One of the pain points for restaurant customers is the experience surrounding payment, which is why restaurant chain Wagamama took it upon itself to create a cashless experience. Instead of requiring diners to flag down their server to get the bill, patrons of Wagamama are able to use MasterCard MasterPass technology to pay and leave at their leisure.
Designed to do away with servers when it comes to managing money to increase efficiency and time savings, the Wagamama system also allows multiple guests to split bills and leave when they're ready to. Focused on working with consumer lifestyles rather than against them, restaurant chain Wagamama is setting a precedent that could permeate other QSRs in the near future.
Quick Cashless Restaurants
Restaurant Chain Wagamama Incorporates a Quicker Way to Eat and Pay
Trend Themes
1. Cashless Payment - Disruptive innovation opportunity: Explore and implement cashless payment systems to increase efficiency, save time, and enhance the overall dining experience.
2. Server-less Restaurants - Disruptive innovation opportunity: Develop systems to eliminate the need for servers in managing money, streamlining operations and reducing costs.
3. Split Bill Technology - Disruptive innovation opportunity: Create technology that enables easy and seamless splitting of bills among multiple diners, enhancing convenience and customer satisfaction.
Industry Implications
1. Restaurant Industry - Disruptive innovation opportunity: Revolutionize the restaurant industry by adopting cashless payment systems, server-less operations, and split bill technology.
2. Fintech - Disruptive innovation opportunity: Collaborate with restaurants to develop and implement secure and user-friendly cashless payment solutions.
3. Technology Solutions - Disruptive innovation opportunity: Design and offer innovative technology solutions that enable easy and efficient bill splitting options for restaurants and customers.