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Increase in Technology would provide better payment gateway

Retailers expected to implement new Payment tech at point of sale

Apnaloan.com Research Bureau

27 Jun 2008

Do to increasing usage of plastic money retails players in India want to adopt  new technology solution for customer payment.

Zinnov (Management research and consulting firm) predicts that the card based point of sale which is around Rs 32 crore ($ million) will rise to 18 per cent to touch about Rs 48 crore ($21 million) by 2012.

As reported by Business Line Mr Animesh Khan, Senior Consultant, Zinnov, says Management Consulting Pvt Ltd.  The increase usage at point of sale (POS) would be determined only by increased implementation of information technology by retail stores for providing better payment gateway.