ePaisa Services Promote Point of Sale
ePaisa combines sophisticated machine learning with cloud computing and offers the most user-friendly Point of Sale experience for business types.
The PoS terminal market in India was valued at INR 27.47 Bn in 2020. The experts suggest that is expected to expand at a compound annual growth rate (CAGR) of ~13.29% between 2021 and 2025. It might attain a value of INR 50.01 Bn by 2025.
Point of sale terminals or PoS terminals are electronic appliances that are utilised at retail points to conduct card payments. PoS terminals are used by the retail, e-commerce, hospitality, entertainment, warehouse, and healthcare sectors. According to 2020, the retail and e-commerce sectors were the leading adopters of PoS solutions in India. They have approximately 40.10% of the total PoS terminal market in terms of market revenue.
With the rise in the extensive usability of communicative devices, preference for contactless payment, and demand for e-commerce activities could cause a change in the growth of the India PoS terminal market. The expansion of the market could also be attributed to the initiatives undertaken by the Government of India to promote digital payment and thus cashless economy in the country.
ePaisa Services Private Limited is one of the prominent players operating in the market. It is due to the COVID-19 – the pandemic has pushed a long-term nationwide lockdown, had an adverse impact on the PoS terminal market in India leading to a downfall in its market value. Due to the closure of retail stores, there was disruption and existing financial stress in the market. This unfortunately led to a fall in people’s purchasing power. Implementing stringent import restrictions caused a shortage in the supply of new PoS machines.
Point of sale terminals or PoS terminals are electronic appliances that are used at retail points to conduct card payments. PoS terminals are mostly used by the retail, e-commerce, hospitality, entertainment, warehouse, and healthcare sectors. As of 2020, the retail and e-commerce sectors were the leading adopters of PoS solutions in India. Together, they occupied around 40.10% of the total PoS terminal market in terms of market revenue.
A mobile point of sale that is as professional as your services. Transform your smartphone or tablet into your point of sale and manage transactions, customer details and send out invoices.
Managing the business on your fingertips was never so easy!