Retail

Mashgin partners with Keyo for biometric ID for self checkout

Image: iStock

January 17, 2024

Mashgin, a provider of a touchless self-checkout system, has partnered with Keyo and its global biometric identity network for retail self checkout, according to a press release.

The partnership is designed to create a self-checkout experience on par with solutions like Amazon Just Walk Out but at a lower cost and fewer privacy concerns for retailers.

The solution was recently rolled out at a corporate dining facility.

The integration of Mashgin's AI-powered self-checkout and the Keyo Wave palm reader empowers retailers to offer an additional, faster way to pay using Mashgin kiosks.

Customers leverage Mashgin's AI-powered self-checkout technology and then pay with a contactless scan of the hand. Using the Keyo hand scanner eliminates the need for phones, wallets or credit cards.

Mashgin users who pay for their purchases with Keyo save an additional 15% to 30% of total transaction time compared to conventional payment methods — pushing median checkout times for the combined solution to under 10 seconds, according to the press release.

In just three months, adoption rates climbed to 10%, despite the fact that only 5.8% of in-store transactions are paid with mobile wallets. Moreover, with over a 93% retention rate, nearly all users who tried Keyo and Mashgin have continued to use it.