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Retail Business: 4 Roles of a POS System

June 14, 2022 | 198 views

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Alice POS offers a multitude of advantageous features for retail merchants. These can lead to concrete improvements in store, which can be felt in time gained or even in increased revenue. In this article, we will explore the ways Alice POS can help you do that.


We will section off this article into 4 roles to give you a clear overview of the features:

  • Sales: Optimize Your In-Store Sales
  • Control: Completely Track your Store
  • Growth: Expand your Business
  • Multi-Store: Manage your Franchise Efficiently

Alice POS is a cloud-based point of sale system designed for store networks such as franchises, purchasing groups, and corporate networks. Alice is also an excellent starting point for individual stores looking to gradually scale their operations for future expansion. Alice POS was developed to help increase business revenue while also diminishing the workload of operations.

Spotlight

Alibaba Group

We provide the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers. Our businesses are comprised of core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. Through investee affiliates, we also participate in the logistics and local services sectors.

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POS SOLUTIONS

How POS Solutions Assist Restaurants to Increase their ROI?

Article | March 24, 2022

Introduction The hospitality industry has always been challenging and full of obstacles, such as low-profit margins, high competition, and turnover management, irrespective of the type of restaurant or level of owner experience. However, rapidly changing business dynamics and current conditions have increased these challenges enormously. Changing customer preferences, including high customer service expectations and an emphasis on the sourcing of ingredients and nutrition values, affect the entire operation. Also, the growing importance of reviews and word-of-mouth referrals makes brand management both more crucial and complex. Thus, several restaurant owners are increasingly investing in innovative solutions, such as restaurant POS systems, to improve the consumer experience, empower business owners to manage restaurant operations more efficiently, and increase ROI. Top 5 Ways How Restaurant POS Integration Can Boost ROI Due to the fast-paced nature of the restaurant sector, coupled with ever-changing customer needs, business owners encounter numerous challenges in keeping up with the changes and meeting customer expectations while maintaining perfect control over all aspects of their operations. As restaurant POS systems provide solutions for these challenges while also improving workplace efficiency, automating several tasks, monitoring employee performance, and enhancing security, these systems are gaining massive popularity in the hospitality industry. Out of all the new features that restaurants can get from POS integrations, such as delivery management, accounting, and more, these are the most important ones that help owners get the best return on their investment: Create Data-driven Campaigns Modern POS solutions enable restaurant owners to collect valuable data about their customers, such as their preferred food choices, their addresses, how often they visit the establishment, and others. These actionable insights can be used to create personalized campaigns, increasing their chances of responding to a customized offer and improving ROI. Support Omnichannel Communications and Payments With the advent of e-commerce, food can now be ordered and paid for via multiple channels, including the restaurant's website, third-party applications, the phone, and others. Therefore, it has become essential for restaurant owners to increase contact with their customers. Integrating a restaurant POS system enables owners to facilitate omnichannel communication and payments and discover the optimal way to communicate with consumers, thereby increasing food order flow from both offline and online channels. Improves Customer Relationship As the restaurant sector continues to become more competitive year by year, it is becoming crucial for restaurant owners to improve their relationships with customers. With restaurant POS systems, customers can make the payment using their preferred methods, such as cash, credit or debit card, QR code, UPI, and others. These systems also reduce the time for placing food orders as well as decline the chances of order misplacement. This results in providing better customer service, improving customer relationships, and increasing customer inflow. Streamline Restaurant Operations From front-of-house to back-of-house operations, modern POS technology assists restaurant owners in streamlining various business operations such as inventory control, labor management, payment getaways, and order tracking and delivery, among others. Thereby reducing the overall cost, declining the chances of errors, and improving profit margins. Final Thought Today, POS technology is clearly a necessity for the hospitality industry, irrespective of the type of establishment, such as fine dining, fast food, cloud kitchen, hotels, and others, to enhance restaurant operations, provide a smoother customer experience, and improve ROI. With the introduction of customizable POS solutions and a growing shift towards cashless payments, modern restaurant POS systems are anticipated to transform the ways of food ordering and payment in the forthcoming years.

