Singapore, August 17th, 2016 TabSquare, a Singapore based startup that offerscloud-based operations management and customer engagement platform for the Food & Beverage (F&B) industry, today announced the launch of its new payment feature in collaboration with PayPal. The new payment solution is part of its SmartTab, in-restaurant dining solution.
TabSquare is collaborating with PayPal to bring, pay-at-the-table solution to restaurant customers in Singapore. The entire payment process is seamlessly integrated with TabSquare’s SmartTab e-menu system where customers can conveniently make payment through their mobile phones after they have finished dining. Currently, making payments at restaurants can take anywhere between 10 to 15 minutes, especially during peak hours. “With the new TabSquare integrated payment solution, customers will be able to make payment for their meal in a couple of minutes,” said Sankaran Sreeraman, Co-founder of TabSquare who worked with the PayPal team in the development of this innovative feature. “This will also help restaurants become more efficient in their operations, improve staff productivity and increase table turns, thus directly helping them achieve better profitability” he added.
TabSquare’s SmartTab helps the restaurant owners/manager manage complete dining experience from the time the customers step into the restaurant to the time they leave. From sending orders directly to the kitchen, redeeming vouchers, viewing their bill to making payments or giving feedback, the complete dining experience can be completed on the SmartTab without having to wait for the waiter.
We see making secured payments at the restaurant table as one of the most important pain points that we have been trying to solve. Over the past two months, TabSquare has worked hand-in-hand with the team at PayPal to bring this unique payment feature to Singapore restaurants which will make the payment process extremely seamless and quick.
“TabSquare’s vision is to create next generation smart restaurants that are empowered by technology to deliver a more meaningful and fulfilling dining experience to their customers. By harnessing the power of data and automation, TabSquare enables restaurants to operate with 30-50% reduced headcount and improve table turns by up to 15% while the data-driven smart recommendations help restaurants to upsell and cross-sell, thus increasing the average check size by up to 10%. Its our small contribution to the Smart Nation objective.” said Chirag Tejuja, Co-founder of TabSquare.
Founded in 2012 by three INSEAD graduates, Anshul Gupta, Chirag Tejuja and Sankaran Sreeraman, the key idea behind TabSquare was to create an end-to-end technology platform for the Food and Beverage (F&B) industry that makes each interaction between the restaurant and their customers more meaningful, efficient and profitable, whether the customers are inside or outside the restaurant. TabSquare has pioneered a Smart (Data-driven) restaurant management and customer engagement platform that helps the restaurants provide a much better dining experience to their customers while delivering real impact on a restaurant’s bottom line with up to 50% reduction in front-of-house manpower requirement, up to 10% increase in average bill values and improved customer reviews. TabSquare currently works with over 150 Restaurants from 60+ F&B brands across Singapore, Japan, Hong Kong and Indonesia including Creative Eateries, Far East Hospitality, Japan Foods Holding, Star Cruise, Tadcaster Hospitality, Zingrill Holdings (Seoul Garden) and many more well known and established F&B brands.
Media Contact: Karen Yee, +65 9109 8824 | Karen@tabsquare.com