Millennium Soft-Tech Launches All-in-one Android POS for Retailers

New Delhi, India, 2018-Jul-23 — /EPR Retail News/ —  Millennium Soft-Tech India, a pioneer in delivering innovative Point of Sale (POS) technology products and solutions to the fast-growing retail Industry in India, today launched an array of powerful Android billing solutions under MAGICBOX brand series for retail establishments who can now experience ease of doing business while achieving supreme customer engagement.

Millennium offers four variants of MagicBox to retail businesses – MagicBox Mobile POS and desk top series MagicBox-Plus; MagicBox-Elite and MagicBox-Pro which are suitable for small, medium and large retail businesses.

 

 

 

 

 

 

 

 

As a breakthrough POS technology, MagicBox Plus, Elite and Pro can make stores generate unique shop code in the form of 2D barcodes to enable customers pay through their smart phones.

Speaking on the release of MagicBox POS series, Mr Bhaskar Venkatraman, CEO and director of Millennium Soft-Tech India said: “MagicBox devices are an attempt to automate Indian retail industry where almost 90 per cent of our retailers are still using traditional means to transact and manually operate critical functions like stock management, sales records, purchase data, CRM and employees’ performance. Through MagicBox we are offering them unmatched technology to automate their operations in affordable cost. Also, retailers can utilize Cloud to back-up their critical sales and other data thereby saving huge overhead cost. MagicBox variants are made as plug-in-and-transact types which intend to help retailers improve sales and better shopping experience for customers.”

MagicBox M-POS

Targeting micro level unorganized retail businesses such as petty shops, tea shops and other small and medium businesses such as kirana /grocery or convenio stores, who are finding hard to match up to their technologically advanced peers, MagicBox – Mobile POS terminals are hand held mobile POS devices with 2” receipt printer, 2D barcode scanner and powerful billing software which can do anytime-anywhere billing, customer relation management, inventory tracking and accept myriad of payments – cash, card, cheques, e-wallets or e-coupons.

The other highlights of this M-POS device include – 5.5” touch screen, Wi-fi / GSM and Bluetooth compatibility, Powerful Quadcore Processor and long battery life. This device is being packaged with a pocket-sized payment terminal for transaction through credit/debit cards.

MagicBox Plus

MagicBox-Plus Android desktop POS has been made for retailers who are looking for smaller, smarter, yet powerful mobile POS solutions. The Android (6.0) device has Qualcomm Snapdragon615 octa-core processor, 8GB internal memory, ideal to host POS software and Bluetooth and Wi-Fi compatibility. Despite smaller in size, MagicBox Plus offers integrated 2-inch (58mm) printer and NFC (optional) technology along with 11.6 HD adjustable touch display and elegant but rugged design to the customers.

The pre-loaded software application supports critical features such as anytime-anywhere billing, Inventory management, Spot offers/discounts, CRM, loyalty program, to name a few.

MagicBox Elite

MagicBox Elite Android desktop POS terminal is almost similar to MagicBox Plus but with a few added features. One of the striking features Elite offers is a 3” receipt printer which will be useful for traders who want to make invoices and larger billing functions.

MagicBox Elite has 11.6″ screen touch display with HD resolution and IPS technology provides good readability even under bright sun. Bluetooth (4.0) and Wi-Fi are the other highlights of this POS device. The compact desktop POS terminal also has plenty of connectors (4 × USB, 1 × microUSB and a card slot).

MagicBox Pro

MagicBox Pro is the large desktop POS terminal having 14-inch full HD resolution adjustable touch display and can be used for multiple functions in any size of retail environment. MagicBox Pro offers two options – 0ne with a single front-end display and the other has extra customer display fitted on the back side. Customer display screen has two sizes : 7-inch and 14-inch.

