Banking

The Future of Banking: How Shop Pods Are Transforming Financial Services on the High Street

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In recent years, traditional brick-and-mortar retail has faced increasing challenges from online shopping. The COVID-19 pandemic has only accelerated this trend, with many high street stores struggling to stay afloat as consumers turn to online shopping for safety and convenience. However, one company may have found a solution to this problem: Shop Pods.

Shop Pods are small, modular retail spaces that can be placed in convenient locations such as retail parks and supermarket car parks. They offer the benefits of a physical store, such as high footfall and the ability to showcase products in person, but without the high rent and utility costs that come with a traditional shop. This makes them an attractive option for businesses looking to expand their presence without breaking the bank.

But it’s not just retail businesses that can benefit from Shop Pods.
In fact, the future of banking in the UK could lie in these small, modular structures. Barclays recently announced plans to launch a series of “banking pods” in response to changing customer needs and the closure of many of its traditional branches.

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The bank’s move towards more flexible banking formats is a smart one, as it allows for greater convenience for customers who may not have the time or inclination to visit a traditional branch. By placing banking pods in convenient locations such as retail parks and supermarket car parks, Barclays can reach a wider customer base and provide more accessible banking services.

But it’s not just about convenience. The use of Shop Pods for financial services also has the potential to save banks money. Traditional branches are expensive to operate, with high rent and utility costs. By contrast, Shop Pods are much cheaper to operate, allowing banks to save money on overheads and pass those savings on to customers in the form of better interest rates or other benefits.

Kings Croft Hotel Logo white

Using these pods we were able to turn empty outdoor spaces at our restaurant into money making areas and double our revenue almost overnight. We have been fully booked since.

Rosie
Kings Croft Hotel

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Overall, though, the use of Shop Pods for financial services is an exciting development that could transform the way banks serve customers on the high street. With the convenience of parking and high footfall in retail parks and supermarket car parks, as well as lower rent and utility costs, it’s no wonder that Barclays and other banks are exploring this option.

The future of banking may just be a small, modular structure in a car park near you.

FINANCE OPTIONS ARE ALSO AVAILABLE

The perfect space for you, your family or your customers to enjoy the outside from the inside all year round. We also sell a range of extras including concrete / timber bases, laminate flooring, Frame build and installation, Dining furniture, heating and lighting.

For more information, addons, installation, bespoke building work and finance options call us on 01733 665 295