MishiPay offers a mobile self-checkout solution that enables customers to scan items and pay directly through their smartphones, eliminating the need for traditional checkout lines. This technology addresses long wait times and labor shortages in retail by streamlining the payment process and enhancing the in-store shopping experience.
Funding
$11.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AEFounders
Product
Problem
Traditional retail checkout processes often lead to long queues and require significant staffing, creating friction for customers and operational challenges for retailers. Labor shortages further exacerbate these issues, impacting customer satisfaction and potentially leading to lost sales due to abandoned baskets.
Solution
MishiPay provides a suite of self-checkout solutions, including a scan-and-go mobile app, self-checkout kiosks, RFID self-checkout, and mPOS systems, designed to streamline the in-store shopping experience. The mobile app allows customers to scan items and pay directly via their smartphones, bypassing traditional checkout lines. The self-checkout kiosks offer an alternative for customers without smartphones or those who prefer a more traditional self-service experience. MishiPay integrates with existing security systems to prevent theft and provides retailers with shopper data insights to optimize store layouts and product placement. The platform aims to reduce wait times, increase sales, and improve overall customer satisfaction.
Target Audience
MishiPay targets retailers across various sectors, including grocery, convenience, lifestyle, sports, fashion, and travel retail, seeking to improve the in-store shopping experience, reduce operational costs, and address labor shortages.
Features
- Scan & Go mobile app enabling customers to scan items and pay via their smartphones
- Self-checkout kiosks for customers preferring a traditional self-service experience
- RFID self-checkout for faster scanning and reduced queuing
- mPOS (mobile Point of Sale) solutions for flexible checkout options
- Integration with store security systems to minimize theft
- Real-time shopper data insights, including browsing behavior and abandoned basket analysis
- Bespoke branding options to showcase the retailer's brand within the MishiPay app
- Support for various payment methods
- Solutions for weighted/loose items and age-restricted purchases (e.g., alcohol)
- Offline mode for uninterrupted service in areas with poor connectivity
- Item recommendations to drive basket increase
- Dashboard for HQ, store managers, and staff to manage the system and access data