#mpos in india

[mordormr]

India POS Terminals Industry: Market Overview and Key Trends

The India POS Terminals market size is projected to be USD 33.26 billion in 2024 and is expected to grow to USD 63.17 billion by 2029, with a compound annual growth rate (CAGR) of 11.49% during the forecast period from 2024 to 2029.

Market Overview

India's point-of-sale (POS) terminals market is witnessing rapid growth as the country transitions toward a more digital and cashless economy. Driven by government initiatives like Digital India, the expansion of the e-commerce sector, and the rise of contactless payments, the POS industry in India is set for significant expansion in the coming years. In this blog, we explore the current landscape of the Indian POS terminals market, key trends, growth drivers, and

Key Segments

The POS market in India can be segmented based on product type, end-user industry, and region:

Product Type: Hardware (traditional POS terminals, mobile POS systems) and software (cloud-based POS systems).

End-User Industry: Retail, hospitality, healthcare, transportation, entertainment, and more.

Region: Metro cities like Mumbai, Delhi, and Bangalore dominate the market, but tier-2 and tier-3 cities are also experiencing rising adoption due to the increasing penetration of digital payments.

Market Drivers

1. Increasing Digital Payment Adoption

India is experiencing a shift from cash-based transactions to digital payments, driven by the government’s push for financial inclusion and the introduction of initiatives such as Demonetization in 2016, Digital India, and UPI (Unified Payments Interface). These efforts have accelerated the adoption of POS terminals across various industries, particularly in retail and small businesses.

2. Growth of E-commerce and Omnichannel Retailing

India’s e-commerce market is rapidly expanding, with more consumers turning to online shopping. To offer a seamless shopping experience, both online and brick-and-mortar retailers are adopting omnichannel strategies that integrate multiple payment options. POS terminals play a critical role in this ecosystem by enabling retailers to accept payments both in-store and online, manage inventory, and analyze sales data in real time.

The shift towards omnichannel retailing is encouraging retailers to upgrade to advanced POS systems that not only facilitate payments but also provide valuable business insights.

3. Rise of Contactless Payments and mPOS

The COVID-19 pandemic has accelerated the shift towards contactless payments as consumers and businesses seek safer and more hygienic payment methods. Near-field communication (NFC)-enabled POS terminals and mobile POS (mPOS) systems are gaining popularity due to their convenience and enhanced security features. This shift is particularly visible in sectors like retail, hospitality, and transportation, where quick and touch-free transactions are essential.

Mobile POS systems, which turn smartphones or tablets into payment terminals, are increasingly being adopted by small businesses and startups due to their affordability and portability.

4. Government Initiatives and Policies

Government initiatives aimed at boosting digital payments and financial inclusion are a key driver for the growth of POS terminals in India. Programs such as Jan Dhan Yojana, Bharat QR, and the expansion of UPI have created a robust digital payments infrastructure, increasing the need for efficient POS terminals in urban and rural areas alike.

Emerging Trends in the POS Industry

1. Cloud-Based POS Systems

Cloud-based POS systems are becoming increasingly popular in India due to their flexibility, scalability, and ability to provide real-time data analytics. These systems allow businesses to access their sales and inventory data from any location, which is particularly beneficial for multi-location retailers.

2. Integration of AI and Data Analytics

POS terminals are evolving from simple payment processing tools into comprehensive business management solutions. The integration of artificial intelligence (AI) and data analytics into POS systems allows businesses to gain valuable insights into customer behavior, sales trends, and inventory management. This helps retailers optimize their operations, improve customer service, and boost profitability.

3. Biometric Payment Solutions

With the growing emphasis on security in digital transactions, biometric authentication is gaining traction in India’s POS industry. Biometric-enabled POS terminals that use fingerprint or facial recognition for payment authentication are being explored as a way to enhance security and prevent fraud.

4. POS Financing Solutions

In a bid to attract small businesses and retailers, some POS providers are offering financing solutions, allowing merchants to lease or purchase POS terminals with easy payment plans. This is helping expand the adoption of POS systems, particularly among small and medium enterprises (SMEs) that may find the upfront costs prohibitive.

Conclusion

The POS terminals market in India is on a strong growth trajectory, driven by the increasing adoption of digital payments, government initiatives, and technological advancements. While challenges remain, the opportunities for growth are immense, particularly as the market continues to expand beyond urban areas into smaller towns and rural regions.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/india-pos-terminals-market 

[electronalytics]

Mobile Point of Sale (mPOS) Market Analysis 2023 Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast till 2032

Mobile Point of Sale (mPOS) Market is expected to reach nearly USD 446.3 billion by 2032 from USD 17 billion in 2021, growing at a CAGR of 33.5% during the forecast period 2022-2032.

