In the era of mobile payments, have POS machines and cash register opportunities been eliminated?

With the increasing popularity of mobile payments, the emergence of endless payment technologies has made payment collection more convenient. Some people began to question, in the future, POS machines and cash register opportunities will be eliminated? In response to this, two different points of view are extended.

The mobile payment market has unlimited prospects

Viewpoint 1: In the near future, POS machines will be eliminated by mobile payment!

From the grocery market to the grocery shopping, to the purchase of home appliances in supermarkets, people now prefer to pay with mobile payments such as Alipay or WeChat Pay rather than using bank cards. The cashier puts the QR code of the merchant account at the counter, which can easily complete the collection and payment action, saving time and space. Even if the state now stipulates the daily limit for static codes, many bosses can still come up with other countermeasures. Scanning code box is one of the standard of many businesses now. Customers can scan and pay with their mobile phones, eliminating the problem of change and counterfeit currency. Therefore, people in the industry believe that within three years, bank cards and POS terminals will be replaced by mobile payments.

Smart scan box TPS506 accesses multiple universal platforms

Opinion 2: Cardless payment is the future development trend, but POS machines cannot be completely replaced!

With the rapid development of Internet information technology, people's needs have emerged in an endless stream. Nowadays, POS machines on the market are no longer just traditional credit card payment devices. Li Yan, CEO of Weizhi Panorama, once said publicly: "Single-function terminals will eventually be eliminated. Integrating various capabilities is the standard for future business intelligence terminals. The terminal is not only the source of data collection, but also the entrance of cloud services and business intelligence. Output port.

Many smart hardware companies have also developed many smart collection products based on the collection function. For example, Tianbo's TPS900 smart POS machine, in addition to basic payment functions such as card swiping, card insertion, and NFC, also supports verification methods such as QR code payment, fingerprint recognition, membership card, and ID card verification.

The intelligent terminal TPS900 supports ID card verification and funds are safer.

In addition to paying attention to the diversity and convenience of payment methods, we also need to pay attention to the security and delayed services behind mobile payment. For example, the intelligent cash register on the market can not only complete the collection and payment transaction, but also complete the functions of settlement, data collection and analysis, and account management.

The customer's reserve fund deposits paid by the payment institution to the People's Bank reached 220.235 billion yuan at the end of February this year, an increase of 121.36% from 99.49 billion yuan at the end of 2017. In the payment industry, after the National Financial Work Conference, within less than two months before and after the end of last year, the supervision has issued a series of policies to supervise the mobile payment market, which is unprecedentedly intensive. It is reported that, in addition to the limited QR code payment, this year will also implement measures such as "disconnected direct payment" for online payments, and the recovery of 0.6% of all preferential rates for people's livelihood. Nearly 250 payment institutions in China are going through the strictest, but also the most benign compliance cycle in history.

Mobile payment facilitates the consumption and transaction behavior of people and businesses, but it also has its shortcomings. In the future, mobile payments, POS and cash register payments will complement each other and jointly contribute to China's booming consumer market.

Brand introduction: Tianbo Smart Hardware focuses on building open smart hardware customized solutions. The products include handheld Android smart terminal series, desktop Android smart terminal series, and cabinet Android smart terminal series. Provide one-stop smart hardware customized solutions. There are successful cases in catering, tourism, hotels, logistics, retail, department stores and other industries.

Tag: Tianbo Smart Hardware Customization + 丨 TPS900 丨 Barcode Scanner 丨 Mobile Payment 丨 Smart POS Machine 丨 Smart Cash Register 丨 Barcode Scanning 丨 Restaurant Retail