Millennium showcases advanced POS technology at IWS 2016

New Delhi, India, 2016-Jun-07 — /EPR Retail News/ — Millennium Soft-Tech (India) Pvt. Ltd., a leading POS technology provider in India India warehousing show 2016having wide partner network, is showcasing the most advanced POS technology to support warehousing, logistics and supply chain management at ‘India Warehousing Show (IWS) 2016, which begins on June 8 at Pragati Maidan in New Delhi.

Millennium will be displaying some of the widely used, industry specific and application-oriented POS devices such as wired and wireless barcode scanners, portable data terminals, industrial and domestic barcode printers, colour label printers, data collectors, portable data terminals and table-top scanners from the world’s leading brands like Toshiba, Honeywell, GoDex, Epson and Opticon.

Bhaskar Venkatraman, founder and director of JusTransact.com

Bhaskar Venkatraman, Group director, Millennium India.

Speaking on Millennium’s second successive participation in India Warehousing Show, Bhaskar Venkatraman, group Director of Millennium India, said: “We are overwhelmed to be a part of one of the largest warehousing expos in the world. We have over two decades of market exposure in the Point Of Sale technology in India, which we are bringing in here to showcase the latest advancement in technology to benefit warehousing, logistics, material handling and supply chain businesses. We strive to reach out to them with the most modern and latest POS technology and help them sophisticate their businesses through wide range of POS products suitable for their application and industry.”

The sixth edition of the three-day mega supply chain event is expected to be visited by over 10,000trade visitors representing high level decision-makers and buyers from across the globe.

To make visitors understand the relevance of products suitable to their business, Millennium is offering demos of various products applicable for warehousing and supply chain management at their stall (12 A).

“With the advent of e-commerce industry in India, the need of warehousing and logistics infrastructures has grown manifold and we strive to address the huge demand for quality and efficient supply chain management needs from warehouses and logistics players by introducing the advanced technology to make their day-to-day operations organized, faster, easy and hassle-free.”

The Fair offers visitors a complete view of the entire process chain of the warehousing, transportation and logistics industry. Over 200 domestic and international exhibitors are presenting innovative products and services for trade visitors and entrepreneurs who will get an opportunity to exchange ideas and make new business contacts.

The exhibition is being organized by Reed Manch Exhibitions, a joint venture between Manch Communications of India and UK’s Reed Exhibitions.

About Millennium Soft-tech (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. Launched and lead by Bhaskar Venkatraman, a veteran in POS technology having over two decades of market exposure, Millennium has a clear motive 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.

Headquartered in Chennai and having branches all across India, Millennium is credited with excellent logistics supports and capable of reaching products to customers’ doorsteps even in remote areas. Providing nation-wide distribution for 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.

Media contact: 

K Ramanathan, ram(at)justransact(dot)com,

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

Ambattur Industrial Estate,

Chennai-600 058.

P: +91 9384612789

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