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
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    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.

    Home > Business > Why the hospitality industry is finally turning to payment technology to maximise on revenue post closures
    Business

    Why the hospitality industry is finally turning to payment technology to maximise on revenue post closures

    Published by maria gbaf

    Posted on January 12, 2022

    4 min read

    Last updated: January 28, 2026

    This image depicts a graph showing the significant drop in German retail sales as COVID-19 restrictions impacted consumer behavior during the holiday season. The decline of 5.5% in December highlights the economic challenges faced by Germany's retail sector amid ongoing pandemic regulations.
    Graph illustrating decline in German retail sales amid COVID-19 restrictions - 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

    Quick Summary

    The hospitality sector is embracing payment technology to boost revenue and efficiency, with platforms like sunday offering seamless customer experiences.

    Hospitality Industry Adopts Payment Tech to Boost Revenue

    By Victor Lugger, co-founder of the Big Mamma group and new hospitality payment platform sunday. 

    The hospitality industry has experienced a number of challenges throughout the COVID-19 pandemic, with forced closures and a subsequent staffing crisis, revenue dropped significantly and processes had to be updated. The pandemic influenced an influx of new technology across sectors as new, more efficient practises were born, with a low-touch economy steadily growing in capabilities and avenues.

    The hospitality industry has historically been one of the last to turn to tech and data. While retail peers have harnessed its benefits for sometime now, it made no sense to me that we were not doing the same. Not only was the process of paying the billslowing service and impacting customer happiness, but this outdated format meant that we were learning less from our customers.

    Earlier this year myself and co-founder of the Big Mamma Group Tigrane Seydoux, along with Christine De Wendel, launched sunday, a new innovative payment platform for restaurants. It revolutionises the way that customers pay in restaurants, by enabling diners to seamlessly pay in under 10 seconds. We very quickly experienced an overwhelmingly positive response, from both restauranteurs and users, with the service helping to drive 40% more in staff tips, 10% faster table turnover and a 12% higher spend.

    Here in the UK we partnered with leading POS service Epos Now, to further expand on this service, and tap into our customer data. Connecting two leading hospitality solutions, the cloud-based integration will seamlessly link Epos Now’s point-of-sale system with sunday’s innovative payment platform, enabling venues to simplify the payment process, whilst the integration will also help hospitality operators increase spend, table turnover and staff tips. The data that restaurateurs will now be able to draw from will be invaluable and we are confident that it will positively impact the future of hospitality and the restaurant industry in several ways.

    Since sunday’s launch last March and recent announcement of its $100 million Series A, we have received a staggering response from consumers and business owners as the brand continues to accelerate and grow.. The hospitality industry is in need of a shake up and we are hoping to lend a hand to thousands of restaurants who will need to rethink the way they utilise their technology in order to see them through what is undoubtedly going to be another tough trading year for all.

    Kunwar Gill, VP of Product and Hospitality at Epos Now: 

    Eventually, restaurateurs will be able to use data from reviews, online reservations and other sources to get a comprehensive view of what their customers like and dislike. For example, restaurateurs will discover which items on the menu are selling well and which ones aren’t. Restaurateurs can then take this information into account when they’re creating new menus or revising existing ones.

    Data is critical when it comes to understanding your guests and helping to improve customer service. You’ll be able to see what’s working and where there might be gaps in the experience by collecting more information on your customers’ needs, preferences, behavioural patterns etc. For example, I think it’s important to know if your customers are visiting you because they’re hungry, lonely or just looking for a place to hang out. That way, you can adapt the experience based on their needs and preferences while also ensuring that everything is tailored towards them – whether it be menu items, wines, music, etc. Data can give you these insights by showing you things like how long guests are staying, what they’re spending in your restaurant or bar, and where they’re coming from.

    Data is the key to creating a loyal customer base. By understanding your customers deeply and then showing them relevant offers when they’re in the right location, you’ll be able to develop relationships with returning guests who will hopefully become big spenders over time! For example, if you know that your customers visit the restaurant on Fridays after work, you can send them offers for happy hour. This way, they’ll be more likely to come back and buy more because of the offer, which could lead them to recommend it to their friends too!”

    Key Takeaways

    • •Hospitality industry turns to payment technology post-pandemic.
    • •New platforms like sunday enhance customer payment experience.
    • •Integration with POS systems increases revenue and efficiency.
    • •Data-driven insights improve customer service and loyalty.
    • •Innovative solutions are crucial for future industry success.

    Frequently Asked Questions about Why the hospitality industry is finally turning to payment technology to maximise on revenue post closures

    1What is the main topic?

    The article discusses how the hospitality industry is adopting payment technology to increase revenue and customer satisfaction post-pandemic.

    2Another relevant question?

    How does the integration of payment platforms with POS systems benefit restaurants?

    3Third question about the topic?

    What are the potential benefits of using data-driven insights in the hospitality industry?

    More from Business

    Explore more articles in the Business category

    Image for Empire Lending helps SMEs secure capital faster, without bank delays
    Empire Lending helps SMEs secure capital faster, without bank delays
    Image for Why Leen Kawas is Prioritizing Strategic Leadership at Propel Bio Partners
    Why Leen Kawas is Prioritizing Strategic Leadership at Propel Bio Partners
    Image for How Commercial Lending Software Platforms Are Structured and Utilized
    How Commercial Lending Software Platforms Are Structured and Utilized
    Image for Oil Traders vs. Tech Startups: Surprising Lessons from Two High-Stakes Worlds | Said Addi
    Oil Traders vs. Tech Startups: Surprising Lessons from Two High-Stakes Worlds | Said Addi
    Image for Why More Mortgage Brokers Are Choosing to Join a Network
    Why More Mortgage Brokers Are Choosing to Join a Network
    Image for From Recession Survivor to Industry Pioneer: Ed Lewis's Data Revolution
    From Recession Survivor to Industry Pioneer: Ed Lewis's Data Revolution
    Image for From Optometry to Soul Vision: The Doctor Helping Entrepreneurs Lead With Purpose
    From Optometry to Soul Vision: The Doctor Helping Entrepreneurs Lead With Purpose
    Image for Global Rankings Revealed: Top PMO Certifications Worldwide
    Global Rankings Revealed: Top PMO Certifications Worldwide
    Image for World Premiere of Midnight in the War Room to be Hosted at Black Hat Vegas
    World Premiere of Midnight in the War Room to be Hosted at Black Hat Vegas
    Image for Role of Personal Accident Cover in 2-Wheeler Insurance for Owners and Riders
    Role of Personal Accident Cover in 2-Wheeler Insurance for Owners and Riders
    Image for The Young Rich Lister Who Also Teaches: How Aaron Sansoni Built a Brand Around Execution
    The Young Rich Lister Who Also Teaches: How Aaron Sansoni Built a Brand Around Execution
    Image for Q3 2025 Priority Leadership: Tom Priore and Tim O'Leary Balance Near-Term Challenges with Long-Term Strategic Wins
    Q3 2025 Priority Leadership: Tom Priore and Tim O'Leary Balance Near-Term Challenges with Long-Term Strategic Wins
    View All Business Posts
    Previous Business PostThe Benefits of Portfolio Optimization: Why You Should Consider This Investment Strategy
    Next Business PostDigital ‘transformation’ versus ‘mutation’: challenges and opportunities