The global point of sale technology market is expected to reach $108.46 billion by the end of 2025. As businesses, particularly in the retail sector, turn to data for business decisions, and customers demand personalized shopping experiences, POS systems will become the bridge between these two areas.
With the number of smartphone users increasingly rapidly, for the most part, transactions are being done online due to the convenience it offers. APAC countries are embracing the usage of mobile payments because of the increasing number of mobile POS users.
As customers shift their shopping from in-store to online, they want transactions to be faster and have a personalized shopping experience as well. To this end, businesses are upgrading their POS systems and adding features like contactless payment options that enable faster transactions. AI-powered POS systems are helping companies in securing their customer information and preventing fraud by alerting them instantaneously.
It is known that the retail sector is entering new territories and retailers need to grow with the technology advances as it evolves to fit different changes. Adaptability is a prime factor, and with the best technology, this transition to using POS systems can be painless. On that note, this edition of Retail CIO Outlook features some of the leading-edge POS vendors that are at the forefront of advancements with their technology.
We present to you Retail CIO Outlook’s, “Top 10 POS Solution Providers in APAC - 2020”