Presentation at MPE Conference by Vaidas Adomauskas, WoraPay.
- Retail innovations should be led by new customer experiences, not new payment methods.
- New retail experience is NO waiting to pay
- Partnerships with Banks (LLoyds Banking Group) and partners (Mastercard) is key for scale
10. 10,200
work days / year
Lloyds Banking Group staff spend
queuing in cafeterias*
*WoraPay data from services at Lloyds Banking Group cafeterias
**Verifone report 2016-03-24
£1.3 billion
in lost sales each year
due to Brits unwilling to wait in a shop to queue so leaving emptyhanded**
In
numbers…
14. 7%
of Starbucks orders
globally are through mobile order-ahead*
*http://www.businessinsider.com/heres-how-mobile-order-and-pay-could-lift-starbucks-2016-11
**http://www.thisisinsider.com/mobile-order-ahead-apps-are-finding-success-in-the-us-2016-8
$38 billion
industry by 2020
Mobile order-ahead only
In
numbers…
17. „We’ve been able to work together
with WoraPay to solve this
customer pain point –
waiting in line to order and pay.“
Scott Abrahams, SVP, Business Development,
Mastercard
http://newsroom.mastercard.com/eu/news-briefs/worapay-partners-with-mastercard-to-save-time-for-lloyds-banking-group-and-beyond/