 

Business owners can choose the size according to their requirement. The second display screen makes customers see the billed items. MagicBox Pro has eight-core processor which gives plenty of power. The whole system is running on Android 6.0 Operating System. The other highlights of this POS terminal are an integrated 3-inch (80mm) high-speed thermo-sensitive printer (200 mm/s) with a cutter and Wi-Fi and Bluetooth compatibility.

Bhaskar Venkatraman, Director and CEO, Millennium India

About Millennium India

 Established in 2002, Millennium Soft-Tech (India) Pvt Ltd has been in the forefront of providing Point of Sale (POS) technology products and solutions to Indian businesses through astute marketing strategy supported by huge partners’ network across India.

Having associated with world’s leading POS brands, Millennium understands the growing demands of retailers better than anyone else irrespective of their size, stature and nature of business, and offers comprehensive, advanced and sustainable solutions to enhance their businesses.

Headquartered in Chennai and having branches all major cities in India, Millennium has a clear vision of empowering millions of unorganized small and medium enterprises spread across the country by automating their transaction activities and make them competitive with established market peers.

As the national distributor of leading multinational POS brands including Epson, Posiflex, Casio, Toshiba, Honeywell, Godex, and Opticon, Millennium offers POS solutions to corporate brands, retail giants and SMEs across India.

For the latest news and informative blogs on Point of Sale technology, visit us @ https://www.justransact.com/knowledgebase/pos-technology-blog

 

For Media Contact

K Ramanathan

Content Head & Media Coordinator,

Millennium Soft-Tech (India) Pvt Ltd, G-19,2nd Floor,

Block-16, 2nd Main Road

Ambattur Industrial Estate, Chennai -600 058

Phone: +91-9384612789/ +91-917 666 2020

Email: ram (AT)justransact (DOT)com

JusTransact Sees E-commerce Retail Explosion in India

New Delhi, India, 2018-Jul-23 — /EPR Retail News/ — E-commerce retail operations in India supported by unprecedented growth of smart phone and internet penetration has made Indian retail industry the most potent, sustainable and fastest growing industry  in 2018 compared to many of the world’s leading economies.

Even in rural regions, where people used to make retail purchases from the nearby mom-and-pop or physical stores for their grocery, electronic, or any other domestic goods, are now flaunting with tablets or smart phones with dependable internet connectivity and make purchases from online stores using debit or credit cards or internet banking or through digital wallets offered by payment companies such as Paytm, Rupay, Freecharge, MobiKwik, Jiomoney, to name a few.

According to market research firm eMarketer, Indian e-commerce sector will show rapid growth of 31 per cent this year to reach $32.7 billion. With the growing internet penetration and rapid usage of smart phones, the report predicted that by 2022, Indian e-commerce businesses will worth a whopping $71.94 billion surpassing the growth of China and other leading economies in the world.

As per the 2017 Goldman Sachs report, the online retailing sector in China will grow from the current 17 per cent to 25 per cent by 2020.

Factors contributing growth

Industry analysts from Millennium India, a leading e-commerce advisory and supplier of advanced POS technology to Indian retailers, say that the E-commerce growth in India has been contributed by the arrival of leading names – Flipkart, Amazon, Paytm Mall, Zomato, Bigbasket, Naaptol, Urban Ladder, etc, which have forayed into newer fields to address the daily needs of customers.

For example, Flipkart, Amazon and Jio are in the process of integrating nearby grocery shops to provide customers the pleasure of shopping daily need items, fruits and veggie from home, says Kiran Bhargava, an industry analyst based in Mumbai.

According to Bhaskar Venkatraman, CEO and Director of JusTransact.com, which is India’s only e-commerce portal for Point of Sale (POS) electronic products, says: “E-commerce in India has seen vertical growth over a decade and is now in the consolidating mode spreading its base to several other fields to satisfy growing customer demands. Customers, who are empowered by mobile technology, want everything online.  Today’s shoppers are highly demanding and tech-savvy which forces retailers to  open all doors – physical, internet, mobile, land-line, desktop/smart mobile/tablets, O2O, cloud- to reach them and vice-versa. No one wants to lose-out customers because of lack of technology.”