The competitive analysis of the Mobile Point of Sale (mPOS) Market offers a comprehensive examination of key market players. It encompasses detailed company profiles, insights into revenue distribution, innovations within their product portfolios, regional market presence, strategic development plans, pricing strategies, identified target markets, and immediate future initiatives of industry leaders. This section serves as a valuable resource for readers to understand the driving forces behind competition and what strategies can set them apart in capturing new target markets.

Mobile Point of Sale (mPOS) Market projections and forecasts are underpinned by extensive primary research, further validated through precise secondary research specific to the Mobile Point of Sale (mPOS) Market. Our research analysts have dedicated substantial time and effort to curate essential industry insights from key industry participants, including Original Equipment Manufacturers (OEMs), top-tier suppliers, distributors, and relevant government entities.

Advantages of global market research reports include:

Comprehensive Data: They provide extensive data on global markets, allowing businesses to make informed decisions on a global scale.

Market Insights: Reports offer insights into international market trends, helping companies identify new opportunities and threats.

Risk Assessment: Businesses can assess global risks and regulatory environments, minimizing potential pitfalls.

Competitive Analysis: Reports enable companies to understand global competition and refine their strategies accordingly.

Expansion Opportunities: They help identify potential international expansion markets and entry strategies.

Data-driven Decisions: Reports support data-driven decision-making for global business planning and growth.

Receive the FREE Sample Report of Mobile Point of Sale (mPOS) Market Research Insights @ https://stringentdatalytics.com/sample-request/mobile-point-of-sale-(mpos)-market/2551/

Market Segmentations:

Global Mobile Point of Sale (mPOS) Market: By Company • Ingenico S.A. • PAX Technology Ltd. • Oracle Corporation (MICROS Systems, Inc.) • VeriFone Systems, Inc. • HP Development Company, L.P. • Toshiba Corporation • Intuit, Inc. • First Data Corporation • iZettle AB • PayPal Holdings, Inc. • Square, Inc. • Dspread Technology, Inc. Global Mobile Point of Sale (mPOS) Market: By Type • Full mPOS • Semi-mobile POS • Mobile Phone POS Global Mobile Point of Sale (mPOS) Market: By Application • Restaurants • Retail • Health Care • Hospitality • Logistics

Regional Analysis of Global Mobile Point of Sale (mPOS) Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Mobile Point of Sale (mPOS) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Click to Purchase Mobile Point of Sale (mPOS) Market Research Report @ https://stringentdatalytics.com/purchase/mobile-point-of-sale-(mpos)-market/2551/

Key Report Highlights:

Key Market Participants: The report delves into the major stakeholders in the market, encompassing market players, suppliers of raw materials and equipment, end-users, traders, distributors, and more.

Comprehensive Company Profiles: Detailed company profiles are provided, offering insights into various aspects including production capacity, pricing, revenue, costs, gross margin, sales volume, sales revenue, consumption patterns, growth rates, import-export dynamics, supply chains, future strategic plans, and technological advancements. This comprehensive analysis draws from a dataset spanning 12 years and includes forecasts.

Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.

Data Segmentation: The data and information are presented in a structured manner, allowing for easy access by market player, geographical region, product type, application, and more. Furthermore, the report can be tailored to accommodate specific research requirements.

SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.

Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.

Mobile Point of Sale (mPOS)Market research reports serve several important functions in business and decision-making processes. These reports provide valuable insights and data that help businesses make informed strategic decisions. Here are some key functions of Mobile Point of Sale (mPOS) market research reports:

Market Assessment: Market research reports assess the current state of a specific market. They provide data on market size, growth trends, and potential opportunities and threats. This helps businesses understand the market's attractiveness and potential for expansion.

Competitive Analysis: Market reports often include information about competitors in the market. This includes their market share, product offerings, pricing strategies, and strengths and weaknesses. This analysis helps businesses identify their competitive advantage and develop strategies to stay ahead.

Customer Insights: Reports may include data on customer preferences, demographics, and buying behavior. This information is crucial for businesses to tailor their products or services to meet customer needs effectively.

Market Trends: Market research reports track and analyze market trends, such as technological advancements, regulatory changes, and consumer preferences. Staying updated on these trends helps businesses adapt and innovate.

Demand and Supply Analysis: Reports provide data on supply and demand dynamics within a market. This information helps businesses optimize their production and distribution strategies.

