The retail payment scenario is changing rapidly. With the advancement of mobile POS, every employee is now a potential cashier. First, credit cards replaced a substantial percentage of cash transactions; and now, smartphone-enabled digital wallets have the potential to phase out credit cards for in-store purchases.
This infographic, courtesy of Merchant Warehouse, covers the evolution of the customer checkout experience, from the pre-electronic era to the advent of NFC and EMV.
Source: Merchant Warehouse