Dominos is testing cashless stores, where customers are only able to pay with debit or credit cards, or using digital services like ApplePay, Android Pay, or PayPal. This also extends to deliveries, and is testing is occurring across five stores in Australia. The company has indicated that the new method of payment will make the store more efficient, by cutting down on wait times. The company also notes this will protect employees from carrying cash.
Australia is a good location to test the cashless stores, due to the country making moves away from physical money. The country recently outlawed cash purchases over $15,000.
The cashless stores follow the pizza giant's ethos, as the company has explored many different methods of delivery. Some notable trials have included options to order pizza from a car and testing drone as well as autonomous vehicle deliveries.
Currency-Free Pizza Establishments
Dominos is Testing Cashless Stores that Take Cards & Mobile Pay
Trend Themes
1. Cashless Stores - Cashless stores are becoming more prevalent due to the convenience and safety they offer, allowing opportunities for mobile payments and digital wallets.
2. Mobile Payment Dominance - Digital payment platforms, like ApplePay and Android Pay, are increasingly becoming the preferred payment method as businesses cater to the tech-savvy customer.
3. Delivery Innovation - Delivery services, like drone and autonomous vehicle delivery, have become an important focus for businesses as they strive to offer faster and more efficient delivery services to customers.
Industry Implications
1. Food Service - Cashless stores and mobile payments within the food industry are creating safer and more efficient dining experiences, with opportunities for innovative ordering and payment systems.
2. Technology - Innovative payment platforms are becoming increasingly important in all industries from retail to entertainment, providing opportunities to create and improve upon mobile payment systems and digital wallets.
3. Delivery - The delivery industry is rapidly investing in autonomous and drone delivery systems, creating opportunities for businesses to create innovative and efficient delivery options.