The technology-based stores will be accessed via a smartphone app so shoppers can gain entry to the store and also make a payment. Because the AiFi solution delivers real-time analytics, k kiosk managers know instantly what inventory needs to be restocked.
“With the k kiosk box, we are taking convenience to the next level making it easier and faster for customers to get what they need," Valora CEO Michael Mueller said.
“Thanks to this relationship with Valora, we will introduce the technology of the AiFi NanoStore to locations where customers really benefit from the most efficient shopping experience, while we also help Valora meet the growing customer demand for a modern, friction-less store. Shopping transactions at these stores can be completed in seconds,” added Steve Gu, CEO and co-founder, AiFi. “As the NanoStore was built with modularity in mind, Valora will be able to use the concept for the k kiosk box and adapt it to the needs of Swiss customers.”
The technology running k kiosk will be AiFi’s NanoStore, a design for an auto-checkout retail format enabling the smoothest shopping experience around the clock. AiFi is pioneering this innovative solution through sensor fusion and Artificial Intelligence. The technology running k kiosk will utilize AI algorithms for real-time people tracking, action and product recognition, as well as camera technology and systems. The on-premise computing inside the NanoStore means there is no need for the cloud and no human intervention, meeting high privacy requirements so customers are satisfied, and privacy is fully protected.