How Restaurants Are Keeping Up With The Cashless Trend
With demonetization taking no step back, more and more people are adapting to the cashless life. As the pockets went dry the Indian market witnessed a significant drop especially restaurant industry.
November 9, 2016, has been marked as the day of peculiar events in World history. Not only for Donald J. Trump becoming the President of the USA but Narendra Modi taking the very bold move of demonetizing notes of Rs 500 and Rs 1000! In the frenzy of a few hours the entire country was forced to dump their paper notes, hit the panic button and go cashless.
With the minuscule transaction limit and ATMs always out the cash, hysteria took over pretty quickly. As the pockets went dry the Indian market witnessed a significant drop especially restaurant industry. Specifically, the small restaurants, who run on a cash only mode were hit the worst by the demonetization wave.
As there is no undo button on demonetization, more and more people are opting for cashless methods of payment. Even at restaurants and fast food joints, consumers are first confirming the acceptance of card payments or online payments before even considering to dine at the restaurant joint.
Helping restaurants keep up with the change, online food ordering systems like Foodchow is like as a blessing in disguise for restaurant owners.
Cashless businesses is the need of the hour and using the latest technology, we're giving our clients exactly what they need at affordable rates.We're not just helping them save their business in the competitive market but actually thrive with the cash free business model.
-Mr. Jigar Doriwala, Founder of FoodChow.
Foodchow is basically a user-friendly digital menu that allows restaurants to publish their menu digitally and get their orders online. They allow restaurants owners to switch to the cashless model of payment in a matter of hours.
What's more, the online food ordering system is actually free! Any type of restaurants- be it a café, a bistro, a fine dining restaurant or a fast food joint- can use the solution for free and only pay a small transaction fee on successful orders.
A lot of restaurants using Foodchow are in fact embracing the cash-free business. According to them, cashless business releases them from an immense load of processing and chances of human error that comes monitoring and depositing cash.
The savvy UI of the digital restaurant menu offers the customers an enriching experience of online food ordering. Customers can easily access the App from their smartphones or tablets and place and pay for their order online. Moreover, the system seamlessly integrates with the restaurant POS system and provides a real-time update of all transactions.
This is a win-win for both the parties, as restaurateurs can run their business smoothly without the hassle of rendering notes or moreover not being able to accept notes from customers. And as a consumer, they don't need to spend hours in the ATM line to get a simple cheeseburger or forgo their cravings. They can simply place the order online through Foodchow and pay for their meal through one of the many online payments options by Foodchow.
FoodChow is an online food ordering and marketing platform that offers restaurants to take online orders from their smartphones or tablets. It's currently serving restaurants in India, Australia, U.K, Saudi Arabia, U.A.E, and Malaysia.