Read More
POS SOLUTIONS

Top 5 Reasons Why Modern Restaurant Needs Integrated POS Solutions

Article | March 22, 2022

Introduction Due to the dynamic nature of the industry and the ever-evolving demands of its customers, restaurant business owners are facing a unique set of challenges. This is compelling them to streamline their operations to meet customers' rising expectations while maintaining perfect control over all aspects of their establishment. In addition, emerging innovative technology solutions are rapidly changing the world of payment systems, and the restaurant industry is the best example of it. Today, opening a restaurant is more than just serving food and making money. It is about providing a memorable experience to the customers and retaining them. As a robust restaurant point-of-sale (POS) solution assist in delivering a better customer experience, pacing up the ordering process, and managing inventory, among others, it is gaining huge popularity in the sector. Why Does Restaurant Need to Invest in Modern POS Systems Today? As the trends of online food ordering at dine-in and competition in the hospitality industry continue to deepen, it is becoming imperative for restaurant owners to efficiently manage the point of sale for their eatery. Also, the growing need for faster customer food service, efficient employee scheduling, and effective inventory management is encouraging business owners to adopt innovative restaurant technologies, such as restaurant POS systems. Here are some of the main reasons restaurants should integrate modern POS solutions. Effective Ordering Processes The ordering process, being the nerve center for restaurants, is one such aspect that needs serious attention. As food ordering processes that take a long time can significantly hamper the customer experience and satisfaction, owners of food establishments are aiming at leveraging novel restaurant POS systems to streamline and ease the food ordering processes. Increase Cash Flow Optimum cash flow is the backbone of any business. If restaurants are unable to maintain enough cash flow, they will have difficulties staying in business in the long run. Since restaurants are able to serve more customers per hour with fast-paced POS technology, allowing for greater sales and increased cash flow, business owners are aiming to deploy these modern POS solutions. Organize and Track Profit and Loss Keeping an accurate track of the income and expenses is of great importance for understanding the financial position of the eatery and creating an effective strategy to increase its revenue. A POS system can assist business owners in preparing a settlement at the end of each day, week, and month, keeping track of the ROI, and organizing profit and loss. Offer Security to Customers Customers or guests are increasingly using various cashless modes for transactions, such as credit cards, online banking, and others, for making payments. With increasing instances of customer data theft, guests are increasingly concerned about their data privacy and payment credentials. Hence, several food establishments are emphasizing embracing restaurant POS software to offer enhanced security to customers. Build Customer Database In today's highly competitive world, engaging and retaining customers is crucial for the success of businesses, especially in the restaurant industry. As the latest POS solutions aid restaurants in enhancing customer communications and loyalty, along with improving customer relationship management by building a customer database, these solutions are increasingly being sought in the sector. The Ending Thought With the emergence of innovative trends in the hospitality industry and the ever-changing needs of customers, it is becoming difficult for restaurant owners to keep the customers happy and build credibility in the long run. Since modern restaurant POS systems with advanced integrated technologies, such as artificial intelligence, can assist these restaurants in overcoming these obstacles along with providing numerous advantages, including cost reduction and increased ROI, these systems are anticipated to become a necessity for restaurants in the coming years.

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POS SOLUTIONS

Cashless Restaurants: A New Frontier in Hospitality Industry

Article | June 1, 2022

Introduction The restaurant sector is facing constant transformation with the emergence of new hospitality industry trends and technologies, along with numerous challenges. Even with the roadblocks, the industry continues to grow at a staggering rate. According to the National Restaurant Association, the size of the restaurant industry in the U.S. is anticipated to increase from US$799 billion in 2021 to US$899 billion in 2022. From fast food to fine dining, food delivery to contactless tech, well-known restaurateurs are investing in new technologies to build meaningful relationships with their staff and customers, improve the customer experience, and meet changing expectations of guests. The hospitality industry is seeing the emergence of a new cashless restaurant trend as a result of the widespread adoption of advanced contactless POS technologies and rapid digital transformation. Furthermore, restaurants are moving away from accepting cash payments since more and more customers are embracing contactless payment alternatives like credit cards, UPI, and QR codes. What Are the Features Driving the Cashless Restaurant Trend? Dine-in establishments, such as restaurants, bars, and cafes, have become increasingly popular among the population today, leading to longer wait times for orders, slower service, and more difficulty processing cash payments. Furthermore, increasing hygiene concerns and rising incidences of internal theft across food spaces are deepening the cashless restaurant trend in the hospitality industry. Let’s see some of the attractive features further encouraging restaurants to go cashless: Convenient for Guests As digital currencies are paving the way of payment, guests are increasingly looking forward to visiting locations where they can make the payment swiftly without the need to carry physical money. Cashless restaurants make it easy for guests to pay with their mode of choice: credit or debit cards, net banking, payment gateways, QR code scanning, and others, offering the convenience customers and guests are looking for. Reduces Risk of Internal Theft One of the significant problems that the majority of restaurants face is theft, which negatively impacts both profits and expansion opportunities. Theft has been commonplace in the eatery, especially when employees, rather than the owner, are in charge of the cash register. The National Restaurant Association estimates that staff theft costs quick-service restaurants between 5% and 7% of their revenue. However, a cashless restaurant operates entirely on the latest POS solutions and only accepts digital currency, eliminating the possibility of internal theft. Reduces Wait and Transaction Time Transaction time is one of the crucial aspects that can impact the customer experience, especially across quick service restaurants. Difficulty completing a transaction due to lack of change and related issues can result in lengthening the wait time and creating a hassle. The adoption of electronic POS solutions by cashless restaurants resolves this issue, reducing the potential for such incidents to occur. This assists in speeding up the transaction process and decreasing wait times. Increase ROI Cashless eateries with their modern restaurant POS solutions enable owners to track and record every digital payment transaction made by guests, providing essential data on who buys what and when. This opens up a new window for eating establishments to gain insight into their patrons' tastes and tailor their services accordingly, resulting in increasing footfall in the restaurant and an accelerating return on investment. Modern POS Solutions: The Future Need of Cashless Restaurants With the rise in the use of digital currencies and electronic payment solutions, food establishments are increasingly investing in deploying cashless restaurant POS systems to improve the customer experience while boosting their ROI. As per a survey, 94% of restaurants stated that they have invested in cashless payment solutions. As the trend of cashless restaurants continues to gain popularity across the hospitality industry, food establishments accepting only cash are looking for ways to go cashless. This is anticipated to create a massive demand for modern restaurant POS software in the upcoming years.

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Retail ,Wholesale Trade,Ecommerce,Retail,E-commerce,point of sale.

Article | February 10, 2020

Last July, a small group representing the giants of the tech industry gathered in the seat of US government, Washington DC. They probably didn’t want to be there. Congress had summoned their employers Apple, Facebook, Google, and Amazon to answer questions about the command they hold over the markets they operate in. On Amazon’s behalf, associate general counsel Nate Sutton spoke in defense of his employer’s role in US retail. Throughout, he argued that Amazon isn’t so powerful as to be able to control prices and stifle competition. Amazon, he pointed out, makes up less than 1% of retail globally. In the US, it accounts for around 4% of retail. In fact, Walmart is much larger than Amazon, he said. In terms of sales, Sutton is right. Walmart reported $510 billion in total sales across its US and international segments in the 2019 fiscal year, versus Amazon’s $233 billion in roughly the same period.

