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