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When the COVID-19 pandemic hit the whole world, one of the industries that faced severe impact was the restaurant business. Since then, the restaurant industry went through various changes to counter such situations (if struck again in the future). The consumer’s needs also evolved, and business owners have to change their traditional practices to meet
A POS System is the backbone of the whole backend operation of the business within one system. It is a vital component that integrates multiple departments into a single system that helps in speeding up the whole process.
TRADITIONAL POS TRENDS
The use of a traditional point-of-sale system was to capture billing, inventory, and payment details. They were
If we talk about the business world, then 2020 has been the year of innovations and digitalization. Many changes were witnessed throughout the year because of the ongoing pandemic. Retailers, distributors, manufacturers, everyone started looking for innovative solutions that can enable them to work remotely, with safety and security. And POS systems are one
When the COVID-19 pandemic started, the sector which was greatly impacted by it was the SMEs. To be more specific, the retail sector got hit the worst. Inefficiencies, visibility, profitability, and liquidity issues surfaced for SMEs when a sudden lockdown was announced country-wide. It took a while, but everyone began to realize that the answer to
When the pandemic started and the global lockdown was announced, the first challenge that retailers faced was to cop-up with the sudden rise in essential items. At that time, many challenges surfaced like inventory management, handling sudden demand-outburst, internal theft, etc.. After that, online ordering and delivery of items was introduced at a large
Since the start of this global pandemic, there have been dramatic changes in our lives, and the business models of almost every industry. People started adopting online shopping & payment methods, home delivery of groceries experienced a huge boost, and much more. The COVID-19 also accelerated the demand for cashless payment modes as consumers want to
Since the COVID-19 outbreak has started, the world witnessed a rapid change in shopper’s buying behavior. The rate at which online transactions and online shopping trend has grown over the last couple of months shows that old business models are no longer an option to work with. For retailers, if they desire to grow their consumer base, centralize the
Before we start with how mobile point-of-sale system can benefit your business and why you should implement it, let’s take a look at some stats:
The transaction value in the mobile point-of-sale category will reach USD 11,594 million at the end of 2020.
The average transaction value/user in the mobile POS payments category will be of USD 53.6 at
When you are running a retail business, having a scalable payment solution is very necessary. Although a standard payment processor and POS can manage the sales, the right software solution can streamline your business operations and accounting, improve efficiency, and lower the costs. By combining these facts, your store productivity will increase, which
In this fast-moving world, everyone is in a hurry and wants to speed-up their lives. According to a survey, the stores with faster checkout systems tend to have better sales and attract more customers. Having slow checkout speeds directly impact your sales value. If you are running a supermarket or a general store, improving checkout speed will be the best