The digital wallet refers to an electronic device that allows consumers to make electronic commerce transactions. After pre-bundling credit card or bank account information into the application, consumers can enjoy the advantage e-payment in a quick and easy way. Nowadays, digital wallet has become a popular payment method across retail industry. From the MasterCard's Mobile Shopping Survey conducted in December 2015, 48.5% consumers in Asia made purchase using smartphones, and one in five are now using digital wallet, which is a twofold increase from 2 years ago. In mainland China, the use of digital wallet is approximate 45% and becomes the biggest adopter of digital wallet in the region.
To cope with the ever-changing financial technology (FinTech) development, C&T's flagship Enterprise Retail Management (ERM) software product – ChainStorePlus ERM upgrades features to keep pace with fast-moving mobile trends. The newly released payment module is now available to support various digital wallet, including Apple Pay, WeChat Pay and Alipay.
The function is built on sophisticated ChainStorePlus platform with integration of merchant-selected payment gateway:
1. In transaction, consumer can simply activate the digital wallet mobile application and select “Payment”. A dedicated transaction QR code will be displayed after entering the security code.
2. Scanning the QR code to acquire consumer's information, the merchant can start the process of payment.
3. With the new payment module in ChainStorePlus, the system will display the settlement amount in assigned payment method automatically. Transaction details can be shown clearly in pre-defined sales invoice for record purpose.
Applying FinTech brings convenience and efficiency to ChainStorePlus' customers. Professionals from ChainStorePlus assist merchants to deploy the new generation of payment in retail store with thoughtful programming design. The latest released module can help to improve shopping experience and usability of Point-of-Sales in a modern way.