Press Releases from JusTransact (6 total)
Millennium Soft-Tech launches all-in-one Android POS for Retailers
Chennai, July 21, 2018: Millennium Soft-Tech India, a pioneer in delivering innovative Point of Sale (POS) technology products and solutions to the fast-growing retail Industry in India, today launched an array of powerful Android billing solutions under MAGICBOX brand series for retail establishments who can now experience ease of doing business while achieving supreme customer engagement.
Millennium offers four variants of MagicBox to retail businesses - MagicBox Mobile POS and desk…
Cash or card! Global Retailers Linger on Paper Over Plastic
Retail businesses, irrespective of size, accept payments through multiple modes (cash, card, mobile, internet banking, wallet, etc) but still many of them prefer cash over card to avoid regulatory complexities and hence devoid customers of their shopping rights and experience.
According to a survey by TD Bank recently, globally 70 per cent of SMEs prefer cash and cheques over card or online transactions. Though difficult to handle, cash still rules in…
Indian Retailers Hope to have more Sops in Union Budget 2018
India’s fast growing Retail sector has been facing unprecedented situation ever since the government made two major initiatives - demonetization of higher order currencies and introduction of Goods and Services Tax. While the former was intended to promote digital transactions and make India a cash-free economy, the later was to introduce centralized tax regime, both had bearings on the retail sector.
As impacts of varied degrees are still…
Indian Retail Industry Poised for Big Growth Post MDR Withdrawal
Chennai, December 27, 2017: Come January 2018, retailers can rejoice as they don’t need to pay Merchant Discount Rate (MDR) charges to banks for every debit card payment they receive.
The government’s recent decision to abolish MDR for small and medium retail merchants over the digital transactions through debit card up to Rs 2000 has come as a welcome relief for thousands of retail businesses across the country as they were…
High GST on POS will Discourage Digitalization Efforts: Millennium CEO
Ever since the government introduced the ‘historic’ Goods and Services Tax regime from July 2017, there have been announcements for revision of rates for several items by the GST council owing to pressure from public, traders and political spectrum.
However, there are certain items which are still in the bracket of 18 per cent and 28 per cent, which, according to experts, will do no good for the government’s…
JusTransact Unveils First Online ‘Bazaar’ for POS Sector
After the successful launch of India’s first e-commerce portal for Point of Sale (POS) technology - JusTransact.com, Millennium Group today added yet another ‘first’ to its credit by launching country’s only online B2B market place for POS brands and resellers who can come together to do business simultaneously.
Aimed at cutting the huge supply chain loss incurred by thousands of hardware and software POS vendors and increase sales volume for Brands,…
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