Millennium India Releases Smart and Cost-effective POS Solution for Retailers

NEW DELHI, India, 2018-Oct-9 — /EPR Retail News/ — Millennium Soft-tech India today unveiled yet another powerful android smart POS – MagicBox Plus – device with advanced features suitable for small and medium retail businesses who hitherto have been struggling to match with big businesses in providing best-in-class customer experience and enhanced store operations.

Millennium, which pioneered in providing integrated POS technology for Indian retailers, earlier in July has introduced hand-held Smart Mobile POS device for small shop owners to help them transact both indoor and outdoor seamlessly while managing inventory, payment, reports and analysis and customer engagement activities.

“Our new offering, MagicBox Plus android desktop POS is ideal for retailers who prefer smaller, sleeker, cheaper and yet powerful POS solution to drive business operations seamlessly,” says Bhaskar Venkatraman, CEO and Director of Millennium Soft-tech India.

The compact desktop POS device comes with industry-best retail software ideal for general and food and beverage retail applications which include grocery shops, stationery sellers, departmental stores, ice-cream bars, bakery and sweet shops,  food courts, fine dining, takeaway, bar, to name a few.

“MagicBox Plus, while automating several manual functions such as inventory, sales, credits and billing, helps store owners generate valuable reports and analysis for better planning, CRM and loyalty program, GST billing, order taking, mobile banking and staff management,” says Bhaskar, who also heads India’s premier e-commerce portal Justransact.com exclusively for POS products and technology.

MagicBox Plus Android (6.0) device comes with Qualcomm Snapdragon615, octa-core processor, 8GB memory and 1 GB RAM, which can host powerful retail POS software. Despite small in size, MagicBox Plus offers integrated 2-inch (58mm) printe and NFC (optional) technology along with 11.6-inch HD adjustable touch display and elegant but rugged design to customers. Bluetooth (4.0) and Wi-Fi are the other highlights of this POS device.

The pre-loaded software supports critical features such as anytime-anywhere billing, inventory management, spot offers/discounts, loyalty program, and many more. Through this device, retailers can access their store remotely in real time using cloud technology which saves critical data and keeps it secured from potential loss, pilferage or malware intrusion.

“Retailers get cost-effective, integrated, compact and a complete POS solution with cloud application facility.  With this (device), retailers can save a huge overhead cost and considerable retail space while offering customers sophisticated business environment,” concludes Bhaskar.

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

Payment Infrastructure Market in India Sets for Makeover

Chennai, India, 2016-Sep-09 — /EPR Retail News/ —   Indian point of sale (POS) terminal market has grown up to worth INR 2.15 billion in 2015 and is poised to reach INR 3.86 billion by 2022 aided by unprecedented demand triggered by government’s move to open millions of bank accounts with ATM/debit/credit card facility, according to an analysis by the leading international research firm, Frost & Sullivan.

mposWith government opening up banking sector to rural folks, India’s payment infrastructure is set to witness an explosive growth, and the country, which is presently the 13th largest plastic economy in the world, has a great potential to scale up the ranking as more retail businesses are being introduced to PoS systems.

The study by Frost & Sullivan titled – Analysis of the Indian Point-of-Sale Terminals Market -says that India, with 35% of population presently having bank accounts, will also witness a huge demand for wireless POS terminals owing to less complexity and ease of use.  The wireless PoS terminal market is growing rapidly and will surpass wired terminals by 2022, the study said.

The researchers however felt that India’s payment terminal market though growing at a faster pace than its South East Asian peers, its penetration and usage was much less compared to Western counterparts. This is primarily due to a wide gap between the number of plastic cards issued against the number of installed PoS terminals and reluctant to adopt POS terminals by small and medium business establishments.

“In order to introduce banks to the huge population in India, private and nationalized banks should play a key role in rapidly expanding their operations across all tiers of cities,” felt Aiswarya KG, Frost & Sullivan Electronics and Security Research Analyst, who further added that there should be a concerted effort to create awareness on security of bank accounts and transactions which will change customer sentiment and promote cashless transactions.

In India, PoS terminals are widely used in Tier-1 cities while Tier-2 and Tier-3 cities are catching up gradually. Projects such as Jan Dhan and Micro ATMs are upping the usage of PoS terminals in rural areas.  Also, the recent introduction of chip-plus-pin authentication provides double security advantages for consumers making transactions through cards.

