1. Cashless transactions are a global trend. For cardholders, paying by swiping a card is not only convenient to carry, but the points accumulated by swiping the card can also be redeemed for rewards, increasing the sense of belonging. If you use a credit card to pay, you can spend first and then pay back.

2. After installing the POS terminal, the cash management risk of merchants is greatly reduced, and the workload of manual cash collection, counting, change, prevention of counterfeit bills, and cash storage is reduced, and the use of credit card payment is more hygienic and more environmentally friendly .

3. The POS machine can reduce the transaction cost at the counter, alleviate the suffering of customers in queuing and reduce the risk of customers' cash being robbed or stolen, avoid the embarrassment of service termination, break through time and space restrictions and collect money in different places. It can ensure that the transaction funds of enterprises and merchants can reach the account safely and quickly, thereby accelerating the return of funds.

4. The cost of POS machine is low, and it can reduce the loss caused by collecting counterfeit banknotes and failed checks.

5. Quick and correct collection. Subtract the trouble of manually opening a receipt every time you receive a sum of money, improve the cash register speed, and reduce the time for a single transaction to improve your operating efficiency.

6. Accurate checkout, prevent employee corruption and fraud, so that you do not lose money or goods; correct use of POS machines can strictly control the cash, goods, etc. in and out of your store, and eliminate your employees. Make false accounts during daily sales and inventory checks to protect your interests.

7. It is convenient for performance statistics and serves for management. The POS cash register system adopted by some financial institutions also integrates the function of the report center. Various types of reports can directly provide the decision-making basis for the franchisee owners, so as to make corresponding decisions for your next purchase and sales situation and store management in advance. s plan.

8. The use of POS machines to swipe cards for consumption breaks away from the traditional transaction category and dilutes the concept of consumers "spending money". Swiping card consumption can increase consumers' consumption impulse, which is of great benefit to increasing the business's turnover.

9. Adopt non-cash payment tools, which can be accurately measured and transferred in a timely manner as small as a cent, which fundamentally solves the problem of zero bills.

Dynamicode Co., Ltd provides a wealth of POS terminal products, and can customize Classic POS terminals, smart POS terminals, QR code-based payment devices and smart self-service devices according to customer needs.

1. Cashless transactions effectively reduce the manpower needed to handle cash in business, including the cost and resources of making, transporting, and detecting cash banknotes or coins;

2. A cashless society will also reduce the spread of diseases. Cash banknotes are the medium for the transmission of many microorganisms and bacteria;

3. Cashless transactions will eliminate crimes against cash, such as robbery;

4. "Cashless society" eliminates counterfeit money

5. A cashless society can effectively improve the transparency of financial transactions and curb the possible illegal and criminal activities caused by the use of cash. Europol believes that large amounts of cash are closely related to crimes such as money laundering and terrorist activities.

6. Improve the effectiveness of the central bank's monetary policy. For example, according to relevant data, since 2015, the currency in circulation in Nigeria has more than doubled, but 84% of the currency is free from the banking system. This trend can easily lead to monetary policy failure. After de-cashization, cash in circulation will be converted into bank deposits, and the central bank can better regulate liquidity and credit through interest rate policies; at the same time, the increase in money supply is conducive to the decline in market interest rates and credit expansion, and promotes economic development.

7. Promote inclusive finance: popularizing cashless transactions will increase government revenue due to reduced criminal activities and tax evasion, and the government can use part of the revenue to subsidize the poor so that they can enter the banking system; or provide subsidies to banks so that Banks try to bring the poor into the banking system.