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POS SOLUTIONS

Global Gateway Processing

Article | March 24, 2022

Introduction The hospitality industry has always been challenging and full of obstacles, such as low-profit margins, high competition, and turnover management, irrespective of the type of restaurant or level of owner experience. However, rapidly changing business dynamics and current conditions have increased these challenges enormously. Changing customer preferences, including high customer service expectations and an emphasis on the sourcing of ingredients and nutrition values, affect the entire operation. Also, the growing importance of reviews and word-of-mouth referrals makes brand management both more crucial and complex. Thus, several restaurant owners are increasingly investing in innovative solutions, such as restaurant POS systems, to improve the consumer experience, empower business owners to manage restaurant operations more efficiently, and increase ROI. Top 5 Ways How Restaurant POS Integration Can Boost ROI Due to the fast-paced nature of the restaurant sector, coupled with ever-changing customer needs, business owners encounter numerous challenges in keeping up with the changes and meeting customer expectations while maintaining perfect control over all aspects of their operations. As restaurant POS systems provide solutions for these challenges while also improving workplace efficiency, automating several tasks, monitoring employee performance, and enhancing security, these systems are gaining massive popularity in the hospitality industry. Out of all the new features that restaurants can get from POS integrations, such as delivery management, accounting, and more, these are the most important ones that help owners get the best return on their investment: Create Data-driven Campaigns Modern POS solutions enable restaurant owners to collect valuable data about their customers, such as their preferred food choices, their addresses, how often they visit the establishment, and others. These actionable insights can be used to create personalized campaigns, increasing their chances of responding to a customized offer and improving ROI. Support Omnichannel Communications and Payments With the advent of e-commerce, food can now be ordered and paid for via multiple channels, including the restaurant's website, third-party applications, the phone, and others. Therefore, it has become essential for restaurant owners to increase contact with their customers. Integrating a restaurant POS system enables owners to facilitate omnichannel communication and payments and discover the optimal way to communicate with consumers, thereby increasing food order flow from both offline and online channels. Improves Customer Relationship As the restaurant sector continues to become more competitive year by year, it is becoming crucial for restaurant owners to improve their relationships with customers. With restaurant POS systems, customers can make the payment using their preferred methods, such as cash, credit or debit card, QR code, UPI, and others. These systems also reduce the time for placing food orders as well as decline the chances of order misplacement. This results in providing better customer service, improving customer relationships, and increasing customer inflow. Streamline Restaurant Operations From front-of-house to back-of-house operations, modern POS technology assists restaurant owners in streamlining various business operations such as inventory control, labor management, payment getaways, and order tracking and delivery, among others. Thereby reducing the overall cost, declining the chances of errors, and improving profit margins. Final Thought Today, POS technology is clearly a necessity for the hospitality industry, irrespective of the type of establishment, such as fine dining, fast food, cloud kitchen, hotels, and others, to enhance restaurant operations, provide a smoother customer experience, and improve ROI. With the introduction of customizable POS solutions and a growing shift towards cashless payments, modern restaurant POS systems are anticipated to transform the ways of food ordering and payment in the forthcoming years.

Read More
POS SOLUTIONS

7 Tips on How to Choose a POS System

Article | March 22, 2022

Introduction Due to the dynamic nature of the industry and the ever-evolving demands of its customers, restaurant business owners are facing a unique set of challenges. This is compelling them to streamline their operations to meet customers' rising expectations while maintaining perfect control over all aspects of their establishment. In addition, emerging innovative technology solutions are rapidly changing the world of payment systems, and the restaurant industry is the best example of it. Today, opening a restaurant is more than just serving food and making money. It is about providing a memorable experience to the customers and retaining them. As a robust restaurant point-of-sale (POS) solution assist in delivering a better customer experience, pacing up the ordering process, and managing inventory, among others, it is gaining huge popularity in the sector. Why Does Restaurant Need to Invest in Modern POS Systems Today? As the trends of online food ordering at dine-in and competition in the hospitality industry continue to deepen, it is becoming imperative for restaurant owners to efficiently manage the point of sale for their eatery. Also, the growing need for faster customer food service, efficient employee scheduling, and effective inventory management is encouraging business owners to adopt innovative restaurant technologies, such as restaurant POS systems. Here are some of the main reasons restaurants should integrate modern POS solutions. Effective Ordering Processes The ordering process, being the nerve center for restaurants, is one such aspect that needs serious attention. As food ordering processes that take a long time can significantly hamper the customer experience and satisfaction, owners of food establishments are aiming at leveraging novel restaurant POS systems to streamline and ease the food ordering processes. Increase Cash Flow Optimum cash flow is the backbone of any business. If restaurants are unable to maintain enough cash flow, they will have difficulties staying in business in the long run. Since restaurants are able to serve more customers per hour with fast-paced POS technology, allowing for greater sales and increased cash flow, business owners are aiming to deploy these modern POS solutions. Organize and Track Profit and Loss Keeping an accurate track of the income and expenses is of great importance for understanding the financial position of the eatery and creating an effective strategy to increase its revenue. A POS system can assist business owners in preparing a settlement at the end of each day, week, and month, keeping track of the ROI, and organizing profit and loss. Offer Security to Customers Customers or guests are increasingly using various cashless modes for transactions, such as credit cards, online banking, and others, for making payments. With increasing instances of customer data theft, guests are increasingly concerned about their data privacy and payment credentials. Hence, several food establishments are emphasizing embracing restaurant POS software to offer enhanced security to customers. Build Customer Database In today's highly competitive world, engaging and retaining customers is crucial for the success of businesses, especially in the restaurant industry. As the latest POS solutions aid restaurants in enhancing customer communications and loyalty, along with improving customer relationship management by building a customer database, these solutions are increasingly being sought in the sector. The Ending Thought With the emergence of innovative trends in the hospitality industry and the ever-changing needs of customers, it is becoming difficult for restaurant owners to keep the customers happy and build credibility in the long run. Since modern restaurant POS systems with advanced integrated technologies, such as artificial intelligence, can assist these restaurants in overcoming these obstacles along with providing numerous advantages, including cost reduction and increased ROI, these systems are anticipated to become a necessity for restaurants in the coming years.

