Retail and Warehousing Attract More Investments from PE Funds: Anuj Puri

Anuj Puri

Anuj Puri, Chairman and Country Head of JLL India, a leading market research analyst, speaks about the growth of Indian retail, logistics and warehousing sectors, investment scenario and impacts of government’s policies on the sectors in 2016. Excerpts…

• What are investment options Retail, warehousing and logistics sector offer to Overseas and PE funds in India?

Anuj Puri: Apart from the favourite asset classes of office and residential, private equity (PE) has been taking increased interest in warehousing, logistics and retail real estate. PE investors and overseas developers are already looking at opportunities to enter India’s industrial and warehousing sector by investing in various development projects.

Investors from other nations, in general, and Asian countries such as China, Japan and Korea, in particular, have shown a lot of interest industrial development projects. A few key announcements that show their increasing interest are: 

·      

•    ‘    Wanda Industrial New City’; Dalian Wanda Group
• ·         Industrial Parks by China Fortune Land Development Company Private (CFLD)
• ·         Development of smart cities by ZTE Corporation
• ·         Neemrana Japanese investment zone
• ·         Mandal Becharaji, Japanese investment zone
• ·         SUPA, Japanese investment zone
• ·         Chinese industrial zone in Vadodara
• ·         Ascendas-Singbridge exploring multiple portfolios of industrial and logistics parks across India.

• What will be the impact on logistics and warehousing sectors when GST becomes a reality?

Anuj Puri: With the implementation of Goods and Service Tax (GST), warehousing and logistics’ spaces will start to see a consolidation of assets. Unlike earlier (small assets in various states), developers will focus on the development of large-scale, technologically advanced warehouses. 

Such assets will attract private equity (PE) investors, since they can deploy a larger amount in fewer assets, making monitoring easier. If they perform well, such assets can even fetch a better valuation when monetising through REITs or other ways.

• How do you find the demand for commercial retail assets in 2016?

Anuj Puri: In the past few months, key leasehold retail assets across the country have come on the PE radar. A few reasons include well-managed Grade-A malls starting to enjoy better occupancy with rent escalation on the cards, after a lull of six to seven years. Such well-managed assets/ entities will attract investor focus.

A few key deals seen in 2016 were:

• ·         GIC bought a 50% stake in Viviana Mall of Sheth Developers in Mumbai
• ·         Blackstone acquired the retail portfolio of Alpha G Corp through an entity level deal
• ·         Blackstone has progressed well in acquiring a stake in the retail assets of L&T in Navi Mumbai
• ·         Blackstone buying 50% stake in Pune’s Westend Mall

• What are the impacts of Government’s recent regulations on retail sector?

Anuj Puri: Leasehold retail property usually has a higher probability of success as the developer is actively involved in the key functions of mall management, especially tenant management. Various new regulations like easing foreign investment for single-brand retailers, longer shopping hours and an updated framework for establishing Real Estate Investment Trusts (REITs) have attracted the attention of various private equity funds like Blackstone, Xander, GIC, Morgan Stanley, towards the Indian retail real estate sector. 

Various retail mall developers are also looking to sell their existing retail assets and raise funds for expansion.

Mall Owners Find New Way to Bridge Rental Loss

As commercial real estate growth remains sober in cities across India leading to high vacancy levels in Malls, space owners these days adopt new strategy to bring tenants to cover rental revenue loss.

As per the new trend, retailers agree to pay less monthly rental but part a percentage of their monthly sales revenue to the shop owners. However, in the absence of a reliable real time sales data capture system, retailers show tweaked sales data to pay low rent to the owners thus causing huge loss to the later.

But with the availability of new POS software to capture real time sales data from shops, mall owners sitting at remote place don’t have to need to worry over rental loss. Not only this! They can use these data to find seasonal footfalls, popular merchandise, peak time sales, customers’ shopping pattern and behaviour, and host of other information.

Read full blog here.

Get the Best Mobile Payment Terminal for Smooth Transaction

With government insisting banks to provide two million more card swiping machines by March 2017 to tide over the cash crunch triggered by demonetization drive, the demand for payment terminals among small and medium retail stores has gone up sharply across India. 

The worst hits are, however, the small and medium traders, who are finding hard to retain customers due to acute cash shortage after government had announced demonetization of higher order currencies in November last year. The Government wants merchants to transact using card swipe machines, but the non-availability of such machines has put them in tight spot.

