The retail technologies use palm prints, facial recognition, artificial intelligence, and smartphone apps to replace traditional labor with automated checkout machines and provide a seamless customer experience.
The partnership includes distribution of Xiamen Yidong Intelligent Technology’s E+Store, E+Box, E+Door, E+AI, E+Cabinets, E+Shopping Cart, and related products, and extends for 5 years, with a 10-year renewal option for iFresh.
The Asian-American supermarket chain plans to both use Xiamen Yidong’s smart products in its own stores and sell these products to other interested parties. It also plans to integrate the technology with current US payment systems to make it easier for US vendors to use.
iFresh Chairman and CEO Long Deng said that iFresh is planning to open unmanned convenience stores in the US in the future. Further, iFresh has started to incorporate retail smart technology services and smart technology across the value chain.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright