Point of Sale systems has been used for decades now. They are a necessary part of the business process for many hospitality and retail businesses. Of course, just like other elements of modern business, POS systems today have changed. In fact, they are changing every year and this is the main reason why every business owner should follow the latest trends in this field. Now let’s check some of the POS trends for this year.
- Mobile POS systems are on the rise
According to the latest statistics, more and more people in the United States and around the globe are using mobile Point of Sale systems. These systems are used for data access, check out and few other things that make business operations a lot easier. Mobile POS systems are available for the most popular operating systems and the best thing about them is that they come equipped with many different features.
- Online vs. physical
Another interesting fact is that online retail is going stronger, but this doesn’t mean that physical retail is over. As a matter of fact, many online businesses are including elements of physical businesses like Amazon for example. In addition, physical stores are adding online features in their businesses. For example, many physical stores are using tablets for financial transactions, inventory management, and information access.
- Cloud technology
As you are probably aware, cloud technology is the next big thing in the world of technology. There is a tendency to connect mobile Point of Sale systems and the equipment associated with these systems to the cloud. In this way, you can safely store data and get system updates easily and conveniently. Everything is getting integrated into the cloud.
- Cash vs mobile wallets
Google Wallet and Apple Pay are already used by thousands of people. But, many people are still using cash to buy things. There are reports of people who have replaced their mobile wallets with cash too. Some experts claim that you can make better decisions when you use cash instead of virtual mobile wallets. Conscious business owners must take every option into account.
- Integrated commerce
In the end, it’s worth mentioning that modern POS systems are unifying multiple channels into one platform for better communication. In other words, there are POS solutions that let you operate physical stores, mobile apps and online stores from one place.