Modern Retail Businesses: How to Thrive in 2025
Adapting to rapid shifts in customer behavior is crucial for businesses of all sizes. These shifts are frequently driven by technological advancements and economic changes. To remain competitive and project professionalism, we recommend using EDC card machines, an essential tool for modern retail stores that can create profit opportunities for your business.
What is a Retail Business?
A retail business involves the buying and selling of goods or services directly to consumers. It distributes products to the end consumer who purchases them for personal use. Examples include convenience stores, pharmacies, cafes, supermarkets such as Tesco Lotus, Big C, as well as department stores such as The Mall, Central, and Robinsons.
Why Modern Retail Stores Should Have Card Machines for Payments?
The trend of cashless payments is growing, leading consumers to choose other payment options over cash. These include credit or debit cards, e-wallets, or QR code PromptPay. It is essential for modern retail businesses to adapt and facilitate acceptance of these payment types. Here's why you should consider using EDC card machines in your retail business:
o Increase Sales Opportunities: EDC card readers offer various payment services, facilitating tourist spending with support for Alipay and Alipay+, which are popular among foreign tourists. They are easy to use, convenient, and can accurately convert foreign currencies to Thai baht.
o Safer than Cash Payments: Reduces the need to keep large amounts of cash in the store's cash register, and provides convenience for customers who do not carry cash.
o Daily Transaction Report Service: Helps stores plan marketing strategies, design products that cater to customer preferences, and gain insights for future marketing efforts.
o Systematic and Fast Sales Revenue: Banks transfer sales made through card machines the next day, saving time in managing store finances.
o Reduce Cash Handling Issues: Prevents common cash-related problems such as accounting discrepancies, lost money, incorrect change, or employee theft.
o Store Standardisation and Customer Image Enhancement: Projects an image of professionalism, user-friendliness and reliability to customers by supporting modern payment methods.
Where to Get an EDC Card Reader for Modern Retail Businesses?
Given that retail businesses distribute products directly to consumers, and consumers use various payment options, having a comprehensive card reader service is a wise investment for your business’s future. GHL is a leading provider of EDC card readers that supports a wide range of payment methods and offers installment plans with 6 banks in Thailand to help boost in-store sales and enhance customer retention.
Interested in knowing more about GHL's services and how we can help take your business further? Contact us today at:
Call: 0-2440-0111
Or click: https://th.nttdatapay.com/contact