Consumer shopping enthusiasm has been heavily dropped by the coronavirus outbreak around the world, but a lightly rebound can be seen in China as Chinese authorities distributed digital coupons and subsidiary policies to stimulate customer spending and economic recovery.
According to relevant data, WeChat pays offline total consumption have creased by 30% compared with March during Labor Day Holiday, among which the F&B industry increased by 216.25%, the retail industry increased by 48.44%, and tourism industry increased by 64.48%.
Thanks to digital coupons that can be used in restaurants, shopping centers, supermarkets, convenience stores and entertainment activities, consumers can save certain money even they go shopping. And this mental consolation is conducive to further enhance consumer spending, consumer confidence and helps economic recovery.
If a merchant wants to attract consumers with digital coupons, they need to prepare a smart payment terminal in advance to conduct verification and cancellation. Telpo smart terminal TPS320 is a better choice, which supports QR code contactless payment and digital coupon cancellation.
Importantly, it enables data synchronous upload, accurately analyzes customer flow, a membership registration, member recommendation, promotional activities, and other effects, effectively assist merchants to roll out marketing strategies and improve customer traffic flow and management efficiency.
Telpo TPS320 supports QR code contactless payment and digital coupon cancellation.
In fact, countries include the US, Germany, Japan also took measures to reverse the economic downward trend. Unlike China, they are more preferable to give out stimulus package. However, the way to lift customer spending and smart terminal adopted behind China's digital coupon could be used for reference.
Tag: digital coupon, customer spending, economic recovery, smart terminal, consumer confidence, EVD
Company Introduction: Telpo is solidly located in the smart terminal industry forefront as it sticks to technology-driven and market demand-oriented. With keen market insight, Telpo has developed smart payment, smart community, smart retail, smart restaurant, face recognition temperature measurement, government election, and other scene applications to build a "cloud + terminal" brand and complete solution.
Related Products: TPS320