Risk Assessment: Market reports often include risk assessments, highlighting potential challenges and threats in the market. This allows businesses to develop risk mitigation strategies.

Investment Decisions: Investors use market research reports to assess the viability of investment opportunities. These reports provide insights into the potential return on investment and associated risks.

Product Development: Businesses can use market research to identify gaps in the market and opportunities for new product development or improvement of existing products.

Marketing Strategy: Market reports assist in formulating marketing strategies by providing insights into target audiences, effective communication channels, and promotional tactics.

Expansion Planning: For businesses considering geographical expansion, market research reports provide valuable information on new markets, local preferences, and regulatory environments.

Financial Projections: Market reports can be used as a basis for financial projections and business planning, helping companies set realistic goals and budgets.

Regulatory Compliance: Reports may include information on relevant regulations and compliance requirements, helping businesses ensure they operate within legal boundaries.

Mergers and Acquisitions: Market research is essential for evaluating potential merger or acquisition targets. It helps assess the target company's market position and growth prospects.

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[payomatix]

Exploring The Diversity Of Payomatix’s White-Label Solutions

Introduction

In today’s dynamic business landscape, adaptability and choice are paramount. This holds true, especially in the realm of payment processing solutions, where businesses require flexibility and customization to meet their unique needs. Payomatix understands this necessity and offers an array of versatile white-label solutions that empower businesses to craft payment experiences that align with their brand and customer expectations. In this blog, we’ll take a closer look at the diverse range of white-label offerings from Payomatix, highlighting their features and functionalities.

Understanding White Label Solutions

Before we delve into the specifics of Payomatix’s white-label offerings, it’s essential to grasp the concept of white-label solutions. These are pre-built, customizable products or services provided by a third-party provider, like Payomatix, which businesses can rebrand and integrate seamlessly into their operations. White label solutions offer a convenient way for businesses to access advanced functionalities without the need for extensive development.

Payomatix’s White Label Solutions

Payment Gateway: At the heart of online transactions lies the payment gateway. Payomatix’s white-label payment gateway solution is a robust and versatile option for businesses. It enables seamless payment processing, supports various payment methods, and ensures the security of transactions.

Payment Page Customization: Your payment page is often the last touchpoint before a customer completes a purchase. With Payomatix, you can customize this page to match your brand’s aesthetics, ensuring a consistent and professional appearance.

Unified Payment Interface (UPI) Solutions: UPI has gained immense popularity in India for its convenience and speed. Payomatix’s white-label UPI solutions allow businesses to tap into this trend, offering customers a familiar and trusted payment method.

Mobile Point of Sale (mPOS): For businesses that require a mobile payment solution, Payomatix’s white-label mPOS offers a versatile and user-friendly option. It empowers businesses to accept card payments anywhere, enhancing flexibility and customer convenience.

Invoicing and Billing: Simplify your invoicing and billing processes with Payomatix’s white-label solutions. Create professional invoices, manage recurring billing, and streamline financial operations.

The Benefits Of Choice

The diversity of Payomatix’s white-label solutions is a testament to the power of choice. Businesses no longer need to compromise when it comes to payment processing. Whether you’re a startup looking for a streamlined payment gateway or an established enterprise seeking a comprehensive invoicing solution, Payomatix has you covered.

Conclusion

In a world where businesses must constantly evolve to meet changing customer expectations, having a range of choices is a significant advantage. Payomatix’s suite of white-label solutions provides this advantage, allowing businesses to tailor their payment processes to their unique requirements.

With Payomatix, businesses can elevate their payment experiences, enhance brand consistency, and optimize financial operations. The power of choice is in your hands, and Payomatix is here to support your journey toward payment excellence. Embrace the diversity of white-label solutions and unlock new possibilities for your business.

[neerumundair]

Digital Fintech Company in India, AEPS White Label, B2B B2C Travel Portal, digiipay fitech company , B2B Mobile Recharge Software, White Label Solutions (Own Brand Portal), Super Distributor, Money Transfer, BBPS, Flight Hotel Bus Booking, GST Registration, B2B Travel Agency, IRCTC, mPOS Device , Swipe Machine.

[worldwideanalysis]

Stable Growth Predicted in Global mPOS Terminals Market During 2020—2030

The global mobile point-of-sale (mPOS) terminals market had a valuation of $19.5 billion in 2019. According to the forecast of P&S Intelligence, a market research company based in India, the market will demonstrate a CAGR of 17.9% between 2020 and 2030. The prominent factors driving the expansion of the market across the world are the rising requirement for enhanced customer experience among businesses and the growing popularity of cashless transactions.