Read More
POS SOLUTIONS

Digital Payments – Preferred Way To Exchange Money

Article | June 1, 2022

Introduction The restaurant sector is facing constant transformation with the emergence of new hospitality industry trends and technologies, along with numerous challenges. Even with the roadblocks, the industry continues to grow at a staggering rate. According to the National Restaurant Association, the size of the restaurant industry in the U.S. is anticipated to increase from US$799 billion in 2021 to US$899 billion in 2022. From fast food to fine dining, food delivery to contactless tech, well-known restaurateurs are investing in new technologies to build meaningful relationships with their staff and customers, improve the customer experience, and meet changing expectations of guests. The hospitality industry is seeing the emergence of a new cashless restaurant trend as a result of the widespread adoption of advanced contactless POS technologies and rapid digital transformation. Furthermore, restaurants are moving away from accepting cash payments since more and more customers are embracing contactless payment alternatives like credit cards, UPI, and QR codes. What Are the Features Driving the Cashless Restaurant Trend? Dine-in establishments, such as restaurants, bars, and cafes, have become increasingly popular among the population today, leading to longer wait times for orders, slower service, and more difficulty processing cash payments. Furthermore, increasing hygiene concerns and rising incidences of internal theft across food spaces are deepening the cashless restaurant trend in the hospitality industry. Let’s see some of the attractive features further encouraging restaurants to go cashless: Convenient for Guests As digital currencies are paving the way of payment, guests are increasingly looking forward to visiting locations where they can make the payment swiftly without the need to carry physical money. Cashless restaurants make it easy for guests to pay with their mode of choice: credit or debit cards, net banking, payment gateways, QR code scanning, and others, offering the convenience customers and guests are looking for. Reduces Risk of Internal Theft One of the significant problems that the majority of restaurants face is theft, which negatively impacts both profits and expansion opportunities. Theft has been commonplace in the eatery, especially when employees, rather than the owner, are in charge of the cash register. The National Restaurant Association estimates that staff theft costs quick-service restaurants between 5% and 7% of their revenue. However, a cashless restaurant operates entirely on the latest POS solutions and only accepts digital currency, eliminating the possibility of internal theft. Reduces Wait and Transaction Time Transaction time is one of the crucial aspects that can impact the customer experience, especially across quick service restaurants. Difficulty completing a transaction due to lack of change and related issues can result in lengthening the wait time and creating a hassle. The adoption of electronic POS solutions by cashless restaurants resolves this issue, reducing the potential for such incidents to occur. This assists in speeding up the transaction process and decreasing wait times. Increase ROI Cashless eateries with their modern restaurant POS solutions enable owners to track and record every digital payment transaction made by guests, providing essential data on who buys what and when. This opens up a new window for eating establishments to gain insight into their patrons' tastes and tailor their services accordingly, resulting in increasing footfall in the restaurant and an accelerating return on investment. Modern POS Solutions: The Future Need of Cashless Restaurants With the rise in the use of digital currencies and electronic payment solutions, food establishments are increasingly investing in deploying cashless restaurant POS systems to improve the customer experience while boosting their ROI. As per a survey, 94% of restaurants stated that they have invested in cashless payment solutions. As the trend of cashless restaurants continues to gain popularity across the hospitality industry, food establishments accepting only cash are looking for ways to go cashless. This is anticipated to create a massive demand for modern restaurant POS software in the upcoming years.

Read More

Retail ,Wholesale Trade,Ecommerce,Retail,E-commerce,point of sale.

Article | February 10, 2020

Last July, a small group representing the giants of the tech industry gathered in the seat of US government, Washington DC. They probably didn’t want to be there. Congress had summoned their employers Apple, Facebook, Google, and Amazon to answer questions about the command they hold over the markets they operate in. On Amazon’s behalf, associate general counsel Nate Sutton spoke in defense of his employer’s role in US retail. Throughout, he argued that Amazon isn’t so powerful as to be able to control prices and stifle competition. Amazon, he pointed out, makes up less than 1% of retail globally. In the US, it accounts for around 4% of retail. In fact, Walmart is much larger than Amazon, he said. In terms of sales, Sutton is right. Walmart reported $510 billion in total sales across its US and international segments in the 2019 fiscal year, versus Amazon’s $233 billion in roughly the same period.

Read More
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Spotlight

Alibaba Group

We provide the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers. Our businesses are comprised of core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. Through investee affiliates, we also participate in the logistics and local services sectors.

