Delaware North is teaming up with Pockyt to try to extend its reach with international consumers. Pockyt is a payment start-up that allows shoppers to complete transactions with QR codes, while Delaware North is a hospitality and entertainment company that operates more than 200 locations across the US at destination venues like airports, stadiums, and casinos.
The partnership with Pockyt will allow Delaware North to accept payments from people all over the world. The company’s payment platform is compatible with 14 digital wallets, including several (such as AliPay and WeChat Pay) that are more popular outside the US. As a result, US merchants that adopt the Pockyt platform can accept payments from those other wallets just as easily as payment methods that have more support domestically, and do not need to purchase any new hardware in order to do so.
Pockyt supports both online and in-person transactions, and can be integrated directly into a retailer’s Point-of-Sale or e-commerce platform. The system can also be configured based on the merchant’s needs. For example, restaurants can print a QR code on the bill they bring to the table, and customers can scan that code with their mobile device to complete a sale. Some merchants may ask customers to scan a QR code displayed on a screen, while in other cases, customers can bring up a QR code on their own phone, and the establishment can read that code with a standard barcode scanner.
Venmo, PayPay, UnionPay, and Klarna are some of the other payment methods supported through the Pockyt platform. Pockyt payments are completely contactless, while the platform itself bypasses a merchant’s current payment infrastructure and does not affect its PCI certification. For its part, Pockyt believes that its solution can help boost a retailer’s retention rates and gain access to customers beyond its immediate sphere.
“By removing payment friction, Pockyt allows all businesses to connect with a high value, untapped global customer base of over 2 billion people who engage digitally with brands and venues,” said Pockyt Founder and CEO Mason Lin.
“We chose Pockyt because of their focus on alternative digital payments and the quantity of options we can offer our customers with one single integration,” added Delaware North CIO Jeff Wilkinson. “Pockyt seamlessly connects to our retail, food and beverage and property management systems while also providing the safest, most secure payment option when it comes to customer data and privacy.”
Grand View Research has predicted that the mobile payment market will hit $273.1 billion in 2028. The GSMA, meanwhile, has reported that mobile money platforms now process more than $2.1 billion in transactions on a daily basis.