PAR Technology announced on October 31, 2024, the introduction of Punchh® Wallet, a fully customizable digital wallet designed to seamlessly integrate payment orchestration with loyalty programs. This new offering aims to redefine the checkout experience and enhance how restaurants engage with their guests across all channels.
Punchh Wallet goes beyond streamlining transactions by transforming every interaction into an opportunity for deeper customer engagement. It supports both in-app features, such as saved payments and stored value, and out-of-app options like digital passes and Apple Wallet®, providing restaurants with powerful insights into guest behavior.
Early access customers have already demonstrated remarkable success with Punchh Wallet features, including a reported 6.5x lift in customer frequency. This product launch positions PAR to capitalize on the growing demand for seamless, integrated technology, especially as nearly 80% of Gen Z consumers utilize digital wallets.
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