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POS RETAIL

2C2P and Pine Labs to Expand Buy Now Pay Later Acceptance in Southeast Asia

2C2P | December 01, 2022

2C2P, a global payments platform and leading merchant commerce omnichannel platform Pine Labs have partnered to expand Buy Now Pay Later (BNPL) across Asia in six key markets, namely Singapore, Malaysia, Hong Kong, Indonesia, the Philippines and Thailand. Unlike other BNPL offerings, Pine Labs works with issuing banks to enable cardholders of participating issuing banks to purchase items with multiple and longer instalment tenures, without having to download any mobile application or subscribe to any additional e-wallet or payment services. Cardholders will be able to make instant instalment payments at checkout up to their pre-approved credit limit with no interest charge. This partnership is expected to boost consumer confidence in the region and empower retail merchants to sell more and sell often to their customers. Pine Labs' BNPL strategy has a strong track record in India and has now expanded into various Southeast Asian markets. Since its launch in Singapore, Pine Labs Pay Later has emerged as a flexible payment option for merchants across a variety of verticals, including retail and tech, counting the likes of Eu Yan Sang, Samsung, OPPO, and more as its clients. "We are delighted with the rapid strides we are taking in Southeast Asia when it comes to expanding our Buy Now Pay Later proposition. In this respect, we are excited to announce today our partnership with leading payments player 2C2P. With more young shoppers preferring digital modes of payments, we believe our BNPL offering will hit the right chord with the discretionary consumer of today and help merchants in the region drive sales, especially of big-ticket items, and contribute to a positive customer experience," Dheeraj Chowdhry, Chief Business Officer & Head - Pay Later, Southeast Asia, Pine Labs. BNPL solutions have emerged as an essential capability for card issuers and merchants across the globe. In doing so, by partnering with Pine Labs, we are excited to aggregate customer demand and increase retailers' cross-sell opportunities. If shoppers prefer a BNPL fintech solution, we are here and enabling it; if they want an option from their banks, we're offering those too. At 2C2P, we are always looking for new ways to support our merchants' growth and enhance the payment experience by offering all types of payment options. With the shift in demand for digital payments and the appeal of interest-free payments, BNPL is an effective tool to expand sales and attract younger tech-savvy customers," said Agnes Chua, Executive Director of Business and Product Development of 2C2P. Unlike other BNPL offerings, customers now have more flexible payment options to consider when making larger purchases. This aids customers to better plan and manage their spending, especially when moving into a new home," said Andrew Kang, Head of eCommerce in Samsung. Winston Tan, Head of Sales from OPPO said, "Having Pine Labs as a payment option enables us to give our customers more flexibility in how they pay for their purchases. We believe the option will make it easier and more attractive for price-sensitive customers to afford large ticket items and help with cash flow management and budgeting.Integrating the BNPL platform into our payment system has been seamless. Since implementing the program, our stores have seen incremental customer engagement and good satisfaction," said Rachel Cheng, Managing Director of Eu Yan Sang Singapore. According to an IDC report commissioned by 2C2P, BNPL spending is expected to expand by $9.8billion in 2026, a 3.5x increase from 2021. In addition, retail sales in Singapore grew by 11.2% year on year in September 2022, marking the seventh straight month of increase in retail trade this year. Amidst the positive outlook for retail trade, the ease of instalment purchase offerings at the offline point of sale will encourage the continued growth of the retail industry amidst post-COVID-19 disruptions. About Pine Labs Pine Labs is a leading merchant commerce omnichannel platform operating across India and Southeast Asia. Pine Labs' tech-first approach to digital payments and focus on simplification at the front end aims to help many businesses embrace fintech products at scale. In digital payments, our online payments cloud-based software Plural represents a one-stop payments destination across channels. Plural is designed to deliver secure and frictionless online payment experiences to the end user, powered by an advanced tech stack that can augment an existing online business or build an all-new e-commerce payment setup from the ground up. In issuing, Qwikcilver serves leading corporates, Fast-Moving Consumer Goods (FMCG) brands, e-commerce companies, the Banking, Financial Services and Insurance (BFSI) sector and the airline industry, with a presence across India, the Middle East, Southeast Asia and Australia. Qwikcilver is a go-to gift card provider among companies looking to, among other things, bolster their employee rewards program and issue closed-loop gift cards for customer acquisition. In consumer app, Fave is a fintech platform for the next generation of consumers, providing smart payments and savings, while empowering merchants with a loyalty solution to grow and engage with their customers in a whole new way. Incorporated in Singapore, the key investors of Pine Labs include Sequoia India, Actis Capital, Temasek, PayPal and Mastercard. About 2C2 2C2P is a full-suite payments platform helping the world's leading enterprises securely accept and make payments through one point of integration. Its far-reaching network extends across online, mobile and offline channels including over 400,000 alternative payment locations, enabling enterprises to reach their customers or recipients anywhere. 2C2P also provides value-added services such as issuing, 3D Secure, bill payments and digital goods to meet every business need. The company is headquartered in Singapore and operates globally. It is the preferred payments platform of tech giants, online marketplaces, retailers and other global enterprises.

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POS SOLUTIONS

eTailPet Launches Point-of-Sale Platform in Canada, Offering All-in-One Solution to Help Pet Retailers Thrive in the Growing Canadian Pet Market