On an average, retailers lose 30-50 per cent of sales/business daily due to non availability of mobile payment terminals or card swiping machines as customers now increasingly prefer cashless transactions using credit/debit cards and mobile wallets. 

Finding hard to source payment terminals locally, private and public sector banks are looking for suppliers outside India with China becoming the most preferred destination to get mobile card payment terminals. 

Taking advantage of the impending huge market, mobile wallet payment companies such as Paytm, Freecharge, Easycharge M-swipe and Paynear are vying customers to buy their payment terminals to solve their payment acceptance crisis.

Paynear, for example, has invaded the market with its unique hand-held payment device, which can be used by any retail outlets to collect payment by way of cash or card. The Hyderabad-based company has claimed that through their machine, any bank card can be used to transact, withdraw money (as it acts as mini ATM as well), track sales, monitor inventory, buy bus tickets, and have hordes of other functionalities, all these for just a few hundred bucks and without any monthly subscription.

The app-based mPOS card reader can also work as Point of Sale (POS) device for small, medium and large retail enterprises as the payment terminal helps for easy checkouts, efficient customer relation management, astute sales promotion, etc to give customers a unique shopping experience.

Paynear payment terminal is also wi-fi enabled which can be connected to any Android or Apple smart phone. One has to download Paynear free app to connect the payment terminal for immediate transaction in three easy steps, says an official from Paynear.

The payment terminals are now available at Justransact.com for online purchase.

Convert your Grocery Retail Shop into a Supermarket

Are you losing customers to the nearby supermarket or departmental store just because they are more organized, customer friendly and efficient in handling peak hour rush? 

By having an efficient Point of Sale system (technology) and arranging merchandise in orderly way, your grocery or kirana store too can easily compete with a supermarket.

You don’t need to have an extravagant space and swanky interiors with spacious car parking. A simple Point Of Sale system can make your customers happy as they don’t want to waste time in your stores for buying a few items.

Again, it is a myth that these POS systems will make a big hole in your pocket and also incur month-on-month expenses. Contrary to these claims, POS products along with suitable retail grocery software are affordable and one-time investment which can be recovered within two or three months. 

Unless you opt for a Cloud POS system, where you need to pay server maintenance and service charges to the provider every month, these POS terminals are pay and own type.

Customers expect end-to-end, seamless and enjoyable buying experience. For this, you should have a suitable, dependable and advanced Point Of Sale (POS) solution (hardware and software) for grocery retail business including kirana stores, supermarkets and hypermarkets.

Read Full Blog here.

POS Technology can Transform your Restaurant Business!

As the owner of a quick service restaurant, you have plenty of decisions to make. Right from deciding menu, managing inventory, sales to engaging staff and adjusting their work schedules, you have enough on your platter. Plus you are constantly on the go and any wrong or delayed decision will ultimately affect your bottom line. So, it’s pretty risky business indeed.

But there is a breather. Modern Point of Sale technology with tailor-made restaurant POS software has made it possible that you can take some vital decisions based on concrete data and relax.

Big food-chains have already been using this aggregate data to make crucial business decisions. As a small and independent restaurant owner, you might think automating these talks would be expensive and require specialized training in data analysis. But things are not same anymore.

Read full blog here.

After Jallikattu, Leaderless TN Youth Seek to Unite under One Banner

The recent upheaval at Chennai’s famed Marina Beach and other parts of the state by agitating students, who virtually kept the state administration under siege with a single demand of reviving the age-old bull taming event “Jallikattu”, can be viewed as a strong emergence of dominant student force in the state against such common issues.

Thousands of people joined students at Marina and other places in Tamil Nadu to air their dismay against the ban on “Jallikattu,” orchestrated by People for Ethical Treatment of Animals (PeTA), asking Central and State government to take steps to revive the event from this year’s Pongal festival.

The annual event, which has been held for thousands of years on the second day of the harvest festival Pongal (Mattu Pongal), was banned by the Supreme Court in 2014 saying that event accounts to astute cruelty on animals.

Spread by messages by a few students through Twitter, Face Book and Watsapp to assemble at Marina Beach for a simple sit-in protest on January 15, the place witnessed historical gathering amounting to more than five-lakh people including students, parents, villagers and office goers, who wanted government to bring in an emergency ordinance to hold the event.

Not even in Tamil Nadu, the entire Tamil Community across the world including in the US, UK, Sri Lanka, Australia, Canada, Singapore and Malaysia expressed their support to Jallikattu and joined hands to protest against PeTA’s move to make native bulls extinct and promote Western breeds in India through Jallikattu ban.

