Scotiabank introduces retail self-checkout, cashless kiosks

July 25, 2024

poc — Nafeeza Gafoor - Country Manager, Scotiabank Guyana uses the self check out kiosks at a local supermarket. Scotiabank provides the proprietary application technology that facilitates the acceptance and processing of payments at these self check kiosks.

See below the full statement issued:

Scotiabank has expanded its digital offerings and, using its proprietary application technology, can help clients elevate their retail shopping experience through self-checkout, cashless kiosks. Clients can now accept and process payments through self-check and kiosk services. This payment solution provides clients with seamless, self-sufficient technology that allows their fund collections to be credited to accounts in 24 hours. Scotiabank is the only bank locally to have invested in its proprietary digital application.

Self-checkout kiosks offer speed and convenience and allows shoppers an enhanced shopping experience by scanning and bagging their items themselves, bypassing traditional cashier lines and reducing waiting times.

Scotiabank offers two solutions from which clients can choose the option that works best for them:

Clients can utilize Scotiabank’s proprietary application for full integration of services

– merchant acquiring services, including the applicable technology for processing the card payments OR

The Bank can partner with a 3rd party Fintech to provide the acquiring

Nafeeza Gafoor – Country Manager, Scotiabank Guyana uses the self check out kiosks at a local supermarket. Scotiabank provides the proprietary application technology that facilitates the acceptance and processing of payments at these self check kiosks.

“This new offering forms part of our commitment to providing clients secure, fast and more convenient solutions, through innovative use of technology. We are pleased to be able to provide clients with a fully connected payment ecosystem to quickly reconcile payments and streamline information reporting. Furthermore, this adoption of technology redefines the Guyana shopping experience in bringing faster, better service to those who want it,” Nafeeza Gaffoor, Country Manager, Scotiabank Guyana commented

Scotiabank continues to make progress against its digital agenda. Most recently the Scotia Caribbean App – a redesigned and enhanced way to bank 24/7 from mobile devices was launched. It boasts of enhanced security and accessibility features that no other bank in the local market offers – biometric sign in, through fingerprint and face recognition. This came on the heels of upgrades to its online banking platform – Scotia OnLine, which now offers clients enhanced security. The Bank is also incorporating digital advancements into its ATM functionalities, with upgrades coming soon, along with an expanded ATM footprint.