Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >How retailers can create a frictionless customer experience
    Business

    How Retailers Can Create a Frictionless Customer Experience

    Published by Gbaf News

    Posted on May 18, 2020

    6 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    An illustration of retail staff engaging with advanced payment systems, highlighting the transition to omnichannel retail and the importance of smooth payment experiences in both in-store and online environments.
    Retail employees utilizing modern payment systems for seamless transactions - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    By Ciaran Bollard, CEO at Kooomo 

    Customer experience (CX) will overtake price and product as the key brand differentiator by the end of 2020, according to a recent study on consumer trends. This is because successful retailing is not just about quickly selling a single product to one person, it is about creating a satisfying journey for every customer, from initial interest and research, through to item delivery and after-sales support.

    According to a recent SuperOffice report, 86% of consumers are willing to pay more for a great CX, highlighting the value in providing a ‘frictionless’ experience across each touchpoint. If a customer feels their journey has been quick, convenient and successful, they are more likely to feel brand loyalty which will increase the probability of retention and repeat purchases in the future.

    The new generation of omnichannel shoppers

    Ciaran Bollard

    Ciaran Bollard

    Consumers’ desire for a seamless experience has never been higher, as revealed in a study by IDC that suggests omnichannel shoppers have a 30% higher lifetime value than single-channel shoppers. Retailers need to prioritise investing in omnichannel solutions, as ignoring this request from customers may end up costing them in the long-term. A comprehensive omnichannel approach helps brands to ensure the messaging they have worked so hard to develop and refine is clear and consistent across each stage of the customer journey.

    A frictionless CX means the brand messaging is uniform across all available offline & online channels. This should mean the mobile app is as responsive as the website and both the online and physical stores have a unified, complementary design. It also means that any associated product information is accurate anywhere items are listed. Giving customers an option to buy across all channels can generate extraordinary results and retailers should ensure they are offering an easy mobile purchasing experience from as many marketplaces as possible.

    Be communicative across those channels, not just present

    Technological innovations are also vital to maintain communications with customers and create a satisfying CX. Research from Inc. has shown that approximately 51 percent of consumers now say that a business needs to be available 24/7, and a ZenDesk report supports this claim by stating that 92% of customers feel satisfied when they use a live chat feature. In response to this, AI powered chatbots can be added to an eCommerce site to reinforce the CX and increase retention.

    The demands of online shoppers are constantly evolving, and it is obvious that the retail sector has moved beyond the realms of 9-5. Therefore, it’s imperative that eCommerce technologies are used to bridge any gaps between physical and online stores and support this new generation of tech-savvy, on-demand shoppers.

    Capturing your customers’ data

    Gathering data is also essential to provide a frictionless CX as having personal details such as telephone numbers and email addresses allows companies to create that seamless experience between offline and online channels. This data is also valuable as it can be used to influence personalisation, something that 63% of consumers have come to expect. For example, Netflix and Amazon recommendations are now seen as standard for improving the CX by increasing user engagement.

    Catching email addresses as early as possible and getting users to register their account information can be invaluable when it comes to creating a frictionless experience. For example, online accounts allow customers to make quick purchases based on their previous shopping history which helps them continue shopping, even at the point of cart abandonment. According to Marketo, around 96% of visitors to eCommerce sites aren’t ready to buy a product at their first touchpoint, so this will be useful if they drop off for whatever reason.

    Nurture emails are sent to consumers at regular intervals following a customer’s first contact with a brand and act as positive reinforcement that can set the tone for future interactions. As revealed in a report by Campaign Monitor, 53% of marketers stated that having ongoing communication with existing customers results in ‘moderate to significant revenue impact’. Email marketing campaigns should be personalised to customers’ interests and by creating an automated system that can instantly send follow up emails, this will enhance the frictionless CX and help increase sales.

    Research by SuperOffice.com, reveals that 60% of consumers stated they were happy for a business to collect and use their historical data if it could deliver relevant content. 58% of those in the same survey also cited being comfortable with sharing this information as they believed they would receive a ‘better overall experience’.

    Security is paramount

    With all this data comes great responsibility, so collecting any personal information and customer browsing data must be done securely and must abide by all data protection regulations, such as GDPR. CX and security should exist hand in hand, as consumers are savvier than ever and tend to appreciate an extra layer of security, however, this must be easy to navigate with support available on-demand should they run into trouble. Ensure that communications are clear and that online assistants are equipped with the knowledge to address potential login issues.

    Online retailers need to strike a balance between what’s necessary and what’s annoying. Logins that are simple, but lack security are dangerous, while stricter, time-consuming processes may irritate users and put them off altogether. Transparency is key to maintaining the balance between the CX and security, as 74% of consumers believe it’s ‘very important’ or‘ absolutely essential’ that brands tell them exactly what their information is being used for. If it is being used for personalisation and remarketing then make it clear, as this will help to develop a strong relationship of trust and loyalty.

    A frictionless CX is the key to success

    It may take some initial investment and an adaptation of existing processes, but with the right planning and the appropriate tools, retailers with online arms will have everything they need to increase customer satisfaction levels and drive additional sales. A combination of the right eCommerce platform, CRM and marketing automation and AI chatbots will provide them with the foundation on which to create a successful frictionless CX.

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostProviding In-Store Mobility as Consumer Habits Evolve
    Next Business PostWhat Story Does the Office of the CFO Need to Tell Now