eTailPet | November 30, 2022

eTailPet, the only all-in-one, multi-channel, cloud-based point-of-sale (POS) software solution created specifically for independent pet retail businesses, announced today that it is expanding its support of pet businesses in North America with the launch of its POS solution in Canada. According to a recent survey, pet ownership in Canada increased by 18% since 2019, with approximately 3% of Canadians who didn't have a pet before the pandemic since adding one to their household. This increase in pet ownership contributed to an increase of 117% in overall consumer spend in the pets category during COVID, with the current Canadian pet market (including food, supplies and services) worth US$7 billion. eTailPet offers a true end-to-end solution that supports retail pet business operations with real-time visibility and control over in-store and online sales, inventory, customer communications, and marketing. Through these offerings, pet retailers can streamline operations, increase business, boost profitability, and thrive in the rapidly growing digital marketplace. As one of Canada's leading pet specialty distributors, working with hundreds of independent pet retailers across the country, I've discovered that eTailPet has everything you need to manage your business anytime, anywhere, and includes all of the features and functionalities that will help you meet the demands of your customers – from inventory to customer communications. The platform's all-in-one functionality will help you to increase revenue and remain competitive in the growing Canadian pet industry," said Phil Klaassen, CEO, Pan Pacific Pet. "The growing Canadian pet market has accelerated the demand for easy-to-use, omnichannel POS solutions among indie pet businesses who want to streamline operations, maximize profits and appeal to the current generation of pet owners,Our all-in-one platform helps independent pet businesses remain competitive against the big box companies. Its easy-to-use design and comprehensive functionality, including the most advanced POS inventory management system, the biggest online pet catalog database, and full Astro Loyalty integration was created specifically to address the needs of independent pet retailers." Bere Giannini, founder of eTailPet. eTailPet combines deep expertise in the pet industry with modern technology to deliver a seamless experience for both the independent pet retailer and their customers. The eTailPet solution provides: A robust, but easy to use POS system, with automatic in-store and online inventory synchronization, payment processing, smart ordering, and vendor credit management; A total ecommerce solution for independent pet retailers, featuring a turnkey website builder, real-time inventory management, built-in sales data, loyalty program integration and more; Online booking for pet services with powerful, customizable tools; and Robust digital marketing tools About eTailPet eTailPet empowers independent pet businesses with robust software solutions to compete in the growing digital marketplace. The all-in-one POS platform is the only full-service solution created for pet businesses by a pet business owner.

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POS RETAIL

CULT & RAIN Launches its Metaverse Shopping & E-Commerce Platform

CULT&RAIN Inc. | December 02, 2022

CULT&RAIN is dropping a new CORE COLLECTION of 250 limited edition physical sneakers based on the most popular styles from their GENESIS collection. For the first time, customers will be able to order TITAN in colorway black & white (priced at USD $1195), VEGA in colorway all black (priced at USD $995) and ATLAS in colorway all white (priced at USD $1095). Every sneaker will ship with CULT&RAIN's radical HEX BOX packaging - see images attached. All GENESIS & DROP001 NFT collection holders will exclusively receive 25% off their first sneaker purchase, as part of their utility for being an early collector of CULT&RAIN. We've had hundreds of requests for our GENESIS collection, and I'm thrilled to finally offer the public our luxurious CORE collection, made in Italy at one of the best sneaker factories in the world, who also produces for top luxury fashion houses within the preeminent luxury conglomerates. CULT&RAIN is a luxury-infused fashion brand born from Web3. Following the successful launch of their CULTR WORLD experience in July 2022, the brand forges into the future by creating a first-of-its-kind Metaverse shopping experience, where customers can purchase physical goods & digital collections inside CULTR SHOP, a dedicated area within their CULTR WORLD metaverse. CULTR WORLD is a web browser & mobile-first based Metaverse experience, which is simple and easy to access. Users enter CULTR WORLD via a direct link inside cultandrain.com, select a uniquely designed avatar and can enter CULTR SHOP. Inside the virtual store, users can purchase CORE COLLECTION 'physical' sneakers and NFTs from CULT&RAIN's GENESIS and DROP 001 collections. CULT&RAIN customers will be one of the very first ever to purchase physical goods &, most importantly, check out from inside CULTR SHOP. This radical, intuitive experience demonstrates CULT&RAIN's incredible innovation pipeline. "We believe the future of shopping lies within social & Metaverse commerce. For our seasoned collectors and curious Web3 users, the CULTR SHOP experience provides a radical yet intuitive shopping UX. We are pushing boundaries of a virtual social shopping experience, yet very easy to use & transact," George Yang, founder of CULT&RAIN. In addition to the sneakers, collectors can purchase additional GENESIS and DROP 001 NFT's from the OpenSea marketplace inside CULTR SHOP. For those who prefer a more traditional shopping experience, CULT&RAIN is also launching a conventional e-commerce platform for users to purchase the CORE COLLECTION. This modern, clean, and intuitive experience will allow users to transact seamlessly on cultandrain.com. To celebrate the launch, CULT&RAIN will host a Metaverse party inside CULTR WORLD with all their collaborative partners & communities to celebrate receiving the physical sneakers from GENESIS and the Varsity Jackets from DROP 001. The party will feature a live DJ set from Meta true born musician and 3D avatar TEFLON SEGA (@teflonsega) streaming into CULTR WORLD for the first time. Teflon Sega is signed to EMPIRE Records and has amassed 19m plays on Spotify and 15m plays on YouTube. During the event, CULT&RAIN will airdrop attendees a radical CULTR avatar skin by claiming a POAP, compatible with DECENTRALAND, as well as a site upgrade to be compatible with a VR experience and READY PLAYER ME avatars, to further enhance the experience. ABOUT CULT&RAIN The first luxury fashion brand born from the crypto universe, merging radical NFTs with exclusive physical redeemables. Join our Web3 revolution. Our founder, George Yang is an accomplished fashion creative director with over 20 years of experience across New York, Milan, and Paris; leading international design studios within the luxury & premium fashion industry. He has designed for renowned fashion houses around the globe including Theory, Costume National, Guy Laroche, and Cerruti Paris.

