State Trading Organization’s (STO) new STO Smart Store which is currently in development; will be officially opened in March 2023 according to Managing Director Husen Amr.
The STO Managing Director confirmed this via Twitter on 13th February, Monday.
This is the first time a ‘Grab and Go’ concept shopping outlet is being developed in the Maldives. The new STO Smart Store is located at STO Hulhumale’.
Grab and Go retail shopping is a popular concept in several countries where customers are not required to checkout their items from checkout counters and do not have cashiers either.
STO said that with its new ‘Grab and Go’ concept shopping outlet, the shopping time is significantly reduced for the customers as well as omits any confusion when making transactions. The AI cameras in the store are responsible for monitoring the inventory and counting the stock.
The STO Smart Store allows all transactions to be made via a smartphone application. Customers can register their debit or credit card details and create a login ID. Payments are made ‘tokenization’ feature on the app.
STO also confirmed that its new Smart Store will feature all the available products from its general retail portfolio.