Businesses and retail outlets are increasingly adopting mobile POS solutions for enhancing the experience of their customers. Moreover, long check-out queues at large stores and markets usually result in the wastage of time of customers. The adoption of mobile POS terminals allows customers to complete the purchase of the product from the main product area in the store. This is done by digitally paying for the products right at the main product areas.

This way, the usage of mobile POS terminals mitigates the problem of long check-out queues and waiting hours, which, in turn, leads to greater customer satisfaction. This helps improve the brand image and builds brand loyalty and trust among customers. Apart from these factors, the rising popularity of cashless transactions is also fueling the surge in the demand for mobile POS terminals across the world. Based on component, the mPOS terminals market is divided into hardware and software.

Between the two, the software category is predicted to register faster growth in the market in the future years. This will be because of the rapid adoption of mPOS solutions for inventory management, customer relationship management, and sales forecasting. When deployment type is taken into consideration, the mPOS terminals market is classified into cloud and on-premises. Of these, the on-premises category registered higher growth in the market during the last few years.

This was because the on-site deployment of mPOS terminals provides several benefits such as the ability to customize the mPOS solutions according to the requirements of the store owners, lesser reliance on various third-party vendors, and greater control on the data. The market is also categorized, on the basis of application, into retail, hospitality, food service, warehouse, sports and entertainment, and healthcare. Amongst these, the retail category will register the highest growth in the market in the future.

This will be because of the increasing adoption of the point-of-sale technology by various retailers around the world. This technology helps retail outlets mitigate the issue of long queues and attain higher sales than before. For example, mPOS systems were deployed by Walmart Inc. for the quick on-the-spot check-out in as many as 350 stores in the U.S. in 2018. Globally, the market exhibited the highest growth in the Asia-Pacific (APAC) region in the past.

Furthermore, the APAC mobile POS terminals market is set for rapid expansion in the forthcoming years. The main factor driving the progress of the market is the rapid advancement of the healthcare, retail, and hospitality sectors, on account of the economic growth of regional countries such as China and India. Besides this, the presence of a flourishing retail industry and the rising popularity of contactless transactions are also contributing toward the growth of the market.

Hence, it can be said with certainty that the market will register huge expansion all over the world in the coming years, mainly because of the rising requirement for faster and contactless payment procedures and the growing demand for quicker check-out times in stores around the world.

[mswipes]

Mswipe Android POS Machine and MPOS machines allow smooth business transactions. Mswipe is one of the leading Pos billing machine service providers in India.

[technuter]

