Author: yourpostech
Razorpay, India’s Omnichannel Payments and Banking Platform for Businesses has announced the launch of Instant Refunds on UPI transactions by Razorpay POS. This solution will allow merchants to provide a more seamless in-store payment experience to their customers by providing instant refunds for failed UPI transactions within 2 minutes, resulting in faster checkouts. When transactions are delayed and funds are debited from the consumer’s account but not received by the merchant, customers hesitate to retry the payment or opt for an alternative method, often abandoning the purchase. This not only hampers the consumer experience, causing confusion and frustration but also raises operational costs…
A front-runner in driving constant innovations in UPI since 2017, Razorpay, on 22 January 2024, announced the launch of Instant Refunds on UPI transactions by Razorpay POS. This industry-first solution will allow merchants to provide a more seamless in-store payment experience to their customers by providing instant refunds for failed UPI transactions within two minutes, resulting in faster checkouts. UPI payments have rapidly emerged as the norm for digital payment acceptance in India. In 2023, UPI platform transactions exceeded the 100 Billion mark, reaching around 118 billion, marking a remarkable 60 percent growth from the previous year’s 74 billion, as reported…
Razorpay has introduced Instant Refunds for UPI transactions on its POS platform. Merchants can now offer a smoother in-store payment experience with refunds processed within 2 minutes, enhancing checkout speed. In 2023, India witnessed a 60 per cent growth in UPI transactions, surpassing 100 billion. Despite a 300 million user base, businesses, especially in Point of Sale transactions, encountered delays affecting customer experience and operations. The newly introduced solution aims to improve checkout speed and overall customer satisfaction. Commenting on the industry-first solution, Byas Nambisan, CEO, Razorpay POS, said, “With the increasing preference towards providing omnichannel payment experiences, businesses must…
Point-of-sale (POS) systems have evolved beyond the conventional cash register. Beyond consumer transactions, new POS machines connect to a growing network of complicated systems. As a result, merchants must do extensive end-to-end testing to ensure optimal POS software performance and integration functionality for seamless operations. Retailers must avoid deploying inadequate software that leads to long checkout queues and erodes buy intent, as in-store retail sales are projected to reach $4.2 trillion in the US alone by 2028. Despite advances in AI-augmented test automation and its ability to address quality, speed, and coverage challenges, most merchants continue to use manual POS…
Fortis, a payment solution provider, has announced its entry into the UAE market with an integrated POS and CRM system. According to the official statement, Fortis aims to help entrepreneurs manage offline and online transactions smoothly, streamline orders, establish personalized loyalty programs, and run their businesses more efficiently. The services are also geared for small service and retail firms. Fortis is developed to connect merchants and customers to generate more revenue for merchants while providing an omnichannel experience to customers. Fortis POS and CRM solution offers a platform to serve customers both online and offline. The system accommodates various payment…
Fortis, a payment solutions provider, has entered the UAE market with an integrated point-of-sale (POS) and customer relationship management (CRM) system designed specifically for small service and retail enterprises. Fortis was created to link merchants and customers, generating greater money for businesses while providing a seamless omnichannel experience for customers. The payment solutions company enables entrepreneurs to manage offline and online transactions smoothly, streamline orders, establish tailored loyalty programs, and run their businesses more efficiently. Fortis POS & CRM Solution provides a platform for serving consumers online and offline. The adaptable system accepts a variety of payment methods, allowing businesses…
If you sell goods or services, you will need a way to accept customer payments. While some businesses can make do with a simple cash register, many others rely on a point-of-sale (POS) system. A POS system not only allows you to ring up sales but also manages your inventory, employees, and customers through a single software solution. This article will guide you through choosing the best POS system, with details on pricing, features, and factors to consider. What is a POS system?A POS system is a combination of hardware and software that is used to ring up sales and…
Linnworks, an e-commerce inventory and order management software that helps retailers automate key processes, reduce costs, and grow their business, announces it has partnered with Lightspeed Commerce Inc., the unified ePOS and payments platform for ambitious entrepreneurs who wish to accelerate growth, provide the best customer experiences and become a go-to destination in their space. By partnering with Lightspeed, Linnworks is thrilled to offer its first-ever global ePOS integration, bringing together two e-commerce heavyweights. As a result of the partnership, Linnworks customers easily connect to Lightspeed Retail and take advantage of the multitude of payment options, smart functionalities, and pre-built…
PT Pos Indonesia has introduced robotic parcel sorting technology at its processing center in Surabaya, a port city on the island of Java, as part of its move toward full automation. The t-Sort system from Libiao Robotics has been integrated with Pos Indonesia’s existing IT system along with RFID parcel scanning software, to enable parcels and letters to be tracked from the moment they leave the sender until they arrive at the delivery address. “Everything is connected,” explained Faizal Rohmat, a director of Pos Indonesia. “This means we will be able to ensure the fast and safe parcel and letter…
Manhattan Associates Inc. (NASDAQ: MANH) today announced significant enhancements to its Manhattan Active® Point of Sale (POS) application designed to meet the dynamic needs of modern store associates. The refreshed store app includes embedded clienteling capabilities to convert sales and enhance service, ultra-fast checkout, and the ability to work offline without requiring an in-store server. Today’s digital native shopper creates both additional complexity and opportunity for the store associate. With a commitment to continuous innovation, Manhattan continues to partner with its customers to make sure store associates are well equipped to maximize their store’s potential. Part of the industry leading…