It was the great effort by the students, who did not represent any political organization nor allowed any politician or film personality to hijack their seven-day old peaceful protest, which caught the attention of the world and media that praised them for keeping the event peaceful while putting pressure on the government to bring in a permanent solution to conduct the event year after year.

Peaceful Protests Turn Violent

The government finally succumbed to the popular demand and promulgated the ordinance on January 23 which was made as a Law in the state assembly.  However, the seven-day peaceful protest turned ugly on Monday with police resorting to baton charge, fired gunshots  in the air and threw teargas shells on agitators, who became violent when police tried to remove them forcefully from Marina after they were asked to leave peacefully.

Hundreds of people, including students and police, were injured in the incident. The students were preparing to celebrate their success with a 500kg cake on Monday, when the cops asked them to vacate the venue, it is reliably learnt. It was highly unfortunate that many innocent boys and girls got injured who had congregated for a peaceful demonstration.

Had the government informed the students about the impending Bill and discussed the content of it when it was notified on January 21, the matter would have been ended peacefully. Call it miscommunication or deliberate attempt by some miscreants who wanted to hijack the real cause of the agitation, it is highly unfortunate that the ‘leaderless’ agitators finally had to call off the strike after a bloodbath and arson.

Headless and Powerless

Though students have shown exemplary courage and restraints to protest against Jallikattu ban, they were handicapped by not having a strong leadership to take their demands through proper channels to the government, bureaucrats or media. They should have united under a single banner with members drawn from each college in the state.

Every college can send five student members to the Federation every year on rotation, who represent and fight for a cause of public interest. They can even register the federation and fight the local election. In such case, their unity would be strong and member should be guided by bylaws to prevent infringements which can dilute the very base of the organization.

With people pouring on Tamil Nadu roads for a common cause, it can herald a new beginning of a strong and corruption-free state dominated by youth power.

Efficient POS can make foodies crave for you

Hospitality industry is one of the fastest growing parts of Indian economy contributing over six per cent to the national GDP and over 8 per cent to the total employment. The Industry, which is currently valued at USD 136 billion, is expected to climb USD 275 billion within a decade, according to a government data.

Classified into two segments – Tourism and Hotels, hospitality industry’s key success remains in “efficient” handing of customers and pampering them with more facilities.

Advancement in technology and customers’ constant nudge for better treatment and facilities has changed the industry for good making it an entirely client-driven industry. Using an advanced Point of Sale technology at sales counters can lessen a number of painful and time consuming front-end and back-end operations in hotels, food courts, restaurants and casinos. Gone are the days when people used to have only cash register to account cash for the service offered.

Read full blog here.

Faye Brings Exquisite Designer Outfits for Little Fairies

BANGALORE: To capitalize the rising demand for kids' designer label in India, Faye, an exclusive fashion brand for little girls, has forayed into this un-tapped segment with a wide range of elegantly designed dresses solely for girls aged between six months to 10 years.

The designer wear market for kids is taking wings and Faye, as an upcoming fashion label for little girls in India, has introduced an elegant and chic collection of party and occasion wear for fledgling fashionistas. Faye is an aspirational brand focusing only on dressing up little girls.

"Faye was launched as an exclusive designer label for little girls in 2011 and has been unveiling ready-to-wear apparels for different occasions. Designer wear for kids is a new concept which is now gaining grounds across major Indian cities. The market is rife with untapped potential in this segment and sensing this huge demand, we have introduced elegantly cut and styled dresses for the little divas to suit any occasion," says Jose John, Founder and Director of Faye.

"Parents don't hesitate to give the world to their children today. With more disposable incomes at hand and having kids later in life when they are more financially stable, parents are able to meet the demand of their beloved child," he says.

Read full press release here.

Excite your Diners with New Tablet POS

As one of the most vibrant industries which has seen unprecedented growth in the recent years, Food and Beverage (F&B) in India continues to expand rapidly due to changing demographics and increasing double and disposable incomes coupled with urbanization and transformation of organized retail sector.

According to a government estimate, Indian F&B service industry, which is currently valued at Rs 2,04,438 crore, is expected to reach Rs 3,80,000 crore by 2017. Dominated primarily by traditional players, F&B sector has grown over the years giving rise to exciting new concepts in offerings and innovative service elements.

Consumers have given thumps up to quick service restaurants, casual dining, fine dining, cafes, making this segment a huge revenue spinning sections for Food and Beverage industry with Quick Service Restaurants and Casual Dining Restaurants alone constituting more than 77 per cent of the overall market share.

