Mobile POS–One of the Most important “Retail stores trend”
A Cashless Society would Hurt the unbanked and underbanked.
Let us talk about Technology for retail stores trend:
One area of focus is mobile POS; IHL predicts that POS tablet shipments will grow at 23% to 1.1 million in 2025, up from 892,000 in 2020.
You know, compared with the bulky traditional cash register or the more modern POS machine, it can only be used in stores. In the new mobile payment environment, many new cashier tools can be matched, such as: using iPad as pos host, will not only limit the use space of the device to the desktop, but also you can take it home, This will actually greatly reduce the investment required for operation.
The further popularization of iPad POS will definitely promote the rapid growth of market demand for commercial tablet stand
Btw, Consumers still use cash for retail purchase, Despite self-checkouts and other trends that reduce cash use, cash in circulation has actually gone up. Consumers still want to use cash in many situations, such as purchases of $10 or less, farmers’markets, and pop-up stores. And a cashless society would hurt the unbanked and underbanked.
Therefore, the cash drawer is still a very important pos related product with high utilization rate for a long time in the future,
Even if there is cashless trend, store operator also needs a durable compact cash drawer with enough space.
Mobile POS Core advantages: less investment, simpler cashier system,
Less labor, higher efficiency.