“E-commerce is getting further boost due to cheaper smartphones and increased internet users, and this trend is catching up fast in tier II and III cities as well,” adds Bhaskar, who also heads Millennium India.

Not only, groceries, customers can now order their daily needs and essential items such as furniture, electrical and electronic items, hardware, home utility items, laundry services, food from their smart phones, whose penetration and internet connectivity and also overwhelming online presence by young population and expanding middle class are catapulting the number of digital buyers in India.

The online retail space has been witnessing fierce competition in the recent times for the larger pie with market leader Flipkart (which has been taken over by Walmart recently), Amazon and Paytm Mall (backed by Softbank and Alibaba) infusing huge capital for improved logistic and payment system and also planning to woo customers with attractive discounts on competitive products.

Though as of now, no one has emerged clear winner of the e-commerce space in India, one can surely say that coming months will be more crucial for these entities and customers are in for delightful surprises with deep discount offers, concludes Bhaskar.

 

For Media Contact

K Ramanathan

Editor-Media coordinator,

Justransact.com,

Millennium Re-tech Ventures India Private Limited,

G-19,2nd Floor, Block-16, 2nd Main Road,
Ambattur Industrial Estate,Chennai-600 058.

Website: https://www.justransact.com/

E-mail: ram@justransact.com

Ph: +91 9384612789

 

 

GST can be a Game Changer for Indian Economy

Chennai, India, 2017-Jun-29 — /EPR Retail News/ —  When the clock strikes midnight on June 30th, it not only will herald the customary arrival of a new month, but also a historic moment in the post-Independence era as the country will be joining other major powers in the World in adopting Goods and Service Tax (GST), which aims to bring in a uniform tax regime for various Goods and Services traded across the vast nation.

Bhaskar Venkatraman, CEO and Director of Millennium India

The government headed by Prime Minister Narendra Modi has made elaborate arrangements to take the nation to the new tax reform at the Central Hall of the Parliament, and prominent leaders and personalities are going to witness the midnight gala.

But what is GST for the vast and fast-growing retail sector in India? How the Manufacturers, Distributors, Dealers and Retailers are going to be involved in the uniform tax system? Whether the end customers will bear the brunt or going to enjoy the fruits of the single tax system?

GST stands for Goods and Services Tax. This single tax system will supersede all state and central taxes including Value Added Tax, entry tax, octroi and other mundane taxes, and introduce one single tax right from manufacturers, distributors, dealers to local vendors. GST also avoids cascading taxes which ultimately reflects on the prices of the commodities.

How GST will impact the Point of Sale (POS) sector, which has been the bellwether of the BJP government to make the country a cashless economy?

POS is one of the major pillars of the retail sector which supplies hardware components like credit/debit card swiping machines, inventory management tools and POS terminals such as cash registers, barcode scanners, barcode printers, cash drawers to name a few.

Speaking about the impact on the retail sector, Bhaskar Venkatraman, Director and CEO of Millennium India, a group involved in marketing some of the world’s top POS hardware machines to Indian retailers for the last two decades, said: “GST will make the retail sector more organized as more than 85 per cent of the businesses in India are unorganized and need to be regularized. With GST, there will be a single transparent tax structure throughout the supply chain and clear mechanism to calculate the taxes at various levels. Since several daily use items are exempted from the purview of the GST, people will benefit out of it as some of them will witness decrease in price post GST.”

For retail sector, Bhaskar Venkatraman, who also introduced India’s first and only e-commerce shop (justransact.com) to make top branded POS technology products available online to retailers, said it will be a win-win situation for retail businesses as they are now out of the complex tax laws and filing processes.

On the GST’s impact on POS sector, Bhaskar said: “The net impact on the pricing (of POS products) would be very minimal and in fact would boost the consumption. While in the short-term, GST could be perceived as a tough stance for growth, in the longer run, the retail sector would benefit immensely only to gain because of price harmonization and smooth flow of material across the country.”

