Articles tagged with "retail-technology"
Handwave lends a hand to retailers with its European alternative to Amazon’s palm payments
Handwave, a Latvian fintech startup, is developing a European alternative to Amazon’s palm payment system, focusing specifically on retail. Unlike Amazon, which deploys its palm scanning technology primarily in its own stores and a limited number of third-party locations, Handwave aims to partner broadly with retailers by offering its own hardware and software for palm vein pattern recognition and user presence verification. This biometric payment method promises faster, cheaper, and more convenient checkouts without the need for cards, apps, fingerprints, or facial scans, and can also support age verification and loyalty programs. The company plans to charge merchants transaction fees comparable to or lower than standard payment methods. Handwave’s founders, with backgrounds at the global payment provider Worldline, are building an open ecosystem by collaborating with major financial institutions, particularly in Europe. The startup recently signed an agreement with Visa to accelerate deployment across countries and is preparing for market pilots in retail stores. Starting in the European Union, known for its strict regulatory environment, is seen as
IoTbiometric-authenticationcontactless-paymentsretail-technologypalm-scanningfintechhardware-developmentSimbe, Coresight Research study finds retailers urgently need to reduce inefficiencies - The Robot Report
Simbe Robotics Inc. and Coresight Research released the “State of In-Store Retailing 2025” report, highlighting the urgent need for retailers to digitize stores through artificial intelligence and automation to address significant inefficiencies. Retailers currently lose $162.7 billion annually in margin due to in-store inefficiencies—a 27% increase from 2024—primarily driven by shrinkage, manual tasks, and employee turnover. Key operational challenges include promotion execution errors (39%), product pricing errors (37%), and misplaced or missing items on shelves (37%). Although 66% of retailers have begun adopting store intelligence technologies, only 20% have fully scaled these solutions, indicating substantial room for growth. Investment in store intelligence and automation technologies is rising sharply, with a 151% year-over-year increase in planned spending and notable adoption gains in shelf-digitization robotics. Simbe’s autonomous Tally robot exemplifies the benefits of automation, enabling retailers like ShopRite to reduce out
robotautomationretail-technologystore-intelligenceinventory-managementAI-in-retailautonomous-robotsInventory robots come to Sleepy Hollow as Simbe partners with grocery chain - The Robot Report
robotinventory-managementgrocery-retailautomationreal-time-dataoperational-efficiencyretail-technologySimbe upgrades vision platform with AI-powered capabilities - The Robot Report
robotAIcomputer-visioninventory-managementretail-technologyautomationoperational-efficiency