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From food to fashion to beauty & wellness, the sector is expected to see an exponential growth by the existing players as well from the new entrants.
Apart from regular categories such as apparel, footwear and consumer electronics categories such as online medicine, grocery are few newly emerged segments which are fetching a lot of attention.
Retailers today are faced by infinite opportunities with what they can do with video captured via CCTV. Using tools like predictive analytics, they can essentially turn each image into measurable and actionable insights.
Digital Payment was yet another topic that was touched at IReC 2017. The digital payments is one the emerging verticals in the country, and is expected to touch USD 500 billion by 2020.
Firstly I learnt the power of data, became aware of the variety of technology, and followed it by learning the art of being agile. It was time for me to go about a systematic way of incorporating it into my being.
Most big format retail stores have started depending heavily on technology and have several loss prevention solutions in place. However, thefts and rendering useless merchandise keeps occurring as shoplifters find newer ways to steal/ shoplift a product o
Under this offer, customers will have the option to pay in easy instalments without any processing fee, hidden cost or interest.
In terms of services, it includes, tie-up with various banks to provide sufficient number of swipe machines (POS) to exhibitors to facilitate the payment transactions by visitors through debit/credit cards.
With notes going out of circulation, people can use credit/debit cards, net banking or gift cards to purchase their products. This results the customers to save cash for necessity and chose to pay through online mode.