China's BingoBox, an operator of self-service stores, has tied up with Malaysian companies to bring in the unmanned retail technology powered by image recognition.
The BingoBox Retail Technology was launched on Monday by Scientific Retail, a joint venture between BingoBox and its Malaysian partners.
"We believe that this technology coupled with local enhancement will be ideal for the Malaysian market and we are delighted to be the first partner outside of China to introduce this technology," said Scientific Retail's chief executive officer Ng Seong Ping during the launching ceremony.
He said the management was inspired by the growth of BingoBox, which launched its flagship store in 2016. To date, BingoBox has been installed in over 400 locations throughout China.
"We have generated a lot of interest from various sectors for this technology, and we are looking forward to seeing about 500 retailers using our technology in Malaysia by the end of 2019," he added.
Scientific Retail has collaborated with Shell Malaysia and Malaysia's e-wallet provider Boost to offer the integrated retail technology to Malaysians.
The retail technology features a highly advanced image recognition system that can auto-detect products, and also has sophisticated monitoring and interactive systems, including facial recognition, patented artificial intelligence and theft prevention.
