| |December 20174CIOReviewOffice Editorial queries editor@cioreviewindia.comAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103NoidaTel 120 4639300 To subscribeVisit www.cioreviewindia.com/magazine-in or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarVirupakshi PattarSales & MarketingAmrit SinghIndranil ChakrabortyRohit RaghubanshiRavi KalgiCIOReviewGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamChitra MishraArchee RoySuchita Gonsalves Vinisha PaivaAnitha TLakshmi GCIOReview No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017MaitreyeeCIOReviewVOL 5 · ISSUE 12-1 · DECEMBER - 2017Sheethal M S Mohana KrishnanSr. VisualizerVisualizersPrinted and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2017 Bizprint Media Technologies Pvt Ltd, All rights reserved. Re-production in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.EditorialEditorialResearch demonstrates that there was a structural break after November 8, 2016, with a permanent increase in digital payments and decrease in the relative importance of cash. This was a steep climb for the POS terminals and solutions. Innovations in this domain multiplied in the order of magnitude-1000s. Search the web and you will realize how much of the POS technology adoption has been affected by last year's demonetization. Every article talks about keywords comprising demonetization and POS. Now, here's the catch. The government's fuelling to give the spot light to digital payments hasn't quite gathered the steam a year after demonetisation. After an initial surge in digital payments, largely attributed to a shortage of cash in the banking system, digital transactions have seen a dip, indicating a slow reversal in the usage of digital platforms. While total value of transactions via electronic payment system hit a high of INR 149 lakh crore in March 2017, up from INR 94 lakh crore in November 2016, digital business fell to a low of INR 107 lakh crore in July 2017 and INR 109 lakh crore in August, according to figures available from National Payment Corporation of India (NPCI). Those are drastic figures and quite discouraging for the Indian digital payments solution providers. Nevertheless, compared to the scenario 5 years back, we have achieved and started practicing digital form of payments far more densely. Talk about innovation. Close to seven to eight lakh calculators are sold every month in India, and Flipkart's infant payment arm, PhonePe, aims to tap into this very market, and up the ante by offering an integrated payments solution that every merchant, big or small, can easily identify with. PhonePe, on October 31 this year, announced the launch of its indigenously designed Point of Sale (POS) device powered by Bluetooth technology. The device looks much like a calculator but does more than just tally numbers. We, here at CIOReview India, worship technological innovations. And so, in this edition, we queued the top 20 most promising Point of Sale solution providers. Hope you find your kind of innovation that fits at core of your business. Flip through and let us know what you think.Emmanuel Christi DasAsst. Managing Editoremmanuel@cioreviewindia.com.Point of Sale to give Major Innovation Goals PublisherEditorAsst. Managing EditorAlok ChaturvediSudhakar SinghEmmanuel Christi Das
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