As the digital payment landscape evolves, brick and mortar retailers are plagued by the advancements in payment processing technologies. Either they need to embrace new innovations and adapt to increasing consumer convenience considerations or choose to lose out on the larger market share. Today, most shopping experience by consumers is online.
Most often, when a buyer arrives at a retail outlet,they already know what they wish to buy. With advances in mobile payments, cashier–less checkout is a booming trend in the brick and mortar retail industry, wherein transactions are performed using QR codes and bio-metrics. However,this technology is expensive to deploy as dedicated lanes and hardware must be installed. High merchant transaction fees also add to the overall cost for merchants.
Wadz offers a simple Blockchain anchored payment platform which can be easily deployed using any smartphone without the hassle of requiring any additional hardware and high unbudgeted cost. The platform is available to both online and retail merchants and the cost per transaction is a mere flat fee of 1%.
The Wadz platform is fast, reliable, scalable and can easily integrate with any existing Inventory management, POS or any other tools a merchant may be using or accustomed to. This ensures the merchant can start accepting digital payments via the Wadz payment gateway in a matter of minutes.Finally,Wadz can also be deployed as a white label/licensed solution in all scenarios:open, semi–closed and closed–loop models.