Then, what is GST for end customers? The burden or benefit would finally be on the end consumers but an overall win-win situation would prevail, concludes Bhaskar.

 

Media Contact:

K Ramanathan

Media Coordinator, Millennium India

ram@justransact.com

Cashless Drive will Push India’s Retail Sector to New High

Chennai, India, 2017-Mar-22 — /EPR Retail News/ —  The Government’s ambition to make India a cashless economy was further vindicated by its recent Budget proposals for 2017-18 which have series of measures aiming at pushing cashless transactions even by small retailers across India.

The government has made its intention clear when it first introduced Aadhaar (smart) ID cards as mandatory document to open bank accounts, and later linked all existing account holders and LPG subsidy beneficiaries to prevent malpractices.

But there was still a lot of (unaccounted) cash on circulation and more than 90 per cent of transactions were happening through cash in India with corruption reining high at all levels. The demonetization of higher order currencies announced last November was the last nail in the coffin to rid wide-spread corruption, black money and fake currencies, the three major elements which were weakening the very basic pillars of our economy.

The demonetization has indeed created acute cash crunch forcing people to use plastic money and digital transactions. It was definitely a calculative move by the government to make cash scarce and restricting daily withdrawal limits in banks, so that it can effectively push cashless dealings by individuals and traders.

However, it is grossly inadequate to cater over one billion populace with a meager 1.5 million card swiping POS machines presently offered by banks to retailers.

The retail sector, which is experiencing fast-track growth offering over 10 per cent share to the country’s GDP, presently needs at least five million POS machines to meet the existing demand from retail traders. Looking at the future demand for such devices, we need to scale up this figure to 10 million by 2020.

Though banks were instructed to provide three million POS machines by March 2017, the difficulty to procure make-in-India Mobile POS machines has forced many to look for such devices from countries like China, Taiwan, Japan and European nations. Sensing the delay in getting machines in time, the government has recently relaxed the rules for BIS certification for imported POS machines, which will further reduce the cost and speed up the process of equipping traders with mobile POS devices to do cashless transactions.

The unprecedented demand for mobile POS machines in India has made several local businesses vying to consolidate their position by introducing alternate payment solutions such as mobile wallet or digital wallet using smart phones to Indian retailers. The demand for POS machines has also opened a plethora of opportunities for growth for companies manufacturing and marketing POS machines such as magnetic card readers, POS terminals to do retail billing and other allied devices such as receipt printers, barcode scanners, barcode printers, cash registers, etc.

As Point of Sale remains the lifeline for Indian retail sector, the large scale    usage of POS technology which involves software-driven POS system to carry out host of business operations including desktop billing, mobile billing, cashless transaction using credit or debit cards, inventory management, staff management, customer relation management, multi-store sales tracking, and hosts of other back-end operations crucial for business growth.

Today we have a number of grocery retail stores coming up across the country which offer customers a unique shopping experience with modern POS machines and latest mobile technology, which also help automate their business for better performance and growth. POS has changed the way people shop for their daily needs compared to few years ago.

Retail businesses using mobile card payment option has indeed helped many augment their business. With government announcing a lot of sops for POS sector in its Budget for 2017-18 fiscal, the intention is clear to make the country a cashless economy treading through ‘Point of Sale’. The move will further trigger the already fast-paced retail sector to worth a whopping USD one trillion by 2020 from the present 600 million.

As majority of POS payment devices need to be imported (to meet the target of three million POS machines by March 2017), the government has eased the import norms to make it available freely in the Indian market. The Union budget has proposed tax exemptions in basic customs duty, special additional duty and excise duty for manufacturers of PoS card readers, fingerprint readers, mobile PoS (mPoS) and iris scanners.