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POS RETAIL

2C2P and Pine Labs to Expand Buy Now Pay Later Acceptance in Southeast Asia

2C2P | December 01, 2022

2C2P, a global payments platform and leading merchant commerce omnichannel platform Pine Labs have partnered to expand Buy Now Pay Later (BNPL) across Asia in six key markets, namely Singapore, Malaysia, Hong Kong, Indonesia, the Philippines and Thailand. Unlike other BNPL offerings, Pine Labs works with issuing banks to enable cardholders of participating issuing banks to purchase items with multiple and longer instalment tenures, without having to download any mobile application or subscribe to any additional e-wallet or payment services. Cardholders will be able to make instant instalment payments at checkout up to their pre-approved credit limit with no interest charge. This partnership is expected to boost consumer confidence in the region and empower retail merchants to sell more and sell often to their customers. Pine Labs' BNPL strategy has a strong track record in India and has now expanded into various Southeast Asian markets. Since its launch in Singapore, Pine Labs Pay Later has emerged as a flexible payment option for merchants across a variety of verticals, including retail and tech, counting the likes of Eu Yan Sang, Samsung, OPPO, and more as its clients. "We are delighted with the rapid strides we are taking in Southeast Asia when it comes to expanding our Buy Now Pay Later proposition. In this respect, we are excited to announce today our partnership with leading payments player 2C2P. With more young shoppers preferring digital modes of payments, we believe our BNPL offering will hit the right chord with the discretionary consumer of today and help merchants in the region drive sales, especially of big-ticket items, and contribute to a positive customer experience," Dheeraj Chowdhry, Chief Business Officer & Head - Pay Later, Southeast Asia, Pine Labs. BNPL solutions have emerged as an essential capability for card issuers and merchants across the globe. In doing so, by partnering with Pine Labs, we are excited to aggregate customer demand and increase retailers' cross-sell opportunities. If shoppers prefer a BNPL fintech solution, we are here and enabling it; if they want an option from their banks, we're offering those too. At 2C2P, we are always looking for new ways to support our merchants' growth and enhance the payment experience by offering all types of payment options. With the shift in demand for digital payments and the appeal of interest-free payments, BNPL is an effective tool to expand sales and attract younger tech-savvy customers," said Agnes Chua, Executive Director of Business and Product Development of 2C2P. Unlike other BNPL offerings, customers now have more flexible payment options to consider when making larger purchases. This aids customers to better plan and manage their spending, especially when moving into a new home," said Andrew Kang, Head of eCommerce in Samsung. Winston Tan, Head of Sales from OPPO said, "Having Pine Labs as a payment option enables us to give our customers more flexibility in how they pay for their purchases. We believe the option will make it easier and more attractive for price-sensitive customers to afford large ticket items and help with cash flow management and budgeting.Integrating the BNPL platform into our payment system has been seamless. Since implementing the program, our stores have seen incremental customer engagement and good satisfaction," said Rachel Cheng, Managing Director of Eu Yan Sang Singapore. According to an IDC report commissioned by 2C2P, BNPL spending is expected to expand by $9.8billion in 2026, a 3.5x increase from 2021. In addition, retail sales in Singapore grew by 11.2% year on year in September 2022, marking the seventh straight month of increase in retail trade this year. Amidst the positive outlook for retail trade, the ease of instalment purchase offerings at the offline point of sale will encourage the continued growth of the retail industry amidst post-COVID-19 disruptions. About Pine Labs Pine Labs is a leading merchant commerce omnichannel platform operating across India and Southeast Asia. Pine Labs' tech-first approach to digital payments and focus on simplification at the front end aims to help many businesses embrace fintech products at scale. In digital payments, our online payments cloud-based software Plural represents a one-stop payments destination across channels. Plural is designed to deliver secure and frictionless online payment experiences to the end user, powered by an advanced tech stack that can augment an existing online business or build an all-new e-commerce payment setup from the ground up. In issuing, Qwikcilver serves leading corporates, Fast-Moving Consumer Goods (FMCG) brands, e-commerce companies, the Banking, Financial Services and Insurance (BFSI) sector and the airline industry, with a presence across India, the Middle East, Southeast Asia and Australia. Qwikcilver is a go-to gift card provider among companies looking to, among other things, bolster their employee rewards program and issue closed-loop gift cards for customer acquisition. In consumer app, Fave is a fintech platform for the next generation of consumers, providing smart payments and savings, while empowering merchants with a loyalty solution to grow and engage with their customers in a whole new way. Incorporated in Singapore, the key investors of Pine Labs include Sequoia India, Actis Capital, Temasek, PayPal and Mastercard. About 2C2 2C2P is a full-suite payments platform helping the world's leading enterprises securely accept and make payments through one point of integration. Its far-reaching network extends across online, mobile and offline channels including over 400,000 alternative payment locations, enabling enterprises to reach their customers or recipients anywhere. 2C2P also provides value-added services such as issuing, 3D Secure, bill payments and digital goods to meet every business need. The company is headquartered in Singapore and operates globally. It is the preferred payments platform of tech giants, online marketplaces, retailers and other global enterprises.

