With mobile technology creating storm in every industry sector, the global retail business has made big strides during the last few years owing to advancement in mobile communication which helped consumers enjoy a unique shopping experience.With plastic cards transactions still rule the payment market, online transactions using smart phones or tablets, the mobile POS technology adoption is gaining momentum and growing at rapid pace.
India too is not lagging behind to this trend. With e-commerce sector taking a big leap, the Rs 600 crore retail sector is poised to reach one billion mark within five years, thanks to the overwhelming indulgence of online shopping by Indians through smart cards and mobile devices. Several retailers in cities and towns too are leaning towards mobile Point of Sale (POS) devices to sophisticate their business transactions and thereby, increase customer's satisfaction and sales.
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