The accelerated growth of cashless transactions using credit/debit cards by e-commerce websites are surely going to make a dent on POS terminal market, the report felt, which further added that though card-on-delivery is gaining momentum across major cities, online transactions have gained the lion’s share in the digital transactions.

Bhaskar Venkatraman, Founder and Director of Millennium Group.

Bhaskar Venkatraman, Founder and Director of Millennium Group.

“Interestingly, more than 80 per cent of retail businesses in India still do not have a PoS terminal as they do transactions through traditional means. With the present government pushing cash-less transactions across the nation, there will be more adaptation for plastic currency, with card issuers, banks and retailers offering value-added services for card holders,” says Bhaskar Venkatraman, Founder and Director of JusTransact.com, a leading e-commerce portal in India for Point of Sale products such as POS terminals, barcode scanners, receipt printers, barcode printers, hand-held terminals, etc.

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

9384612789

ram(at)justransact(dot)com

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

Ambattur Industrial Estate,

Chennai-600 058.

Coles Supermarkets in Australia adds NCR RealPOS XR8 at its future POS terminals

SYDNEY, Australia, 2016-Aug-10 — /EPR Retail News/ — NCR Corporation, a global leader in omni-channel solutions, today announced that Coles Supermarkets, one of Australia’s largest supermarket retailers, has chosen to improve customer checkout experiences and operational efficiency by adding NCR RealPOS XR8 as its future POS terminals. Coles plans to upgrade more than 4,000 POS units in the next financial year.

NCR RealPOS XR8 is powered by the latest 6th generation Intel® Core™ processor in one of the smallest form factors in its class. The XR8’s compact design allows it to fit into nearly any retail environment; while its unique new design enables front or rear peripheral configuration, which simplifies cabling and service accessibility. In addition, all input/output connections are behind a locking door for added security. NCR’s image recovery button lets store associates easily restore a corrupt POS system within seconds.

“As our long established partner, NCR provides us with innovative solutions that allow us to deliver the best retail experience to our customers,” said Nick Delija, IT GM at Coles. “NCR’s latest innovations, such as the NCR RealPOS XR8, make serving customers faster and easier while allowing us to use a single platform for conventional and assisted checkouts.”

NCR is supporting Coles in its store checkout operations with a range of innovative hardware and software solutions. Coles operates more than 780 stores and processes more than 20 million customer transactions each week. Last year, Coles named NCR as the winner of the Coles Supplier of the Year Award for Outstanding Services.

“Our collaboration with Coles has grown from strength to strength with every new addition of NCR’s solutions to improve its customer services every day,” said Avi Shaul, director for Sales, NCR Retail, “The new RealPOS XR8 solution helps round out our RealPOS family, offering Coles an added choice of POS configurations and designs to deliver exceptional checkout experiences.”

NCR provides advanced point-of-sale technology for Coles Supermarkets and Coles Express stores, and real-time solutions for Coles’ popular loyalty program flybuys.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web sites: www.ncr.com; www.ncrsilver.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contacts:
Rakesh Aulaya
NCR Corporation
912.261.954.83
rakesh.aulaya@ncr.com

Tim Henschel
NCR Corporation
770.299.5100
tim.henschel@ncr.com

Source: NCR

French retail chain Système to install modern POS terminals from Wincor Nixdorf that support the omni-channel approach and improve the customer experience

The French retail chain Système U and Wincor Nixdorf are realizing an omni-channel services concept together that will include new customer loyalty and marketing programs. At the same time, the Système U stores will install modern POS terminals from Wincor Nixdorf that support the omni-channel approach and improve the customer experience.

Paderborn, Germany, 2015-5-7 — /EPR Retail News/ — Under the large-scale agreement concluded by Système U and Wincor Nixdorf, the French cooperative’s supermarkets will be equipped with an innovative combination of hardware and software solutions that are operated using services from Wincor Nixdorf. This will meet Système U’s requirements of a foundation for the rigorous development of omni-channel sales and an improved customer experience. “In 2014, we decided to replace our POS systems, since the software applications had become more complex and varied over time but were being run on checkout hardware dating from 2005. We want to offer our customers seamless service and a modern checkout environment that fulfills all of today’s requirements,” says Jean-Michel David, a Système U associate and President of its subsidiary INFO.U. “Furthermore, the new POS technology should support us in realizing targeted customer loyalty measures as part of our omni-channel concept.”