Read Full Blog Here.

Retailers scramble to install POS machines to stay in business

As India is moving closer to cashless economy after the government’s historic decision on November 8 to demonetize higher denomination currency, the recent announcement to exempt excise duty on Electronic Data Capture (EDC) machines, also known as Point of Sale (POS) machines, has made retailers scramble to install POS machines at their billing counters to accept plastic money. 

Several public sector and private banks have decided not to levy transaction charges on card payments, which will further encourage small and medium retail business to go for digital payments through EDC. 

POS machines are used for cashless transactions, both for making payments or as money vending machines to disburse cash in large retail businesses like Big Bazaar. 

Read full blog here.

Move to POS to Deck-up your Furniture Store

Selling office and home furniture in a physical retail store and managing operations seamlessly in multi-store environment has became simple and easy, thanks to new Point of Sale (POS) technology, which can be tailor-made to enhance your furniture business.

With a simple iPad, hand-held POS or desk top computer system with a printer, you can take care of the entire store from managing stocks, sales and customer footfalls to staff performance, purchase and so on.

On sales point of view, at POS counters or anywhere in the furniture shop, you can just select the furniture your customers want to buy on the iPad screen, swipe their debit/credit card, and then email or print them the receipt. 

Some of the POS hardware devices that are useful for a furniture business include: Receipt printer, modular POS, tablet POS or MPOS, barcode scanner, barcode printer, label printer, magnetic stripe reader, and cash drawer.

Read full blog here.

How to Choose Right Mobile POS for your Business

Finding a right mobile point-of-sale (mPOS) solution for your business needs often require proper guidance. Since options are many, retailers often find themselves doing an exhaustive research to find a suitable mobile solution for their POS counters.

 

This decision-making process, however, can be less agonizing if they focus on a few explicit areas. These are some factors which should not be compromised when finalizing an exact mPOS solution for a particular business.

Security: Payment security is one of the most critical factors to analyze while introducing latest technology to your business. It can be said that this is the most important factor you should consider for getting a comprehensive mPOS solution. Care should be exercised that even if you have the most expensive, innovative and showy hand-held POS devices with payment processing system, it won’t serve you if it isn’t secure.

Read full blog here

Demonetisation: Kirana stores and Tea shops may soon swipe cards

The demonetisation of high denomination currencies, which is intended to check black money, hawala transactions and fake currencies in India, is believed to be the step closer to make the country less dependent on cash, and increase card transactions in small retail business establishments like tea shops, saloons, kirana stores and even paan shops in the coming days, experts say.

Smaller currencies are in demand now as Rs 500 and Rs 1000 are no longer welcome for pubic transactions. Roadside shops such as tea stalls or snacks corners are finding difficult to part with liquid cash of lower denominations to customers and are hence losing business.

Read full blog here.

Embrace POS technology to enhance your textile business

The Indian textiles industry, which includes apparels and other finished and unfinished garments, are growing rapidly and is expected to value US$ 223 billion by 2021 from the present US$ 108 billion. The second largest employer after agriculture, having over 45 million direct workforce and 60 million people working indirectly, Textile Industry contributes about five per cent to the country’s Gross Domestic Product (GDP).

Technology and growing demand for improved shopping experience from young Indian shoppers are the trend setters for the industry to grow at phenomenal pace. Technology has indeed changed the way traders these days complete their transactions. 

Read full blog here.

Making Inroads into Healthcare Services through Barcodes

Barcodes are ubiquitous these days and the ever-expanding healthcare industry is no exception to this trend. In other words, the introduction of barcode technology has indeed helped the industry in India to improve its service quality and safety standards.

According to a senior official from Zebra Technologies, the leading makers of Point of sale receipt printers, barcode scanners, barcode printers, mobile printers, etc to retail and non-retail industry, the usage of barcode has gone beyond its traditional retail applications and has now entered into newer markets.

Read full blog here.

How to Engage your Customers at Point of Sale

Satisfying customers and bringing them back to your stores is a daunting task.  Businesses work hard and spend every moment to understand customers’ pain-points for better customer management. Happy customers, however, are the ambassadors for brands.

Understanding that (unhappy) customers seldom let retailers know about their bad experience, businesses across the world have embraced modern technology to gauge their satisfaction levels using a few techniques like installing ‘feedback monitors’ at Point of Sale (POS) counters or engaging them through various social media tools.

Read full blog here.

