Choose the Right Receipt Printer for your Store

Every purchase in the retail outlets ends up with printing receipts at Point of Sale (POS). With hand-made bills becoming a passé, receipt printers play an important role in modern point of sale system.

Receipt printers are used by every retail business to print credit card bills or customer purchase receipts. Receipt printers can be found in varied industrial applications such as in textile showrooms, medical stores, kirana shops, super and hyper markets, hospitals, and food and beverage industry.  

In hotels for example, receipt printers are used to print orders at bar or kitchen. These printers are classified into three types viz. thermal, ink jet and dot matrix printers.

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Why do you need mobile POS for your restaurant

 Whether you own a brick-and-mortar eating joint, order and carry food court or any other eatery, having a perfect POS system can help you accept payment efficiently and quickly from customers wherever they are without making a beeline to cash counter.

Having a Mobile POS device can complement your traditional POS system and can give your customers an unforgettable dining experience in your restaurant. Mobile POS are simple to use, handy, cost efficient, trendy and holds host of features to simplify your business activities.

So, what is mobile POS?

Mobile POS or mPOS devices look similar to your smart phones or tablets but are programmed in such a way that it act as individual POS terminals doing all the works of traditional billing devices and can be carried to any part of the restaurant or business places for instant and secured transaction.

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Bixolon Provides Cutting-edge Technology for Businesses in India, says Anton Jebadurai

Bixolon is the world leader in providing cutting-edge technology products to various industries with their application oriented devices. The technology giant from Korea has created a niche for itself in supplying world-class Mobile printers, Mobile POS devices, POS printers, Label printers, POS peripherals and accessories to leading manufacturers and retailers across the globe. 

Growing at a rapid pace in India, Bixolon has a huge catalogue of products to cater to Indian retailer and non-retailer community. C Anton Jebadurai, country Manager, Bixolon India speaks to JusTransact.com about company’s growth projection, future plans, product line-ups and speciality on mobile printers and their advantages. Excerpts…

You are one of the world’s leading POS & Mobile Printer brands. What are your plans for India?

We have been developing advanced Receipt, Label and Mobile Printers and maintaining our position as world leader in this segment. We have been chosen as world’s leading mobile printer brand by the leading research analyst Chunichisha for the last three consecutive years. We are extremely proud of this prestigious honor.

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How POS Technology can Manage your Business

Relying solely on manpower without the help of technology for managing store operations is a daunting task for brands. To better manage and understand the challenges faced by franchisers, technology solution providers are being roped in to pace up store operations and reduce the hiccups encountered by manpower. 

Brands prefer to automate their operations and some of them even adopt SAP platform to manage complete store solutions. 

Commenting on adoption of modern technology at POS and in-store supported by suitable software solution, Bhaskar Venkatraman, Founder and Director of JusTransact.com, a leading e-commerce firm handling Point of Sale technology products for retail and non-retail industry in India, says: “To speed up the delivery cycles, process and customer satisfaction, brands use SAP technology to efficiently manage POS and in-store activities. In retail business, where too many sub-systems need to be merged and equated to get results, complex but simplifying process such as SAP brings together ledgers, sales, production, all in one line.”

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GST will Benefit India, Augur Economic Growth, feel Experts

The long awaited Goods and Service Tax (GST) has passed the last mile hurdle with country’s upper house of Parliament clearing the Bill on Wednesday, after much deliberations and amendments to appease the strong opposition. How does this tax reform going to benefit the retail sector which has been making a strident growth and become one of the fastest growing sectors? We asked a few industry veterans about the pros and cons of GST implementation. Excerpts…

Baskaramoorthy, VP Sales, Posiflex India: “End users might end up paying additional taxes if percentage of taxes under GST regime is increased from the current VAT level. However, it will help traders and manufacturers to leverage business across India with effective supply chain and distribution of products.  The biggest relief is that GST will do away with the current C-form and interstate forms which are presently collected at the end of each year.”

Bhaskar Venkatraman, Director, Millennium India, a veteran in Point of Sale technology in India: “GST in the present format is going to benefit the economy, businesses and consumers alike. As it is going to replace 17 indirect taxes, tax procedures will be more simple and transparent. 

Apart from pushing up tax revenues, the corruption at check posts and slow-movement of trucks will become the things of the past. Since calculation of tax is going to be uniform across all states, finance people will heave a sigh of relief as they no longer muddle with complex forms while dealing with inter-state goods movements.”

C Anton Jabadurai, Country Head, Bixolon India: “GST will facilitate the possibility of automation in tax calculation and goods processing, which will increase the requirement of POS hardware across India. Apart from smoothening the supply chain management, GST implementation will create a transparent tax regime across all states which will benefit both traders and end-customers. In the long run, the frequent price rise due to high transportation and warehousing cost will come down drastically.”

Anuj Puri – Chairman & Country Head, JLL India: “The Goods and Services Tax (GST) is the most essential taxation reform which is going to alter India’s economic prospects. Single taxation, covering all goods and services, is a welcome change. GST will eliminate cascading effect of taxes, and will boost tax collection while reducing overall taxation levels. However, post GST, the results will be evident only after two-three years from now.”

Slated to increase the country's GDP by one point, the GST era, which is going to unfurl from April 2017, will surely be the new chapter in India's tax history post Independence. How far it will benefit the country and common man, one has to wait and see.

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Indian Digital Shopping Bags to Worth $500 Billion by 2020

The phenomenal rise in smart phones usage coupled with internet penetration, availability of several easy payment options among banking and non-banking institutions through POS and positive changes in regulatory norms are increasingly driving Indians to adopt digital payment option, which is likely to worth a whopping $500 billion by 2020, according to a report.

A new study by internet giant Google and Boston Consultancy Group (BCG) pointed out that Asia’s third largest economy will witness its overall spend through digital means reaching a ten-fold rise to reach $500 million in four years from now, which is country’s 15% of current GDP.

“Aided by smart phone penetration and progressive regulatory policies, India’s digital payment industry is all set to witness a ten-fold increase by 2020. Top 100 million internet users having smart phones or otherwise, are likely to contribute 70 % of Gross Merchandise Value (GMV), which indicates the increasing trend of people preferring digital payment option,” says Rajan Anandan, Google’s vice-president for India and South-East Asia.

Experts believe that the trend will drive more POS machines like pos printers, barcode scanners, barcode printers, MSRs, Touch POS, tablet POS or mobile payment solutions such as mobile POS, etc., into retail sector, where more number of transactions happens through non-cash modes such as credit/debit cards, unified payment interface (UPI), mobile wallets, net-banking, cheques or demand drafts.

Read full PR article @ JusTransact.com

Media contact:

K Ramanathan

kr.iyar@gmail.com