Razorpay POS, the offline payments arm of fintech giant Razorpay, has launched ‘Q-Zap’, an innovative suite of solutions designed to eliminate queues and expedite checkouts in retail stores. Aimed at reducing billing wait times by 40 per cent, Q-Zap promises to transform the in-store customer experience and significantly cut down annual operating costs for retailers by up to 20 per cent.
Q-Zap addresses a common pain point in retail: long checkout lines. By enabling payments beyond the traditional billing counter through self-checkout kiosks and handheld POS devices, Q-Zap allows customers to complete their transactions anywhere within the store. This not only reduces wait times but also enhances overall customer satisfaction.
Q-Zap integrates seamlessly with over 120 billing partners, significantly speeding up implementation from the industry standard of 4 weeks to just 4 days. The solution supports all major payment methods, including UPI, credit cards, and debit cards, across networks like Visa and Mastercard. By eliminating the need for stationary cash registers, staff can focus on providing better service, including answering customer queries and assisting with checkouts.
Commenting on the launch, Rahul Kothari, Chief Operating Officer, Razorpay, said, “At Razorpay, we are committed to empowering businesses with tools that ensure seamless payment experiences. Q-Zap, our queue-busting solution, aims to not only eliminate tedious checkout lines for customers but also to free up in-store staff’s time so they can be available to customers and provide them assistance, which could include answering questions or facilitating customer checkout. As India’s consumer market evolves dynamically, so do the needs of businesses. With the market poised for exponential growth, achieving the ambitious $2 trillion target by 2033 requires robust infrastructure. Razorpay prides itself on innovation, constantly developing agile solutions to address key pain points in the entire money movement journey of not just online businesses, but offline too.”
With Q-Zap, Razorpay POS continues to enhance the in-store payment experience, providing multiple touchpoints for customers and constantly reinventing payment solutions. As the retail landscape evolves, Razorpay is dedicated to staying ahead with innovative offerings that cater to the dynamic needs of businesses and consumers alike.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