UPI transactions witnesses 650% rise at semi-urban and rural stores

PayNearby said that there was a growth of 25% and 14% in value and volume respectively, in assisted financial transactions across semi-urban and rural retail counters in India in 2022. This indicates a behavioural shift in consumers in these regions, with more citizens adopting assisted digital means for their banking and lifestyle requirements and getting incorporated into the formal economy. The growth figures have been observed across different product offerings of PayNearby, including Unified Payments Interface (UPI), cash withdrawal, MSME credit, utility payment, cash management, assisted e-commerce and more. They were availed by citizens through local retail counters like kirana stores, mobile recharge stores, medical shops, customer service points (CSPs), travel agents, etc. As per the report, Unified Payments Interface (UPI) transactions saw a whopping 650% and 500% increase in value and volume across PayNearby retail counters, representing the growing adoption of UPI beyond Tier II regions in the country. This also highlights the pivotal role UPI can play in promoting digital financial inclusion. The insight was shared as part of the second edition of the pan-India report titled ‘Retail-O-Nomics’, released by PayNearby. The report has been prepared basis transactions across a million plus retail touchpoints throughout the country. The findings of the report are based on business data collected for a comparison period, ranging from January to October 2022 vis-à-vis the same period during 2021. In a key insight, the report states that the mPOS business has seen more than 100% growth, along with over 25% increase in demand for micro ATMs and mPOS instruments. The upswing in demand for digital payment options at retail outlets underlines the critical role played by small retail stores in bridging the infrastructure gap and driving financial inclusion at the last mile. Cash withdrawal business through micro ATMs and AePS, which continues to be one of the major income drivers for semi urban and rural digital counters, has seen an overall growth of 8% in value and 9% in volume respectively. Cash withdrawals through micro ATM has witnessed a 25% increase in value and 28% increase in volume as compared to the same period last year. This growth figure shows the growing role played by this portable digital device in ensuring easy accessibility of bank accounts, while helping merchants use cash-at-store more effectively and augment their income. However, there has been a slight dip in the average cash withdrawal per transaction from INR 2620 in 2021 to INR 2595 in 2022. As per the report, semi urban and rural India were an equal participant to this double-digit growth in assisted financial transactions, and the rate of adoption was comparable between urban and rural underserved demographics. The report also indicates a sharp growth of over 200% in the cash collection business (including EMIs) with a monthly average of INR 1400 crores, indicating demand for lending and other financing solutions, bouncing back to the pre-pandemic levels. Increased demand was witnessed across most cash collection processes, including collection from logistics and ecommerce companies, which saw a leap of over 89% in volumes. Insurance premiums at retail stores, too, saw a massive 370% in growth and 365% increase in customers during the survey time-period. Commenting on the report findings, Anand Kumar Bajaj, Founder, MD & CEO, PayNearby, said, “The findings in the report are inspiring and emphasise the fact that Bharat is gearing to walk hand-in-hand with India. Bharat is aspirational, and the increased offtake of green shoot services like assisted commerce, OTT subscription, micro-lending validates our commitment to make these services easily available at a store nearby. We have serviced close to INR 70,000 crores of digital services in the first 10 months of this calendar year and the steady growth of cash withdrawal business, together with the fast track adoption of some of these green shoot services indicate a steady recovery of our economy post the devastating impact of the pandemic. We will continue to strengthen our efforts to simplify high end technology, so that most services can be democratised and made available to all through our well entrenched Distribution-as-a-Service network. It is also heartening to see an accelerated demand within the retail community to make assisted financial transactions available at a store nearby. This is not only a great income generator for the merchant, but also helps build the nation grounds up and bridge the gap between Bharat and India. PayNearby, Zidd Aage Badhne Ki.” Subscription-based digital services, such as OTTs, online education, online gaming have also seen positive growth. Even though the numbers are small, it validates a latent demand for such services and the growing affinity of digital products in a post-pandemic Bharat. The bill payments service at local stores witnessed an increase of 12% in value and 10% in volume. Mobile recharges grew by 18% over last year. Travel bookings saw a rise of 8% in flight and 6% in rail bookings this festival season, compared to the same period last year, driven largely by visiting friends and family, traveling to their natives for the festival. The report also highlights an 88% uptick in Pan Card issuance quarter on quarter. All of these indicate that the local kirana store has evolved into a multi-utility point for consumers for meeting most of their financial and digital needs. Micro-credit for MSMEs, also saw a growth of 263% during this period; indicating a huge latent demand for viable credit in this segment that needs to be addressed for India to transition to the next stage of development. In another interesting observation, around 32% of the banking transactions were registered during the non-banking hours between 6.00 pm to 12.00 am. This underlines the crucial role retail outlets play in serving the masses with their banking and digital needs. Read the full article

[erasamuel]

Optical Interconnects Market Growing Popularity and Emerging Trends in the Industry

The Latest Released market study on Global Optical Interconnects market provides information and useful stats on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Besides, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Optical Interconnects market. What’s keeping II-VI Incorporated (United States), Lumentum Operations LLC (United States), Molex, LLC (United States), InnoLight Technology (Suzhou) Ltd. (China), NVIDIA Corporation (United States), Fujitsu Ltd. (Japan), TE Connectivity (Switzerland), Amphenol Corporation (United States), Accelink Technology Co. Ltd. (China), Juniper Networks, Inc. (United States), Infinera Corporation (United States) Keep Growing in the Market? Benchmark yourself with the strategic moves and latest Market Share and Sizing of Global Optical Interconnects market recently published by AMA Optical interconnects are a form of communication that uses optical cables instead of conventional cables. Optical cables have a far higher bandwidth than traditional cables. For both telecoms and datacoms, optical technology is a promising, energy-efficient solution for meeting increased bandwidth requirements. Since light can pass through dielectrics and even vacuum, optical interconnect is an interesting alternative to metallic wires. One of the main factors driving the optical interconnect market is the adoption of cloud databases. Storage-as-a-service (SaaS) and platform-as-a-service (PaaS) cloud storage systems have greater scalability by expertly managing complex data and storing it for later use. Optical interconnect is more cost-effective than networking infrastructure because it uses less electricity.

