As the was curious to know what professionals working in the payments industry think when it comes to the future of retail checkout it ran over the last two months a poll on forecasting when no check-out at physical merchants’ would become a common practice in Europe.
The question asked to all participants to the poll was the following: “by when in Europe it will be a common practice to no longer check-out at physical merchants’? (i.e. payments taking place in the background)”.
The results were as follows:
In 3 years (12%)
In 5 years (32%)
In 10 years (29%)
More than 10 years (26%)
To sum up, nearly one half of the participants to the poll say that no check-out at physical merchants will become a common practice by 5 years and some 55% think it will take 10 or more than 10 years:
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