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POS SOLUTIONS

eTailPet Launches Point-of-Sale Platform in Canada, Offering All-in-One Solution to Help Pet Retailers Thrive in the Growing Canadian Pet Market

eTailPet | November 30, 2022

eTailPet, the only all-in-one, multi-channel, cloud-based point-of-sale (POS) software solution created specifically for independent pet retail businesses, announced today that it is expanding its support of pet businesses in North America with the launch of its POS solution in Canada. According to a recent survey, pet ownership in Canada increased by 18% since 2019, with approximately 3% of Canadians who didn't have a pet before the pandemic since adding one to their household. This increase in pet ownership contributed to an increase of 117% in overall consumer spend in the pets category during COVID, with the current Canadian pet market (including food, supplies and services) worth US$7 billion. eTailPet offers a true end-to-end solution that supports retail pet business operations with real-time visibility and control over in-store and online sales, inventory, customer communications, and marketing. Through these offerings, pet retailers can streamline operations, increase business, boost profitability, and thrive in the rapidly growing digital marketplace. As one of Canada's leading pet specialty distributors, working with hundreds of independent pet retailers across the country, I've discovered that eTailPet has everything you need to manage your business anytime, anywhere, and includes all of the features and functionalities that will help you meet the demands of your customers – from inventory to customer communications. The platform's all-in-one functionality will help you to increase revenue and remain competitive in the growing Canadian pet industry," said Phil Klaassen, CEO, Pan Pacific Pet. "The growing Canadian pet market has accelerated the demand for easy-to-use, omnichannel POS solutions among indie pet businesses who want to streamline operations, maximize profits and appeal to the current generation of pet owners,Our all-in-one platform helps independent pet businesses remain competitive against the big box companies. Its easy-to-use design and comprehensive functionality, including the most advanced POS inventory management system, the biggest online pet catalog database, and full Astro Loyalty integration was created specifically to address the needs of independent pet retailers." Bere Giannini, founder of eTailPet. eTailPet combines deep expertise in the pet industry with modern technology to deliver a seamless experience for both the independent pet retailer and their customers. The eTailPet solution provides: A robust, but easy to use POS system, with automatic in-store and online inventory synchronization, payment processing, smart ordering, and vendor credit management; A total ecommerce solution for independent pet retailers, featuring a turnkey website builder, real-time inventory management, built-in sales data, loyalty program integration and more; Online booking for pet services with powerful, customizable tools; and Robust digital marketing tools About eTailPet eTailPet empowers independent pet businesses with robust software solutions to compete in the growing digital marketplace. The all-in-one POS platform is the only full-service solution created for pet businesses by a pet business owner.

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POS RETAIL

CULT & RAIN Launches its Metaverse Shopping & E-Commerce Platform

CULT&RAIN Inc. | December 02, 2022

CULT&RAIN is dropping a new CORE COLLECTION of 250 limited edition physical sneakers based on the most popular styles from their GENESIS collection. For the first time, customers will be able to order TITAN in colorway black & white (priced at USD $1195), VEGA in colorway all black (priced at USD $995) and ATLAS in colorway all white (priced at USD $1095). Every sneaker will ship with CULT&RAIN's radical HEX BOX packaging - see images attached. All GENESIS & DROP001 NFT collection holders will exclusively receive 25% off their first sneaker purchase, as part of their utility for being an early collector of CULT&RAIN. We've had hundreds of requests for our GENESIS collection, and I'm thrilled to finally offer the public our luxurious CORE collection, made in Italy at one of the best sneaker factories in the world, who also produces for top luxury fashion houses within the preeminent luxury conglomerates. CULT&RAIN is a luxury-infused fashion brand born from Web3. Following the successful launch of their CULTR WORLD experience in July 2022, the brand forges into the future by creating a first-of-its-kind Metaverse shopping experience, where customers can purchase physical goods & digital collections inside CULTR SHOP, a dedicated area within their CULTR WORLD metaverse. CULTR WORLD is a web browser & mobile-first based Metaverse experience, which is simple and easy to access. Users enter CULTR WORLD via a direct link inside cultandrain.com, select a uniquely designed avatar and can enter CULTR SHOP. Inside the virtual store, users can purchase CORE COLLECTION 'physical' sneakers and NFTs from CULT&RAIN's GENESIS and DROP 001 collections. CULT&RAIN customers will be one of the very first ever to purchase physical goods &, most importantly, check out from inside CULTR SHOP. This radical, intuitive experience demonstrates CULT&RAIN's incredible innovation pipeline. "We believe the future of shopping lies within social & Metaverse commerce. For our seasoned collectors and curious Web3 users, the CULTR SHOP experience provides a radical yet intuitive shopping UX. We are pushing boundaries of a virtual social shopping experience, yet very easy to use & transact," George Yang, founder of CULT&RAIN. In addition to the sneakers, collectors can purchase additional GENESIS and DROP 001 NFT's from the OpenSea marketplace inside CULTR SHOP. For those who prefer a more traditional shopping experience, CULT&RAIN is also launching a conventional e-commerce platform for users to purchase the CORE COLLECTION. This modern, clean, and intuitive experience will allow users to transact seamlessly on cultandrain.com. To celebrate the launch, CULT&RAIN will host a Metaverse party inside CULTR WORLD with all their collaborative partners & communities to celebrate receiving the physical sneakers from GENESIS and the Varsity Jackets from DROP 001. The party will feature a live DJ set from Meta true born musician and 3D avatar TEFLON SEGA (@teflonsega) streaming into CULTR WORLD for the first time. Teflon Sega is signed to EMPIRE Records and has amassed 19m plays on Spotify and 15m plays on YouTube. During the event, CULT&RAIN will airdrop attendees a radical CULTR avatar skin by claiming a POAP, compatible with DECENTRALAND, as well as a site upgrade to be compatible with a VR experience and READY PLAYER ME avatars, to further enhance the experience. ABOUT CULT&RAIN The first luxury fashion brand born from the crypto universe, merging radical NFTs with exclusive physical redeemables. Join our Web3 revolution. Our founder, George Yang is an accomplished fashion creative director with over 20 years of experience across New York, Milan, and Paris; leading international design studios within the luxury & premium fashion industry. He has designed for renowned fashion houses around the globe including Theory, Costume National, Guy Laroche, and Cerruti Paris.

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