China in-store 2021 will be postponed

Currently, international travel to China still remains highly restricted, and the outbreak of COVID-19 continues to create uncertainties for retail brands in their offline expansion and sourcing plans. In view of the situation, the organizers have decided, after careful consideration, to postpone the 7th edition of China in-store (Shanghai’s International Trade Fair for Solutions and Trends all about Retail), originally scheduled to be held at the Shanghai New International Expo Centre from August 31st to September 2nd, 2021. The new date and planning will be announced in the coming weeks.

“Witnessing normally a high percentage of international exhibitors and visitors, we decide to postpone China in-store 2021 during the special period in order to gain more time on travel normalization, get well prepared to welcome the fully recovered retail industry and to build a higher quality sourcing and communication platform.” said by Marius Berlemann, General Manager of Messe Düsseldorf (Shanghai) Co., Ltd..

For the next edition, China in-store will continue to focus on innovative solutions in five dimensions: Shop Fittings & Store Design, Visual Merchandising, Retail Lighting, Smart Retail Technology and Retail Marketing. The innovative supporting programme, including Retail Stage, H!Tech Stage, ReTailor Hub, EuroShop RetailDesign Award China, Retail Technology Award China as well as Visual Merchandising Challenge will offer the opportunity for visitors to discuss hot topics with excellent solution providers, leading retail brands, shopping mall executives and academic experts.

In the next stage, Messe Düsseldorf Shanghai will organize a series of offline networking events to share retail industry insights and build deep connections. Meanwhile, the organizer will continue to work with trade media, associations, research institutes and the EuroShop Trade Fair Family to collect the latest and most comprehensive retail information for retail professionals and publish on China in-store official website, WeChat and LinkedIn so that retailers can keep up to date with the latest trends in the retail industry.

For more details about , please follow China in-store LinkedIn or visit the official website:http://www.c-in-store.com/en/.

July 27, 2021

Retail Express

Contactless POS installed base to exceed 161 million by 2024

2020-01-06

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New data from Juniper Research forecasts that the installed base of contactless-enabled POS (Point of Sale) devices will exceed 161 million by 2024; growing from 78 million in 2019. Contactless POS devices will then be 94% of all POS devices in use.

According to the research, “POS Hardware: Payments Innovation, Vendor Analysis & Market Forecasts 2019-2024”, this growth will be largely driven by the deployment of contactless POS terminals in the US and the increasing use of contactless payments to replace traditional cash payments in emerging markets.

Juniper Research recommends that hardware vendors focus on enabling higher value contactless payments on existing POS devices by embracing mobile wallets and biometric payments cards at POS.

Contactless transactions at POS are increasingly displacing cash in multiple markets. The research found that the average value per contactless transaction will grow from under $19 in 2019 to over $23 in 2024, with mobile payments and increasing contactless card issuance in the US driving growth. It recommends that POS vendors focus on minimizing the cost of POS hardware solutions to enable further displacement of cash for more diverse use cases such as pop-up restaurants or home services.

The study found that biometric payment terminals, where payments are authorized on the device, are gaining traction in emerging markets. It forecasts that global transaction values for biometric-equipped terminals will increase from $84 million in 2019 to $254 million in 2024; propelled by the acceptance of biometric payments in India and China.

Research author Susannah Hampton explains: “In India, where biometric identity schemes are bringing the unbanked into the financial system, this type of device has high potential. It also has disruptive possibilities in developed regions, where biometric data is already being used in smartphones and identity documents, such as passports. We recommend that established POS hardware vendors develop biometric capabilities early to enable future revenue growth.”

Source: Juniper Research