Make it POSsible this Diwali, Justransact Tells Businesses!

Chennai, India, 2016-Oct-26 — /EPR Retail News/ —  Posiflex, the leading Point of Sale technology products makers from Taiwan, in collaboration with JusTransact.com, an e-commerce arm of Millennium India, which deals with POS technology products for Indian retail businesses, today introduced festival offer for end-customers on its flagship and award winning MT 4008 series Tablet POS.

diwali-dhamaka-offerCustomers, apart from getting price advantage for all the four variants of MT 4008 Tablet POS, also get an additional three years comprehensive warranty over and above the existing one year manufacturing warranty.

Buyers can now claim accidental damages or theft for their tablet POS for three years from the date of purchase subject to the terms and conditions. The three year offer however, does not include the battery, which currently has one year replacement warranty.

All the four variants of MT4008 such as MT4008 W/R (With Pistol + 2D Barcode Scanner), MT-4008W/H, MT4008 A/R (With Pistol & 2D Scanner) and MT4008 AH (without pistol grip) are now available on jusTransact.com, which is also running Diwali offers for various other POS products of other leading brands such as Epson, GoDex, Zebra, TSC, Honeywell, Motorola, Trucount, Wep, Opticon and TVSE.

A senior official from JusTransact said, “The festival offer on Point of Sale (POS) products which can be used over a wide range of retail applications, is aimed at empowering businesses to automate their POINT OF SALE counters and hence helping them compete with larger counterparts in terms of improved customer experience. The offer by Posiflex on its award-winning MT4008 series will revolutionize the Point of Sale industry in India as it brings both affordability and technology to retailers offering them with one-stop solution for all their POS needs with single device.”

JusTransact’s ‘Diwali Dhamaka Offer’, where buyers can save up to 15 per cent, is available on POS terminals, Barcode printers, Barcode scanner, Desktop Receipt printers, Mobile printers, Cash drawers, Data collector, Mobile POS and Touch cash registers.  The current festival offer is valid till stocks last.

For more details on offers, log on to http://www.justransact.com/offers

About JusTransact.com


Justransact.com
is an e-commerce venture of Millennium Retech Ventures India Pvt. Ltd promoted by Millennium Group. JusTrasact.com was launched with a sole motive of providing reliable, affordable and scalable POS solutions to the fast growing retail sector in India. POS technology facilitates small, medium and large businesses automate their activities, enhance customer experience and also make them competitive with established players. The portal has made world-class cutting-edge POS Hardware, Software and Knowledge accessible to retailers. Headquartered in Chennai and having branches in major cities in India, Justransact.com offers one-stop solution for all kinds of POS needs to both retail and non-retail business applications. The portal currently sells 1000+ POS products of 15+ categories from 40+ world’s leading brands.

Media contact:

K Ramanathan

+91 09384612789

ram(at)justransact(dot)com

JusTransact Opens Online Bazaar for Indian POS Sector

Chennai, India, 2016-Oct-05 — /EPR Retail News/ — After its successful launch of India’s first E-commerce online market place for Point of Sale (POS) technology – JusTransact.com, Millennium India has added yet another ‘first’ to its credit by unveiling country’s only online B2B portal for POS brands and distributors who can converge at one place to transact simultaneously.

Aimed at cutting down the huge supply chain losses faced by thousands of hardware and software POS products vendors across India and improve sales volume of Brands, JusTransact’s Partner Zone also aimed at ‘empowering’ small, medium and large enterprises across the nation by automating their business with affordable, scalable and world-class POS technology.

bhaskar-4

Bhaskar Venkatraman, Founder and CEO, JusTransact.com

Commenting on the launch of JusTransact’s Partner Network (http://partner.justransact.com/), Bhaskar Venkatraman, Founder and CEO of jusTransact.com said: “JusTransact’s partner network throws open a unique opportunity for both POS brands and resellers who can communicate directly on a single platform, thereby cutting the supply chain losses in terms of time and money. Resellers can directly get POS products from manufacturers at much lower price and can hence pass on the cost benefit to their customers, who are predominantly small and medium retail businesses. For brands, they can find all buyers in one place and hence get great traction and growth. In short, it is a win-win condition for both brands and vendors.”

For partner network, jusTransact plays a pivotal role in connecting both POS brands across India and local vendors who can be either main/region-wise distributors, vendors, stockists, software service providers, or stores selling POS products to retail businesses.

Further listing the advantages of partner portal, Bhaskar, who is also one of the pioneers in introducing POS technology in India, said: “POS Manufacturers need not have to look for distributors for their products, but can simply register with us and sell their products. Their products can be seen only by registered vendors, who can order POS products with appropriate quantity instantly. To facilitate fast and reliable goods movement, we offer free logistics service. We pick, pack and ship to buyer’s address wherever they are.”