The Optical Interconnects Market segments and Market Data Break Down by Type (Cable Assemblies (Indoor Cable Assemblies, Outdoor Cable Assemblies, Active Optical Cables), Connectors (LC Connectors, SC Connectors, ST Connectors, MPO/MTP Connectors), Optical Transceivers, Fibre and Waveguides, Silicon Photonics, Others), Application (Telecommunication, Data communication), Level Type (Chip- & Board-Level, Board-To-Board and Rack-Level, Metro & long Haul), Fiber Mode (Single Mode Fiber, Multi-Mode Fiber (Step Index Multi-Mode Fiber, Graded Index Multi-Mode Fiber)), End-Use Industry (Energy & Utility, Consumer Electronics, Automotive, Chemicals, IT&Telecommunication, Others)

On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa. What’s Trending in Market: Continuous Development in the Digital Transformation across the World Market Opportunities: Increase in Use of Optical Interconnects in High-Performance Computing Applications

Mounting Demand from Emerging Economics such as China, Brazil, India, among others

Highlights of Influencing Drivers: Higher Adoption of Big Data Analytics In Growing Economies

Increasing Demand for Highly Secure and Safe Wiring Systems in Industrial and Commercial Applications Presented By

AMA Research & Media LLP

[ramkumar010809-blog]

REALCASH DRIVES CASHLESS PAYMENTS, ENABLINGCASH NO MORE A KING

Now, it’s the era of accepting digital payments in India. No worries of limited or minimum cash, now cards will do the talking in the wallet. This is the change anyone can get after demonetization. Standing in those long queues to put cash in the bank, or to take out money from the ATM is not the needed thing now.

After demonetization, most of the merchants are willing to accept digital payments while majority of consumers are adopting cashless payments, a survey by the Centre for Digital Financial Inclusion (CDFI) and Indian Institute of Management Bangalore (IIMB) has found. The ‘Going Cashless?’ a report said 63% of merchants are inclined to accept cash free payments. It also said that the rural consumers are equally distributing in cashless payments. The major positive for the digital payments ecosystem of the country is the highest ever transaction volume in October, a jump of 10% in September.

Consumers are constantly adapting to card payments over cash payments with the growth of debit / credit cards. While smartphone-based transactions jumped, even the card payments has been the main driving force in terms of the number of digital transactions which have also been climbing steadily.

RealCash’s mobile point of sale allows merchants to turn their smartphones or tablets in a card swipe machine, which is an important innovation when it comes to accepting payments. RealCash mPOS also enables smaller merchants to keep up with more big and easy trends of digital payment. The mPOS technology has become an only thing for every sized merchant to adopt. With RealCash Technologies Limited, payments made easy whether it is a card payment or it is a payment through e-wallets.

Besides card payments, the most touted benefit which came after demonetization was the immense growth in the payments via e-wallets. Going to the ATM just does not make sense anymore with RealCash Technologies Limited. With apps like MobiKwik, PayU Money, Freecharge, Airtel Money and Citrus Pay, cash transactions seem pointless and time-consuming. The key thing with e-wallets is they are cheaper, smoother and more widely accepted alternatives to cash payments.

While the overall shift to cashless payments seems complex, but the opportunity this technology carry with it is available for all types of business of all sizes. Enabling business with the use of new payment methods gets the merchants long term benefits from all the sides.

Source: Economic Times

[indizombie]

Reliance is working to create the world's largest online-to-offline e-commerce platform in the country. It is looking at installing its Jio MPoS (mobile point-of-sale) device at kirana stores to connect neighbourhood suppliers to its high-speed 4G network that can be used by its customers to order supplies. Jio MPoS is available at a one-time investment of ₹3,000. Jio MPoS has no merchant discount rate (MDR) on any charge and offers a loyalty programme, it said, adding its monetization strategy include merchandise delivery, advertising and supply-side aggregation.

'Reliance will change the way you buy things; digitise 5 mn kirana shops by 2023', Livemint

[cyrusrechargesolutions]

Best Company That Offers Advance All in One Recharge Software

Cyrus Recharge is India’s fastest-growing software company. We offer the best all-in-one Mobile Recharge Software along with all one RechargeAPI and BBPS. We are already working in this industry for a very long time. Our professional developers are experts in developing the software as per the client’s requirements. We have recently upgraded our software with specific features. This up-gradation enables our software to perform in a more flexible and reliable way. We provide fast and Online Mobile Recharge  with high commission.     

Cyrus Online Recharge Software  is having a strong presence and portfolio in the Software industry. We provide you cost-effective services to start your profitable recharge business. Moreover, we have a complete Multi Recharge Software application ready with all advanced functionalities to run a multi-recharge business. On the other hand, BBPS is an add-on feature of all-in-one recharge software. Imagine the number of customers visiting your shop just to get their bill payment done. 

