McDonald's Works with Fleetcor Technologies for New Payment Methods
References: mcdonalds.br & reuters
Fast food giant McDonald's works in partnership with Fleetcor Technologies Inc on creating a new seamless payment option in Brazil. This will be implemented to the toll payment on the highway roads to increase the flow through Brazil's Sem Parar collection system. Sem Parar is Brazil's biggest "electronic toll road payment provider." These collectors systems are set between several highways, gas stations, parking lots, and more.
To use the same system through the fast food chain's drive-thrus, consumers simply announce to the employees that they want to use their Sem Parar device. It is attached to the car and functions through a radio frequency to process the transaction and goes directly towards the consumer's monthly charge. This is set to launch in Brazil by the end of January in 100 McDonald's drive-thru locations.
To use the same system through the fast food chain's drive-thrus, consumers simply announce to the employees that they want to use their Sem Parar device. It is attached to the car and functions through a radio frequency to process the transaction and goes directly towards the consumer's monthly charge. This is set to launch in Brazil by the end of January in 100 McDonald's drive-thru locations.
Trend Themes
1. Seamless Payment Options - The partnership between McDonald's and Fleetcor Technologies in Brazil highlights the trend of seamless payment options, opening opportunities for other industries to adopt similar technologies.
2. Integration of Radio Frequency Technology - The integration of radio frequency technology in McDonald's drive-thrus for toll payments showcases the trend of using innovative technologies to simplify transactions, presenting disruptive innovation opportunities for other industries.
3. Collaboration Between Companies - The collaboration between McDonald's and Fleetcor Technologies demonstrates the trend of companies joining forces to create innovative solutions, indicating potential disruptive innovation opportunities across various industries.
Industry Implications
1. Fast Food - The implementation of seamless payment options in the fast food industry, as seen in McDonald's partnership with Fleetcor Technologies, presents opportunities for other fast food chains to enhance customer experience through convenient payment methods.
2. Transportation - The integration of the Sem Parar toll payment system in McDonald's drive-thrus highlights potential disruptive innovation opportunities in the transportation industry, encouraging other businesses to explore innovative ways to streamline payment processes.
3. Technology - The use of radio frequency technology in the Sem Parar toll payment system presents disruptive innovation opportunities in the technology sector, prompting companies to develop advanced payment solutions that offer convenience and efficiency.
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