Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $4
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events

Innisfree China enables on-floor payments

Innisfree China outlets are eliminating queues by arming each sales person with a mobile POS payment device.
The innovative service was launched by the Korean eco-skincare retailer in conjunction with tech innovator Pospi and the Bank of China at a special event at Grand Hyatt Shanghai. This was attended by payment-service agencies AllInPay and UMS, Verifone China, Star and multinational retailers. Innisfree spoke about its implementation of the Pospi Mobile POS system.
One of the fastest-growing brands under the Amorepacific Group umbrella, Innisfree has been pursuing innovation in products, business modes and IT technologies, GM Cai Jianren told guests.
“We attach great importance to customer satisfaction, and using Mobile POS allows us to offer a personalised and high standard of service at our stores,” he said. As well as eliminating queues, the Mobile POS system had empowered staff members to respond to customers’ requests anywhere on the floor.
Pospi founder Shao Leiming said his innovation-driven startup had solved technical bottleneck problems and broken the barriers of seamlessly integrating mobile POS services with the IT systems of multinational retailers. “It has been proven secure, reliable and efficient.”
Bank of China senior manager Feng Yanrong said the bank had teamed up with Pospi to support the new-generation payment method for Innisfree, marking a new step for the bank in helping multinational retailers enter the smart retail era.
Founded in 2000, Innisfree has achieved global sales revenue growth of 239 per cent. Since entering the Chinese market in 2011, it has opened more than 300 outlets and grown its annual sales revenue by 10 times to RMB 5.7 billion (US$826 million).

You have 7 free articles.