Get the Best Mobile Payment Terminal for Easy Transaction
With government insisting banks to provide two million more card swiping machines before March 2017 to tide over the cash crunch triggered by demonetization drive, the demand for payment terminals among small and medium retail stores has gone up sharply across India.
The worst hits are, however, the small and medium traders, who are finding hard to retain customers due to acute cash shortage after government had announced demonetization of higher order currencies in November last year. The Government wants merchants to transact using card swipe machines, but the non-availability of such machines has put them in tight spot.
On an average, retailers lose 30-50 per cent of sales/business daily due to non availability of mPOS mobile payment terminals or card swiping machines as customers now increasingly prefer cashless transactions using credit/debit cards and mobile wallets.
Finding hard to source payment terminals locally, private and public sector banks are looking for suppliers outside India with China becoming the most preferred destination to get mobile card payment terminals.
Taking advantage of the impending huge market, mobile wallet payment companies such as Paytm, Freecharge, Easycharge M-swipe and Paynear are vying customers to buy their payment terminals to solve their payment acceptance crisis.
Paynear, for example, has invaded the market with its unique hand-held payment device, which can be used by any retail outlets to collect payment by way of cash or card. The Hyderabad-based company has claimed that through their machine, any bank card can be used to transact, withdraw money (as it acts as mini ATM as well), track sales, monitor inventory, buy bus tickets, and have hordes of other functionalities, all these for just a few hundred bucks and without any monthly subscription.
The app-based mPOS card reader can also work as Point of Sale (POS) device for small, medium and large retail enterprises as the payment terminal helps for easy checkouts, efficient customer relation management, astute sales promotion, etc to give customers a unique shopping experience.
Paynear payment terminal is also wi-fi enabled which can be connected to any Android or Apple smart phone. One has to download Paynear free app to connect the payment terminal for immediate transaction in three easy steps, says an official from Paynear.
The payment terminals are now available at Justransact.com for online purchase.
-K Ramanathan firstname.lastname@example.org
No Comments Yet
Subscribe to comments feed
Leave a Reply
Your email address will not be published. Required fields are marked *
1) Justransact aims at reaching out all the quality hardware & software products as listed in the portal to the benefit of its esteemed users. In this endeavor, if any Manufacturer/Authorized Distributor/Software vendor/Solution provider or any entity directly related to these products in a responsible capacity have any objection to the Product/Content/Pricing/Collaterals (Brochure/Video) & any other aspect, kindly represent the same in writing to us at email@example.com for necessary action thereon.
2) Justransact has provided all the Information/Pricing/Content/Collaterals (Brochure/Video) in the portal with all necessary diligence & utmost care. However if the information provided still does not fulfill these requisites in any form/lacks credibility or misleading in any way to our users or stakeholders, we would request you to share such information in writing to us at firstname.lastname@example.org for necessary correction/changes as may be required. However Justransact does not take any responsibility for any result arising out of this inadvertent error.
3) Justransact is an aggregator of Hardware, Software & solutions under “Point of Sale (POS)” category to serve our esteemed customers in the Retail & Non-retail verticals. Therefore the Brand ownership, Logo & products belong to the respective manufacturer/companies only & Justransact holds no responsibility whatsoever towards the product performance or deliverables thereon.
4) The Warranty & After sales service for the Hardware & software products listed in Justransact would be provided by the respective Manufacturer/Company authorized Partner in India only as per their standard norms. Accordingly the Warranty/After sales service period, policies, terms & conditions of all products listed vary from each Brand/Manufacturer/Company authorized partner as the case may be. Kindly verify the same with us before placing your order to avoid any confusion arising out of this on a later stage.