Know Ten major factors for Indian retailers to grow using POS

Know 10 major factors for Indian retailers to grow using POS

We have seen that India has started moving towards a cashless economy after demonetization. Customers prefer online payment so all size of businesses accepts multiple payments like cards, mobile wallets, UPI, and many more. One of the most essential parts of any business is the Point Of Sale (POS).

As online transactions increased, card payments at the POS terminal have hit 70% from 40% in 2018, which means that the Indian POS terminal market grows over the forecast timeline.

POS systems are growing to provide access to data and analytics that can help retailers make smarter, data-driven decisions about their business. In order to personalize and improve the customer experience, you need to understand who your customers are, and that can be done by analyzing data and analytics through your POS.

The insertion of debit, credit cards, and mobile wallets is completely high and smartphone users have also grown exponentially. Given this scenario, the POS players could see that smart business tools for small business owners are the need of the hour.

POS provides different upgraded and prominent features to the retailers which help them to run a regular business such as Cash Register which allows the retail merchant to handle the items, take an order, accept payments and generate receipts.

Since the last report shows that in India, the digital payment estimate of the point of sale terminals increased to 3.99 million in June 2019 from 3.31 million in June 2018, an increase of 20.5%, POS helps the merchants to manage their stock by making a product library and you can add, delete, or remove the items in seconds.

The business tool also helps in observing the business growth by providing access to reports on sales, items, and customers all in one neat summary for any date range. The retailers can access real-time data from anywhere making a running business a location-neutral activity.

Cashback, offers, discounts, etc. are a few value-added services provided by POS to help retailers attract more consumers.

A POS terminal can manage your inventory across locations. If you don’t have the product at one location, you can easily check its availability at your other locations.

BillMade POS is widely used in retail, hospitality, healthcare, entrainment, and others. The retail industry is highly dominating the point of sale terminal market. Users can swipe debit cards, credit cards, wallet payments, barcode scanning & QR code scanning for cashless payments. All these functionalities are available in today’s POS devices. Saturo has the compatibility to connect such devices to ERPs using BillMade POS for cashless transactions.

To Know more about BillMade POS feel free to reach us on:

BillMade Website:  https://billmade.com/

Saturo Website: https://www.saturotech.com/

Email ID: marketing@saturotech.com

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