Improve your E-commerce Business with Scalable Logistics Service

A good logistic support and supply-chain management is the backbone of any business involving manufacturing or supplying of goods. According to a market research, India is currently spending a whopping 14.4 per cent of its GDP on transportation and logistics related services compared to eight per cent by other developing nations. 

With GST round the corner and expected to be implemented from 2017, the logistics market in India is likely to grow at a CAGR of 12.17 per cent by 2020, largely driven by the growth from e-commerce sector followed by retail and manufacturing sectors.  The boom in e-commerce sector has far reaching implications on the growth of logistics sector, as dependable logistics infrastructure is crucial for success and sustainability of these firms.

Read full blog here.

Beware! Your Cards can be Hacked at ATMs and POS Terminals

With the recent reports of data breaches from ATMs involving over 3.5 million debit cards in India and banks rushing to block as many number of cards, warning bells should ring aloud for those who frequently flash their plastic cards anywhere and anytime to shop, specially at unauthenticated or unsecured point of sale or payment terminals.

The incident also threw open a serious debate on how far our ATMs and Point of Sale payment structures are safe when malware experts adopt all new techniques to export vital credit/debit card details from POS terminals to their far exist servers.

Though it is still not clear that how much money was siphoned off from card holders’ account and how banks are going to compensate customers, it is however, clear that debit and credit card holders can’t sit back and relax now.

Read full blog @Merinews.com

Stock Adequate POS Consumables to Avoid Checkout Fallouts

You own a retail store and have recently upgraded your point of sale or billing section with latest POS hardware and software to suit your business. Your customers are now happy to visit your (organized) store as they don’t need to spend hours and get frustrated as automated check-outs or manually-operated POS system can take care of scanning barcodes of goods, process payments and produce bills in just few seconds.

Modern technology helps retailers use mobile point of sale(mPOS) technology, which facilitates customers pay bills and take away goods from anywhere in the shop. These hand-held devices can produce instant bills like fixed Point of Sale printers but has great advantage due to its mobility factor and other features like Wi-fi and Cloud compatibility.

Read full blog here.

India to witness ten-fold rise in cashless transactions by 2020

With technology aiding the growth of retail industry, the global contactless transactions at Point of Sale (POS) through cards, mobiles and wearables will hit an all time high of $500 billion by 2017, and India whose cashless transactions currently valued at $50 billion will see a ten-fold increase by 2020, according to research reports.

Data obtained from Juniper Research has found that due to surge in contactless-enabled POS terminals across the globe which is aimed at giving customers improved shopping experience and easy check-outs, cashless transactions, which is currently at $321 billion, will surge to reach $500 billion next year.

Technology implementation has gone up globally and many card companies have obliged retailers’ demands by make POS terminals contactless-ready, said Juniper.

For example, financial services provider Visa has introduced 3.2 million terminals in Europe till April this year, which is 23 per cent more than 2.6 million terminals installed at the end of 2015, the report said.

In India, a recent report by Google India and Boston Consulting Group have predicted that by 2020, close to $500 billion worth transactions will happen electronically through e-wallets and other digital mode of payment systems, which is ten-fold increase from the present level. The driving force to wide-spread digital payment acceptance is due to sharp increase in the use of smart phones with internet connection and increase in demand for comfortable, easy and fast shopping, said the report.

The report titled “POS Terminals: Market Strategies and Segment Forecasts 2016-2021”, further said that while many countries still remain clueless about contactless payment system, several developing and developed nations are overwhelmingly using contactless payment terminals across all payment platforms.

The Juniper report has predicted that by 2020, two in every three POS terminals will be contactless enabled POS terminals paving the way for huge demand for such terminals and abundant opportunity for payment device manufacturers.

Contactless cards, the report said, will rule the major markets, and will represent one in every two payment cards issued by 2021, and smart phone and mobile-POS will witness 20 per cent of total retail POS transaction value. However, Juniper warned that despite the overwhelming growth of contactless payment market, the growth will be limited in some growing markets.

Nitin Bhas, the research author said, “This is primarily due to the less supply of POS contactless enabled POS terminals, and also that some potential markets like India and Germany are likely to remain cash-centric for few more years.”

Bhas predicts that Germany will remain cash-centric economy with around 57 per cent of in store transactions happening through cash, while in India still more than 90 per cent of retail transactions are happening through cash.

