Robust growth for mPOS market in India

According to a new study by Transparency Market Research, mPOS shipments worldwide are expected to witness a 20-fold growth of 245.21 million units by 2022 from 11.87 million units recorded in 2014.

The research titled “Mobile Point-of-Sale (mPOS) Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022,” focused on the global market with an in-depth analysis of four countries namely India, China, Mexico and Brazil. The market is estimated to expand at a CAGR of 47 % during the forecast period, the report said.

The research took three parameters into account -- Solution, technology and end-users by considering related things which include:  Card Reader Accessories, Integrated Card Reader Solutions, Hybrid Technology Solutions, Magnetic-Stripe, EMV Chip and Pin, Near Field Communication (NFC), Biometrics, Chip and Sign, Restaurant, Hospitality, Healthcare, Retail, Warehouse/Distribution, Entertainment, Transportation, Government and Consumer Utility Services.

The global mPOS market is expected to witness a tremendous growth outside Europe and North America, considering the untapped prospective markets in developing nations. The widespread usage of Internet and technology in emerging markets are the major factors which are driving the mPOS market. 

India and China to rule mPOS market

India, being the fast emerging market among Asian peers, is expected to see a leap-frog growth in mPOS shipments with an expected CAGR of 55.8% during 2014 – 2022. The growth can be attributed to the presence of large number of small merchants, widespread usage of smart phones and Internet penetration in the remote areas of the country, and proactive government policies. 

Moreover, leading banks in India have launched NFC-enabled credit and debit cards, which further funnelled the growth. Further, China is expected to grow at a CAGR of 53.3% in terms of mPOS shipments during the period. Government policy for branchless banking and the efforts to create mobile micro-ATMs in rural areas in China will further drive the mPOS market. 

The report said, China will increase in shipments of NFC mPOS solutions, due to the advantages of NFC technology over the older mPOS.

Emerging economies 

In the coming years, Mexico and Brazil are going to be the other emerging economies for mPOS market considering the untapped potential in the region in and around the nation. While banks in Mexico take efforts to promote card payments by joining hands with mobile payment technology vendors, for Brazil its retailers of various sizes would play a major role in adopting mPOS solutions. The large adoption of mPOS in developed markets such as Europe and North America is expected to grow due to the replacement of outdated mPOS devices.

Transparency Market Research (TMR) is a leading market intelligence firm providing global business reports and services.

The article published in jusTransact.com

New Integrated Industrial Township to Adorn Uttar Pradesh Realty Map

Industrial townships are developed, not only to meet the growing demands of manufacturing sectors, which add up to the economic growth, but also create huge employment opportunities in the respective region besides boosting infrastructure and new residential settlements. These townships are self-sustainable where people enjoy all the basic amenities while residing closer to their workplaces.

Uttar Pradesh, which has several such industrial corridors to its credit, is all set to witness a world-class integrated industrial township coming up in Greater Noida as part of the much-awaited Delhi-Mumbai Industrial Corridor (DMIC) project.

Written this article for Gozoop.com

Read full article here.

Welcome to new Indian hospitality!

The hospitality industry in India has seen a complete makeover during the last decade clocking unprecedented growth with a CAGR of 12 per cent year-on-year and achieving a significant flow of foreign exchange into the industry. According to an estimate, the sector’s direct contribution to GDP accounts for US$ 44.2 billion in 2015 and expects to surpass US$60 billion in 2020.

Though several factors including growing consumer demands/needs, expanding economy and government policies can be attributed for its explosive growth, the one which does the behind the scene operation is undoubtedly the technological evolutions at the point of business transactions, which transformed the industry to met ever-changing consumer needs.

Read the full article here.

Also published in: Merinews.com ; IndustryToday.co.uk; PressreleasePoint

Union Budget 2016: Real estate sector looks up to FM for revival

It’s Budget time again, and Indian real estate sector is yet again pinning on the hope for a slew of measures from the government which will see the revival of the struggling sector. 

While most of builders and realty experts believe that measures to improve consumer sentiments through income tax rebates and reduction in borrowing rates can put the life back into the system, others want the government to take long term measures by implementing the much-talked about REITs, Special Residential Zones and Real Estate Mutual Funds (REMFs) to make the real estate more vibrant. Here are the excerpts.

Read the full interview here.

This article also published in Merinews.com