The day-to-day bill payment is done frequently like every month or quarterly. It could be a long-term business plan for you. Furthermore, the demand for this service will never go down. Because people would no longer prefer to stand in a long queue to pay their bills, they can simply visit your shop rather than covering a long distance. 

Conclusion

Start your own business and earn a good profit. We will provide a safe and secure portal that is user-friendly. Moreover, our all-in-one Mobile Recharge Software is advanced and updated with the latest features. You can create unlimited members under your admin account. Customers can use the support system to send their concerns to the owner. You can easily manage this Online Recharge Software. It is easy to use and there is no technical knowledge needed.

[mswipe1]

Mswipe mPOS or POS machine allows smooth business transactions. At affordables price, and suited for all kinds of bussinesses, Mswipe POS billing machine is one of the leading swipe machine serivce providers in India

[ezulixaeps]

Looking AEPS Service App with Secured B2B Admin Portal?

Payment methods are changing over the time with technology. India is moving towards digital banking. Government is encouraging and supporting cashless society in India by starting new banking alternatives like AEPS service. In this article, I will explain about AEPS service and AEPS service app with it’s benefits and key features. 

So without wasting time, I come to the point. 

Why AEPS is in Demand? 

AEPS stands for Aadhaar enabled payment system. This is a payment method that encouraging banking in rural areas where no banking solutions available. AEPS is aadhaar card centric banking solution that can be performed by visiting nearby business correspondent. 

To perform AEPS service, bank customer’s bank account must be linked with Aadhaar card. 

Business correspondent has an AEPS service app linked with any bank through AEPS portal provider company. 

It means no matter where you are living, If you have Aadhaar card in India, you can use banking anywhere hustle-free. 

Best AEPS Service App Provider Company in India

So If you are planning to start your own AEPS business as an admin and  looking for best AEPS service app provider then you are at right place. 

Here I will explain you how you can start AEPS with your brand, your logo with top AEPS company.

Ezulix software is well known AEPS service provider company in fintech Industry that offers cost-effective AEPS service app integrated with b2b admin portal. 

We have skilled AEPS software developers who are expert in fintech solution development. 

We facilitate you secured AEPS service app integrated with AEPS portal and your brand website. As an admin, you have all the rights of your portal. You can make unlimited members and can provide all bank AEPS service by the name of your own brand. 

For members we have AEPS service app so that they can easily access all banking services. Members can login into your admin app and can earn commission by offering banking services. 

Also Read This: Top 5 AEPS Company 2022

Why Start AEPS Business with Brand Ezulix? 

 We provide you standard b2b AEPS software with AEPS service application and website. 

Most of the retailers don’t have budget to buy a system like laptop or desktop. To resolve this problem, we provide AEPS service app to admin. All members can use AEPS service by login in this application. 

This AEPS service app is fast, secured and easy to use for everyone. Members just have to login in this app and connect it with bio metric machine for user-authentication. 

That’s it. 

Admin can change software theme, function, services as per need

3 Tier security levels 

24*7 real-time AEPS settlement

Provide AEPS service through multiple banks 

Integrated with high commission AEPS API

Unique design 

Success ratio of AEPS transaction is 99.7%

We provide you micro ATM with add-on mPOS feature

Manual training and free tech-support

So these are few highlights of our AEPS cash withdrawal app. You can manage all your members and employees by using its add-on employee management system. 

Along with this, your members can use Khata Book and Online Shopping Features totally FREE. 

Conclusion

Starting AEPS business in 2022 can be a great move by you. If we talk about AEPS transactions over the years, it is increasing exponentially. 

Profit percentage is high while risk of failure is very low in AEPS business If you do it by process and by following guidelines of NPCI. 

To start AEPS business with us, you have to apply for a free live demo. Our team contact you and explain you everything step by step. This is totally FREE. 

[fintechtoday]

One Stop Solution for All B2B Banking Services

If you are planning to start your own mini banking business and looking for a solution that can provide all banking solutions then this is for you. 

Ezulix software is a leading mini banking solution provider company in India. Our skilled and experienced professional team developed an advanced standard b2b solution with unique features and a complete banking solution.

By using our Ezulix mini banking portal you can offer all the following services to your members and can earn the highest commission-

AEPS Cash Deposit 

AEPS Cash withdrawal

Mini Statement 

Balance Enquiry 

AEPS Fund Transfer 

Micro ATM

UPI Collection 

These are all the services that an admin portal avail to their CSC bank mitra and can make a profit. 