To make it attractive, jusTransact has kept registration ‘free’ for partners and also introduced JusMoney wallet where points are credited for every purchase which can be adjusted against the purchase value.

JusTransact currently deals with over 1000 POS products of more than 40 top brands including Epson, Honeywell, Toshiba, Posiflex, Godex, TVSE, Opticon, Casio, Bixolon, Zebra, Essae, to name a few.

Bhaskar expects that more POS brands will make use of Partner Network Zone and offer their products such as POS terminals, barcode scanners, barcode printers, automatic cash drawers, receipt printers, mobile POS, hand held terminals, etc at attractive prices to vendors, who otherwise get them from local distributors at much higher price. “The partner network will also help to speed up the automation process of India’s retail sector where more than one million traders are still following traditional transactional practices,” he said.

The Justransact partner network for POS will also create a level playing field as every vendor – from main distributors to local stockists – across India will get their goods at same price thereby avoiding unethical business practices, opined Bhaskar.

About JusTransact.com

Justransact.com is an e-commerce venture of Millennium Retech Ventures India Pvt. Ltd promoted by Millennium India Group. JusTransact.com was launched with a sole motive of providing reliable, affordable and scalable POS solutions to the fast growing retail sector in India, which is estimated to worth one trillion USD by 2020. POS technology facilitates small, medium and large businesses automate their activities, enhance customer experience and also make them competitive with established peers.

The portal has made world-class cutting-edge POS Hardware, Software and Knowledge accessible to retailers. Headquartered in Chennai and having branches in major cities in India, Justransact.com offers one-stop solution for all kinds of POS needs to both retail and non-retail business applications.

Goods and Service Tax (GST) can Alter Economic Prospects of India: Industry Experts

Chennai, India, 2016-Aug-12 — /EPR Retail News/ —  The long awaited Goods and Service TaGST1x (GST) has passed the last mile hurdle with country’s upper house of Parliament clearing the Bill on Wednesday, after much deliberations and amendments to appease the strong opposition. How does this tax reform going to benefit the retail sector which has been making a strident growth and become one of the fastest growing sectors? JusTransact.com asked a few industry veterans about the pros and cons of GST implementation. Excerpts…

Baskaramoorthy.jpgBaskaramoorthy, VP Sales, Posiflex India: “End users might end up paying additional taxes if percentage of taxes under GST regime is increased from the current VAT level. However, it will help traders and manufacturers to leverage business across India with effective supply chain and distribution of products.  The biggest relief is that GST will do away with the current C-form and interstate forms which are presently collected at the end of each year.”

BhaskarBhaskar Venkatraman, Director, Millennium India, a veteran in Point of Sale technology in India: “GST in the present format is going to benefit the economy, businesses and consumers alike. As it is going to replace 17 indirect taxes, tax procedures will be more simple and transparent. Apart from pushing up tax revenues, the corruption at check posts and slow-movement of trucks will become the things of the past. Since calculation of tax is going to be uniform across all states, finance people will heave a sigh of relief as they no longer muddle with complex forms while dealing with inter-state goods movements.”

AntonC Anton Jabadurai, Country Head, Bixolon India: “GST will facilitate the possibility of automation in tax calculation and goods processing, which will increase the requirement of POS hardware across India. Apart from smoothening the supply chain management, GST implementation will create a transparent tax regime across all states which will benefit both traders and end-customers. In the long run, the frequent price rise due to high transportation and warehousing cost will come down drastically.”

Anuj PuriAnuj Puri – Chairman & Country Head, JLL India: “The Goods and Services Tax (GST) is the most essential taxation reform which is going to alter India’s economic prospects. Single taxation, covering all goods and services, is a welcome change. GST will eliminate cascading effect of taxes, and will boost tax collection while reducing overall taxation levels. However, post GST, the results will be evident only after two-three years from now.”

Slated to increase the country’s GDP by one point, the GST era, which is going to unfurl from April 2017, will surely be the new chapter in India’s tax history post Independence. How far it will benefit the country and common man, one has to wait and see.

Media Contact:

K Ramanathan,

India

+91 09384612789

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FDI in Indian E-commerce will stop price wars and streamline operations: Bhaskar Venkatraman

Chennai, India, 2016-Mar-30 — /EPR Retail News/ —  The Indian government’s move to open up E-commerce market place to Foreign Direct Investments (FDI) will, apart from bring in more foreign investments and improve economy, also streamline and regulate the market while arresting the unethical price competitions, says Bhaskar Venkatraman, Founder and Director of JusTransact.com, an exclusive e-commerce market place for Point Of Sale (POS) products and consumables, for both retail and non-retail applications.