The tax exemptions will encourage domestic manufacturers to produce card swipe machines and biometric devices in reduced cost which will strengthen better penetration for digital and Aadhaar-enabled payment systems.

Bhaskar Venkatraman speaks on Union Budget for 2017-18 and its impact on Indian retail sector and POS technology products.

Millennium India is looking at it as a great opportunity to reach out to millions of retailers with latest POS technology products which include mobile card swipe machines, mPOS devices, POS terminals and other allied devices which will help strengthen digital payment environment in the country. As demand is going to be unprecedented in the coming years, apart from managing through offline marketing, we are also pushing POS devices through our e-commerce arm justransact.com, an exclusive online marketplace for POS technology products,” says Bhaskar Venkatraman, CEO and Director of Millennium Soft-Tech (India) Pvt Ltd and JusTransact.com.

The budgetary proposal to impose banking cash transaction tax on withdrawals above Rs 50,000 will further push customers towards digital transactions. This, along with abolishing of merchant discount rates charges on usage of credit/debit card and giving 50 per cent subsidy on biometric devices will bring more small traders towards cashless transaction. This will also encourage them to use POS machines as they no longer lose revenue in each card transaction.

So, there will be huge demand for POS products in India in the coming years from retailers and POS sector is gearing up to meet the demand and become major stake holder for retail sector’s growth metrics.

After ‘digital India’ initiative, the government’s latest push to make the country a cashless economy  through demonetization and digital payments will create windfall for POS manufacturers and dealers in India as the demand for such devices are going to witness astronomical rise in the coming months.

 

For Media Contact: 

K Ramanathan

ram@justransact.com,  ram.justransact@gmail.com

Millennium Retech Ventures India Pvt Ltd,

G-19,2nd  Floor,Block-16, 2nd Main Road,
Ambattur Industrial Estate, Chennai-600 058.

91+ 9384612789

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.

Celerant Technology Releases Mobile Point of Sale on the Motion SlateMate

Celerant Technology, a leader in the retail software industry, recently partnered with Motion Computing, a global provider of tablet PCs, to provide a Mobile POS that may be used from anywhere in the store. Celerant’s Command Retail point of sale module is now available on the Motion SlateMate with magnetic stripe reader and barcode scanner.

“Every retailer can benefit from Celerant’s Mobile POS, whether they are a smaller retailer administering sidewalk sales, or a larger retailer utilizing it for line busting or for more personalized in-aisle sales,” says Ian Goldman, President and CEO of Celerant Technology Corp. “We wanted to provide our clients with a mobile solution that allows them to manage their business without having to remain in front of the registers. After evaluating different solutions, we partnered with Motion, whose tablet is an all-in-one sales tool that integrates seamlessly with our point of sale software. Right now our Mobile POS is available exclusively on the Motion SlateMate, but development is also in progress for a broader selection of mobile devices.”

Celerant’s Mobile POS allows retailers to complete sales transactions away from a register. The Motion SlateMate is a tablet PC with a built-in barcode scanner and magnetic stripe reader which, when running Command Retail, can ring up sales, process credit cards, and wirelessly print or email receipts. Retailers will also be able to create quotes by scanning items directly from the sales floor, perform line busting to minimize sales lines and create gift registries which integrate with a Celerant E-Commerce site.

“Our partnership with Celerant Technology is based on a common philosophy to provide retailers with premium products in a single solution,” said Grant Frederiksen, Senior Director, Strategic Corporate Alliances. “The SlateMate is a unique solution that complements Command Retail, resulting in a powerful Mobile POS that expedites the sales process and improves the customer’s retail experience.”

Celerant began development of its mobile suite in 2010, when it optimized its E-Commerce offering for mobile devices. Earlier this year, Celerant Command Mobile Applications was released for back-office functions that run on most mobile devices. Celerant’s Mobile POS is the latest instance of the company’s growth and advancement toward new forms of technology, a growth that maintains Celerant’s position as a leader in the retail software industry.

Via EPR Network
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