Features of Ezulix Mini Bank Portal That Attract Business for You?

We provide you standard b2b admin portal through which you create unlimited mini bank all over India. 

Along with this, you can make any changes in your portal as per your choice. Admin has all control on his down line as well as packages and services. 

There are few feature of our mini bank portal that make it awesome in market. 

Fully Customized & Based on Latest Technology

99.7% Success Ratio in banking transaction 

Unique design with all banking services

Members can take 24*7 real time settlement 

mATM machine is accomplished with mPOS features 

Highest commission based on NPCI norms 

Lowest surcharge on domestic money transfer

Accept payment through UPI & earn commission

We provide you free manual training and lifetime free tech support so that you can run your business easily and smoothly. 

For more details visit my blog or apply for a free live demo. 

[researchnesterinsights]

Restaurant Point-Of-Sale (POS) System Market Astonishing Growth, Technology and Forecast 2027

Research Nester has released a report titled “Restaurant Point-Of-Sale (POS) System Market – Global Demand Analysis & Opportunity Outlook 2027” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.

The statistics portray the growing restaurant industry which is anticipated to raise the demand for automation of operational processes of restaurants, so as to further improve sales. The growing sales of the industry can be attributed to the increasing footfall of customers, dynamic change and expansion in product line of restaurants, increasing customer loyalty programs, and other back end processes, such as increasing number of vendors, and others. Balancing all of these factors without the implementation of software and systems is a difficult task for restaurant owners. The difficulties observed by restaurants in managing operational processes is anticipated to raise the demand for restaurant POS systems amongst restaurants, which will also help these players to stay ahead of competition.

Additionally, rising food expenditures in restaurants is also anticipated to increase the pressure on owners to manage their sale records and also increase their chances of making mistakes, which is also anticipated to fuel the growth of the market.

The restaurant POS system market is anticipated to record a CAGR of around 11.14% over the forecast period, i.e. 2019-2027. The market is segmented by product type into fixed POS terminals and mobile POS terminals. Among these segments, mobile POS terminals segment is anticipated to hold largest market share on account of increasing demand for wireless technology and growing adoption of mobile devices, such as mobiles and tablets.  mPOS solutions work with the help of a software or an addition of hardware as an attachment to the mobile device, and are also capable for increased mobility, providing utilization of the system from remote places.

Request Sample of This Strategic Report @ https://www.researchnester.com/sample-request-2052

Geographically, the restaurant POS system market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, Asia-Pacific is anticipated to hold largest market share on account of nations such as China and India among others, where the food industry is growing at a rapid pace, owing to favorable demographic conditions and increased disposable income levels. Additionally, demand for display kiosk and tablet systems owing to rapidly changing product offerings in the menus of the restaurants, and the need for increased operational efficiency and customer experience enhancement, all of these factors are estimated to fuel the growth of the market in the region.

Moreover, North America is anticipated to gain significant market share on account of the rising restaurant industry in the region, along with the presence of numerous vendors supplying POS systems for restaurants.

However, high deployment costs associated with restaurant POS systems and the concern for unavailability of skilled personals for operating the system is estimated to act as a barrier to the growth of the restaurant POS system market during the forecast period.

This report also studies existing competitive scenario of some of the key players of the restaurant POS system market, which includes profiling of Diebold Nixdorf, Incorporated (NYSE: DBD), Ingenico Group (EPA: ING), Micros Retail Systems, Inc., NEC Corporation (TYO: 6701), NCR Corporation (NYSE: NCR), PAR Technology Corp. (NYSE: PAR), Panasonic Corporation (TYO: 6752), SAMSUNG (KRX: 005930), Toast, Inc. and Touch Bistro, Inc.

Ask the Analyst@ https://www.researchnester.com/sample-request-2052

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact Us

AJ Daniel Email: info@researchnester.com U.S. Phone: [+1 646 586 9123] U.K. Phone: [+44 203 608 591]

Research Nester

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

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Ecuzen Holi Offer In AEPS Software

Ecuzen Holi Offer In AEPS Software

If you are planning to start your own b2b business and looking for opportunity then this holi may fill wonderful colors in your life. Ecuzen software is a leading b2b software provider company in India over the last few year . We provide all fintech services like AEPS, BBPS, multi recharge, money transfer, pancard (UTI and NSDL), all travel bookings (bus, flight, hotel), mPOS, micro ATM, prepaid…