Written for JusTransact.com

MPOS can enhance your bakery business

If you are an experienced baker and running a single or chain of stores in a locality, you need to understand that just offering tasty, hand-made and fresh-baked items alone will not suffice to hold on to or improve the business, but should give immense importance to customer experience at your outlet for sustainability.

Modern customers generally go by the appearance and ease at which they could transact at Point Of Sale even during peak hours. So, it is essential that you take care of your shop’s inner and outer appearances besides improving the quality of the stuff you sell.

Technology has changed the bakery business for good. Therefore it is necessary that you adopt the right technology for your store which can automate many of your sundry/routine daily works which otherwise consume considerable man-hours and lead to errors, if performed manually. 

Read full article here.

Enrich Your Shopping Through Mobile Wallet

A new payment system in the name of ‘mobile wallet’ is gripping the new age shoppers across the world and in India, with huge penetration of smart phones and customers constantly looking for improved shopping experience, it’s no surprise that mobile wallets have become the most favoured payment option among customers, whether they pay at physical stores or on-the-go.

According to a recent survey by eMarketer, in the days to come, more consumers are likely to pull out their smart phones to pay for services and goods they receive from retailers.

Real full article here.

How to Find Perfect POS for your Business

Finding the right POS solution for a retail business can be tricky though we have several payment options available these days. If you don’t get right advice, you may end up losing money by investing in wrong and incompatible POS setup for your store.

Each POS system offers a set of distinct features. Before making a big decision, you should understand the big picture such as how it works, what it provides, how easy to execute, whether you get good after-sales support from the vendor, etc. Before you understand what makes each POS solution good or bad for your business, you need to pay attention to certain overarching points.

Read full article here

JusTransact Throws Open Online Bazaar for Indian POS Sector

Press Release

Chennai, October 5, 2016: After its successful launch of India’s first E-commerce online market place for Point of Sale (POS) technology - JusTransact.com, Millennium India has added yet another ‘first’ to its credit by unveiling country’s only online B2B portal for POS brands and distributors who can converge at one place to transact simultaneously.

Aimed at cutting down the huge supply chain losses faced by thousands of hardware and software POS products vendors across India and improve sales volume of Brands, JusTransact’s Partner Zone also aimed at ‘empowering’ small, medium and large enterprises across the nation by automating their business with affordable, scalable and world-class POS technology.

Commenting on the launch of JusTransact’s Partner Network (http://partner.justransact.com/), Bhaskar Venkatraman, Founder and CEO of jusTransact.com said: “JusTransact’s partner network throws open a unique opportunity for both POS brands and resellers who can communicate directly on a single platform, thereby cutting the supply chain losses in terms of time and money. Resellers can directly get POS products from manufacturers at much lower price and can hence pass on the cost benefit to their customers, who are predominantly small and medium retail businesses. For brands, they can find all buyers in one place and hence get great traction and growth. In short, it is a win-win condition for both brands and vendors.”

For partner network, jusTransact plays a pivotal role in connecting both POS brands across India and local vendors who can be either main/region-wise distributors, vendors, stockists, software service providers, or stores selling POS products to retail businesses.

Further listing the advantages of partner portal, Bhaskar, who is also one of the pioneers in introducing POS technology in India, said: “POS Manufacturers need not have to look for distributors for their products, but can simply register with us and sell their products. Their products can be seen only by registered vendors, who can order POS products with appropriate quantity instantly. To facilitate fast and reliable goods movement, we offer free logistics service. We pick, pack and ship to buyer’s address wherever they are.”

To make it attractive, jusTransact has kept registration ‘free’ for partners and also introduced JusMoney wallet where points are credited for every purchase which can be adjusted against the purchase value.

JusTransact currently deals with over 1000 POS products of more than 40 top brands including Epson, Honeywell, Toshiba, Posiflex, Godex, TVSE, Opticon, Casio, Bixolon, Zebra, Essae, to name a few.

Bhaskar expects that more POS brands will make use of Partner Network Zone and offer their products such as POS terminals, barcode scanners, barcode printers, automatic cash drawers, receipt printers, mobile POS, hand held terminals, etc at attractive prices to vendors, who otherwise get them from local distributors at much higher price. “The partner network will also help to speed up the automation process of India’s retail sector where more than one million traders are still following traditional transactional practices,” he said.

The Justransact partner network for POS will also create a level playing field as every vendor – from main distributors to local stockists – across India will get their goods at same price thereby avoiding unethical business practices, opined Bhaskar.

PR for: http://www.justransact.com/media/press-release/justransact-unveils-partner-network-zone-for-pos-vendors

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