From customer relations to customer experience
Système U will be the first French customer to use Wincor Nixdorf’s new customer loyalty software, TPCustomer360 – a new module for customer relationship management (CRM). The software analyzes shopping behavior in detail in order to interact with customers in real time across all sales channels, from checkout terminals to mobile terminals and online shops and all the way to social networks. Measures and campaigns associated with customer loyalty and support can then be tailored uniformly across all channels to the customer’s individual needs. “Owing to the variety of functions it offers, TPCustomer360 exceeds simple CRM systems. It uses a logic that transforms it into a comprehensive CEM (customer experience management) system,” says Hervé Grelet, General Manager Retail at Wincor Nixdorf in France. “The module enables an extremely fine segmentation of the customer base and has been proven to be highly effective for setting up marketing or promotional operations targeted at the different points of contact in an omni-channel system.” Carte U, Système U’s loyalty card is used by around seven million consumers and is tied to over one and a half million sales receipts per day. In conjunction with Carte U, the retailer began to implement a targeted program of measures for individualizing customer address, with marketing activities oriented precisely to individual customers on the basis of their profiles. For example, different coupons are distributed at checkout to specific customer groups.

A coherent response to different shopping scenarios
The foundation for these and other applications is Wincor Nixdorf’s omni-channel platform, TP.net 6.0. It will be installed at Système U and enables the connection of customer master data to the POS systems as well as the standardization of all the retailer’s business processes, from price management to new checkout concepts to payment solutions, etc. TP.net allows the distributor, for example, to manage its mobile solutions in-store and realize uniform strategies across the various sales channels (web, smart phone, stores, etc.). “This permits a coherent response to the multiple shopping scenarios of Système U’s customers, which may combine the point of sale, pick-up stations for goods, e-commerce or m-commerce,” says Hervé Grelet. “With this new, standardized and agile IT configuration, Système U can adapt its business processes very quickly.”

Checkouts as terminals for targeted communication
Finally, Système U is replacing a large proportion of the checkout hardware in its markets with modern POS systems from Wincor Nixdorf: around 14,500 new-generation BEETLE terminals will be installed. Their large touchscreens will be more comfortable for checkout staff to use and offer more customer information. Moreover, they all feature displays that face the customer to promote genuine interaction with customers in line with Système U’s omnichannel approach. For example, tailored information relating to customer loyalty or promotions can be displayed to the customer in real time. Supplementing the staffed checkouts at Système U are several hundred self-service checkouts from Wincor Nixdorf that also deliver a new customer experience.

The implementation of the IT investments at Système U is being managed by the company’s IT subsidiary U GIE Iris. “U GIE has bundled the IT resources of the stores and central services at Système U for three years now,” says Philippe Le Cam, deputy chair of U GIE Iris. “The goal of the partnership with Wincor Nixdorf is to ensure that the stores are able to use the new POS systems and their innovative applications quickly and thus generate added value for the customer and the company.” Wincor Nixdorf began to deploy the new hardware at Système U this year.

About Système U
The Système U cooperative (65,000 employees) operates 1,559 stores in France, comprising 844 Hyper U and Super U stores and 715 stores in the convenience store category (UExpress and Utile). The cooperative had sales in 2014 of EUR 18.51 billion before tax with a market share of 10.3%.

Press Contact

Press/Financial Press

Andreas Bruck
Head of Corporate Communications
Phone: +49 5251 693 5200
E-Mail: andreas.bruck@wincor-nixdorf.com

Press/Trade Press

Dr. Thomas Daubenbüchel
Head of Press and Editorial Office
Phone: +49 5251 693 5212
E-Mail: thomas.daubenbuechel@wincor-nixdorf.com
Ulrich Nolte
Phone: +49 5251 693 5211
E-Mail: ulrich.nolte@wincor-nixdorf.com

Trade Press

Claudia Wendorff-Goerge
Phone: +49 5251 693 5203
E-Mail: claudia.wendorff-goerge@wincor-nixdorf.com