Virtual Reality Poised to Revolutionize Retail, Check-Out Experiences

indexAt the recent CNP Expo, Payscout offered a virtual reality (VR) premiere, showcasing the global eCommerce market and the entrepreneurial opportunities it provides.

The presentation (viewed through VR Oculus headsets) gave attendees at the CNP Expo a vivid and exciting overview of the “rich promise of global eCommerce.”

“We think the presentation will strike a personal chord with CNP attendees and we’re expecting it to be the must-see event of the show,” says Payscout CEO Cleveland Brown. “Virtual reality has the potential to transform payments, and eCommerce in particular. It is our pleasure to be the first to introduce it at the payments-centric CNP Expo, especially at this early stage in its commercial development.”

Brown believes virtual reality to be a tremendously important emerging technology. And others clearly agree.

Indeed, tech powerhouses like Google, Samsung, Microsoft, Sony, Apple, and Intel are all creating VR software and hardware to establish a platform they say will be as appealing and useful as the mobile phone—or even the Internet itself.

By some estimates, the market for visual reality will be worth $150 billion by 2020.

Consequently, it’s no surprise why the company brought its technology to the CPN expo.

“For these few days, it’s a crossroads for people seeking opportunities in global eCommerce, and that ties directly with Payscout’s mission to ‘support the entrepreneurial dream one transaction at a time’ and the company’s ‘Go Global Now’ turnkey boarding platform,” Brown added. “As a thought leading global payment processing provider, it’s the right place for us to be, and it’s the right place for the message we’re bringing. We are very pleased to be at the forefront of showcasing VR to our industry colleagues and the industry’s CNP customers.”

“This is a tremendous opportunity for Payscout to bring attention to how VR fits into our vision for global entrepreneurialism—we think people will be blown away by the presentation—and it will also help with educating the payments community about this up-and-coming technology,” Brown concludes.