Currys has collaborated with Stripe to modernise its in-store payment systems, rolling out new Stripe terminals across almost 300 stores in the UK and Ireland.
Under the agreement, the UK electricals retailer will deploy thousands of terminals designed to support quicker transactions, mobile payments and future capabilities, including artificial intelligence (AI)-enabled shopping experiences.
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The upgrade is part of Currys’ ongoing store transformation initiative, which has already seen the introduction of staff headsets and electronic shelf-edge labels throughout its network.
It also includes a three-way arrangement between Currys, Stripe and Pennies to introduce in-store charity donation prompts at the tills.
Currys chief information & transformation officer Andy Gamble said: “This is about building the store of the future, today. Stripe’s platform makes checkout faster, but more importantly, it gives us the flexibility to adopt innovations as they emerge.”
Currys said this is the first time globally that Stripe terminals have been used to support Pennies’ micro-donation model, allowing customers to round up purchases for charitable causes.
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By GlobalDataThe implementation is being delivered with support from solutions integrator Insight.
Currys said the updated payment technology and charity donation functionality are intended to enhance the in-store customer experience while enabling the retailer to adopt future retail technologies.
Stripe EMEA chief revenue officer Conor McNamara added: “We’re thrilled to partner with Currys as they modernise the in-store experience across the UK and Ireland. With Stripe Terminal, Currys can adopt new types of commerce as they emerge—from AI-assisted shopping to in-person charity giving through Pennies.”
Earlier this month, Currys posted half-year revenue of £4.23bn ($5.65bn) for the period to 1 November, up 8% reported (6% currency-neutral) driven by 4% like-for-like growth.
Group adjusted pre-tax profit jumped 144% year-on-year to £22m, and free cash flow rose 68% to £84m.
