20 Most Promising POS Solution Providers - 2016

Technology is moving at such a rapid pace that the devices customers of an organization carry in their pockets are light years ahead of what the employees of that organization are using. And with years-old POS systems keeping the customer-facing staff tied to the till, the level of in-store customer service the staff can provide has suffered greatly. 2016 is witnessing an emerging need to equip employees with the (mobile) technology that will allow them to get out from behind the counter, and start talking to the customers.

In February 2016, a report by Counterpoint Research stated that India has become the second largest smartphone market in the world with 220 million smartphone users. Thus, it does make economic sense for businesses to have a mobile first/mobile ready platform. Payment system providers are now offering ready-to-integrate development kits for mobile app companies to deliver a native payment experience. Savvy consumers are now ditching even their credit/debit cards when it comes to making a purchase online, all thanks to wallet and banking apps which allow swift checkout experience. Speaking of which, restaurants, brick and mortar stores which, not very long ago, depended upon traditional POS systems for payment collection are also giving wallet users an option to use the same instead of swiping their bank cards. However, now contactless payment is the next step, where, in a tangible scenario, customers can make payments by flashing their card at the terminal.

Observing these trends, CIOReview present to you a list of ‘20 Most Promising POS Solution Providers.’ Being closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXO, analysts and CIOReview editorial board we believe that these companies are about to shape the future of digital payments by giving the best transaction experience to the end user while easing the payment collection process for any business.

We present to you CIOTechOutlook 20 Most Promising POS Solution Providers - 2016.