19m plays on Spotify and 15m plays on YouTube. During the event, CULT&RAIN will airdrop attendees a radical CULTR avatar skin by claiming a POAP, compatible with DECENTRALAND, as well as a site upgrade to be compatible with a VR experience and READY PLAYER ME avatars, to further enhance the experience. ABOUT CULT&RAIN The first luxury fashion brand born from the crypto universe, merging radical NFTs with exclusive physical redeemables. Join our Web3 revolution. Our founder, George Yang is an accomplished fashion creative director with over 20 years of experience across New York, Milan, and Paris; leading international design studios within the luxury & premium fashion industry. He has designed for renowned fashion houses around the globe including Theory, Costume National, Guy Laroche, and Cerruti Paris.

Read More

POS RETAIL

Droppii brings innovative e-commerce business solutions to the United States

Droppii | November 18, 2022

As with many startups, the idea behind Droppii's vision came in the midst of a rapidly growing industry. Over the 21st century, the tremendous growth and power of e-commerce platforms presented a perfect opportunity for entrepreneurial individuals to start their own business online. Through a website, businesses can reach many more customers locally and around the world, and product details and reviews are conveniently located in one place. More businesses by the day are letting go of having brick-and-mortar stores and creating a presence that is entirely online. But starting and managing an online business still comes with many challenges, especially for people who already have day jobs and just want a side hustle to supplement their income. Owning a business requires a lot of time, money, and self-instruction to research products, manage inventory, place advertisements on marketing channels, and safely package and ship products to customers. Given all this, there was an opportunity for a new business model to be developed. Creating innovative business solutions to solve today's problems Droppii's founding idea is that online sellers should be able to focus completely on taking care of their customers and generating sales. To do this, Droppii manages the back-end business operations for the seller, including product inventory, warehousing, logistics, packaging, and shipping directly to customers. This order fulfillment method is known as dropshipping, but Droppii's model differentiates itself through a key feature: buying only the most high-quality, in-demand products from suppliers and offering this curated list of products for sellers to choose from. Products need to have a large market size, have the appropriate certifications (such as FDA approval), and provide a large commission for sellers alongside other criteria that ensure both sellers and customers will benefit. Droppii's business model also includes a range of other crucial services and resources, including business courses for sellers to improve their sales skills; an online Droppii platform for sellers to conduct sales and view analytics; and both online and in-person forums for sellers to build community, discuss strategies, and celebrate successes. "Whether you're a stay-at-home parent, a college student, or a full-time worker, you can be your own boss and set your own schedule as a seller with us. We want to make your side hustle easy for you so that you can focus on what's important - spending time with your family and friends, and saving up for the future." Michael Cox, CEO of Droppii U.S.A. Finding success through curated products and personalized sales Since being founded in 2018, Droppii has experienced exponential growth. From 2020, the startup saw its revenue grow by 1460%. As of late 2022, Droppii has over 65,000 online sellers who have generated sales of over 135,000 types of products each month. Droppii is also looking to partner with more suppliers around the world and educate new markets about suppliers' products. Through Droppii's facilitation, suppliers are able to thoroughly train sellers on their products' benefits and how to best market the products to customers. As a result, sellers are able to provide detailed, personal consultations for customers interested in trying something new. This strategy allows suppliers to improve their sales efficiency, save on advertising and marketing costs, and reinvest the money they just saved back into their business. It also allows the online sales experience to become more personal and centered on the customer's unique needs, just like interacting with a salesperson on the floor of a brick-and-mortar store. In an ever-growing online world, authentic connections and conversations are crucial to building trust and loyalty in a brand.Droppii also provides safe, secure warehousing for suppliers' products through professional fulfillment centers located in Southeast Asia and the United States. Suppliers who don't have much inventory can save on storage costs and improve their distribution efficiencies. When a seller confirms a customer's order, Droppii delivers the product from a fulfillment center directly to the customer's hands. This prevents any potential damage or loss of quality to the product that could occur if it goes through other channels, such as shelves in an in-person store or a seller's home garage. A game-changer in the U.S. market Droppii began in Southeast Asia, but people all over the world can benefit from its comprehensive business services. For the next stage of Droppii's journey, company leadership chose to expand its services to the U.S. The U.S. holds a significant amount of power and influence in the world economy, but it also has a long history and deep culture of entrepreneurship. According to research conducted by the U.S. News & World Report, BAV Group, and the Wharton School of the University of Pennsylvania, the U.S. is ranked as one of the best countries in the world for entrepreneurship and innovation. Droppii's unique business model will be sure to appeal to the U.S.'s enterprising individuals as well as to suppliers looking to grow their audience. The startup's vision is to become a leading innovative e-commerce platform in personalizing sales and curating products. Droppii unites and supports sellers, suppliers, and customers at every step of the sales process to center human connections and improve the experience for everyone. Having just launched their first U.S. marketing campaign, Droppii's next steps are to expand their U.S. operations and logistics, improve the customer experience from the point of order to delivery, and continue production of their "Women in Startup" program series. In each episode, leading experts and entrepreneurs provide mentorship, advice, strategies, and inspirational stories to help women succeed in business. With an intense determination to create impact in the U.S. market and continuously innovate their practices, Droppii is poised to transform the e-commerce industry.

Read More

POS RETAIL

Viva Wallet and Klarna enter Europe-wide partnership

Viva Wallet | November 16, 2022

European cloud-based neobank Viva Wallet is set to further expand the line-up of payment options offered to their thousands of merchants across the continent. Klarna, counting 150 million global active users and 2 million transactions per day, is the latest addition to Viva Wallet's online and in-store innovative payment platforms. Through this partnership, merchants meet the needs of a new generation of shoppers demanding more convenient, flexible payment alternatives that help them stay in control of their finances. Pay in 3, Pay in 30 Days, Pay Now, or opt for Financing to pay over 3-36 months in a smooth one-click purchase; Klarna's payments offering is now added to the collection of over 30 payment options delivered by Viva Wallet, featuring all major international as well as local payment schemes to accommodate all transactions. "Pay with Klarna" will be available to those interacting with the online and brick-and-mortar touchpoints, supported by Viva Wallet POS app that turns any Android mobile into a card terminal, and Smart Checkout payment gateway for e-shops, "allowing consumers to pay when and how they prefer to, saving time and money" as per Klarna's scope. "At Viva Wallet we feel we share the same vision with Klarna; to make payments simple and frictionless. We are excited to add such a forward thinker and leading global player in the payments industry to our ever-growing list of partners. Together, we are improving the shopping experience to fit the needs of the modern consumer, whilst making the integration process as accessible and simple as possible for the merchants that wish to capitalise on this global payments trend," Alexandros Pappas, E-Commerce Director at Viva Wallet. Pay with Klarna" on Viva Wallet payment platforms will be first rolled out in selected European markets, including Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Portugal, Spain, Sweden, and the UK. About Viva Wallet Viva Wallet is a leading European cloud-based neobank, delivering the future of payments, now. With presence in 24 markets, it is the payment institution with the largest footprint in Europe. Viva Wallet mission is to change the way businesses pay and get paid, offering truly unifying, yet localized, end-to-end advanced digital payments solutions and embedded banking services tailored to their needs. Latest innovations include "tap-on-phone Viva Wallet POS app" turning any Android device into a card terminal, and "Smart Checkout" payment gateway that can increase conversion by 21%. An advocate of sustainable cashless economy, Viva Wallet harnesses the power of their disruptive in-house technologies to provide digital payments services in 17 languages and 10 currencies, featuring over 30 payment methods.

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