GETSWIFT PARTNERS WITH COMMBANK TO CHANGE THE FACE OF RETAIL DELIVERY

GETSWIFT PARTNERS WITH COMMBANK TO CHANGE THE FACE OF RETAIL DELIVERY

PUBLICLY listed delivery software company GetSwift (ASX: GSW) has announced its biggest partnership yet; a multi-year agreement with Commonwealth Bank (CBA) to improve systems for CBA's retailers.

GetSwift will ramp up logistics for CBA's Albert POS system, the bank's signature EFTPOS smart-tablet, so that each vendor which uses Albert POS is constantly ready to manage its deliveries swiftly.

The improved system will automatically queue, batch, route and dispatch the delivery of any goods which have been purchased through Albert POS.

GetSwift's network of delivery drivers will also be equipped with an Albert POS terminal, which will allow consumers a choice to pay for goods on arrival, instead of prior.

Executive chairman of GetSwift Bane Hunter says the new system will allow Australian retailers to compete more evenly with the world's biggest tech-commerce companies when it comes to the way goods are delivered.

"This integration will take delivery from being a fringe benefit to a norm for Australian retail, and will usher in a new era of convenience for shoppers," says Hunter.

"For vendors, it's a cost-effective way of tackling the threat from Amazon, Foodora, UberEats and Deliveroo and other global technology companies attempting to capture this space."

GetSwift estimates the deal will result in more than 257 million deliveries on its platform over the next five years, resulting in an estimated transaction value of $9 billion.

The new system is expected to rollout nationwide in 2017.

Business News Australia

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

REA Group buys full stake in end-to-end property sales interface Realtair

REA Group buys full stake in end-to-end property sales interface Realtair

Realestate.com.au operator REA Group (ASX: REA) has acquired the re...

Breakthrough Victoria up to the test with $15m investment in Liquid Instruments

Breakthrough Victoria up to the test with $15m investment in Liquid Instruments

A Canberra-born, San Diego-headquartered technology company that re...

TrueState raises $1.5m towards AI app template platform

TrueState raises $1.5m towards AI app template platform

Sydney-headquartered artificial intelligence (AI) app template star...

Crypto platform Block Earner not out of the woods as ASIC appeals court ruling

Crypto platform Block Earner not out of the woods as ASIC appeals court ruling

Cryptocurrency trading app Block Earner has been brought back into ...