Bhaskar Venkatraman, Director, JusTransact.com

Bhaskar Venkatraman, Director, JusTransact.com

Reacting the government move to allow 100% FDI in India’s e-commerce sector, Bhaskar, who is one of the pioneers in introducing POS technology to Indian retail market, says,  “This is a good step with a long term vision and a step towards bring in regulations and healthy competition among e-commerce companies. The move will arrest un-ethical price competitions vis-à-vis brick-and-mortar counterparts which will ultimately benefit end users. This will also change consumers’ perspective towards online shopping as they give more weightage to convenience rather than the price factors.”

On the flip side, the entry of international biggies into Indian e-commerce sector will lead to realignments of local companies, which is unavoidable in the present scenario. This will trigger healthy competition and improve products’ standards in the market, a win-win situation for consumers.

About JusTransact.com

Justransact.com is an e-commerce venture of Millennium Retech Ventures India Pvt. Ltd promoted by Millennium Group. JusTrasact.com was launched with a sole motive of providing reliable, affordable and scalable POS solutions to the fast growing retail sector in India. POS technology facilitates small, medium and large businesses automate their activities, enhance customer experience and also make them competitive with established players. The portal has made world-class cutting-edge POS Hardware, Software and Knowledge accessible to retailers. Headquartered in Chennai and having branches in major cities in India, Justransact.com offers one-stop solution for all kinds of POS needs to both retail and non-retail business applications. The portal currently sells 1000+ POS products of 15+ categories from 40+ world’s leading brands.

Media contact: 

K Ramanathan,

ram(at)justransact(dot)com

G-19,2nd Floor, Block-16, 2nd Main Road,

Ambattur Industrial Estate,

Chennai-600 058.

mPOS Set to Revolutionize Indian Retail Sector

Chennai, India, January 13, 2016 — /EPR Retail News/ — Indian retail market is evolving at a rapid pace riding on technology innovations and customers’ changing preferences for superior shopping experience.

A lot of changes had happened during the last decade at Point of Sale (POS) counters as customers increasingly prefer cash-less transactions, and businesses have readily adopted right payment system for faster check-outs and better payment management.

One of the best ways the brick-and-mortar retailers can handle faster check-outs at their stores is via mobile-POS devices. These devices are like hand-held smart phones that are capable of accepting payments through cards, providing instant receipts and storing data for managing inventory, sales and other back-end business functions.

India, with close to 500 million credit/debit card holders and 700 million smart phone users, set to trigger cash-less transactions through mobile POS devices and online transactions, say analysts.

As per an estimate by the country’s leading banker Reserve Bank of India (RBI), India needs another 20 million M-POS devices in five years from the current 1.2 million sets to provide alternative retail delivery channels to both urban and rural populace across the country.

Predicting that M-POS will be a game changer for Indian payment market in 2020, Bhaskar Venkatraman, founder-director of JusTransact.com, India’s first e-commerce marketplace exclusively for Point Of Sale (POS) technology and solutions, says: “There are two reasons which can trigger the growth of M-POS in India – mobile devices becoming ubiquitous across the country with widespread internet penetration and customers craving for enhanced shopping experience with fast, convenient and cash-less transactions.  M-POS then becomes the natural choice to bridge the gap and promote card-based commerce for retailers. Also, fast evolving technology has changed the use cases of M-POS devices. Along with M-POS, we also expect more demand for Tablet POS and Cloud POS devices as the present generation retailers are more inclined to use latest technology to offer sophisticated shopping experience to buyers.”

Apart from the convenience in transactions and high customer experience, retail businesses choose mPOS devices to close the deal the moment customers make a decision on products without giving them time to change their mind when they proceed towards the checkouts, says Nimish Chandra, who manages a retail showroom selling electronic home appliances in Bangalore.

Despite the anticipated surge of these ‘anywhere commerce devices,’ Bhaskar doesn’t expect that mPOS will replace the traditional POS terminals in the near future.

“I think, to begin with, there will be a very little displacement due to mPOS in emerging markets like India where traditional POS systems are still ruling the roost. However, in the SMB environments, tablets will offer an attractive to traditional POS and mPOS. The displacement will be minimal at least for the next five years,” Bhaskar, who is also a domain expert in POS technology, feels.

He predicts that India will emerge as a leader in mPOS users in the Asia-Pacific region by 2019 as there has been a huge dependency on cash-on-delivery for e-commerce transactions which will open the gates for millions of mPOS deployments across the country.

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Media contacts

K Ramanathan,

JusTransact.com
G-19,2nd Floor, Block-16, 2nd Main Road
Ambattur Industrial Estate,Chennai-600 058
t : 91-44-43551366 | e : ram@justransact.com
m: 91-9384612789 | w: www.justransact.com