The world is rapidly moving towards building a cashless economy and rapidly adopting credit cards, debit cards and online transactions to minimize the physical cash transaction. Secure payment systems help in the development of world economy; thus, all countries are encouraging the adoption of convenient, secure and affordable payment systems.
Countries such as Singapore, the Netherlands, France, Sweden and Canada are among the top countries with cashless transactions. Whereas developing countries such as China and India have only 10% and 2% cashless transactions respectively. However, government steps towards cash less society is expected to bring positive opportunities for point of sale (POS) terminals market. In 2016, cashless transaction volume grew by nearly 11% to reach over USD 430 billion.
Encouragement towards digital and enhanced payment systems with better security measures are propelling the growth of non-cash transaction and thereby resulting in the demand for POS terminals. Over 20 billion credit cards, debit cards and prepaid cards worldwide are present in 2016 which is expected to reach over 26 billion during the forecast period.
Booming retail and hospitality sector are supporting the ongoing demand for POS terminals market. Furthermore, the flexibility of having a smartphone- or tablet-based POS, due to low installation costs, has attracted small and medium-sized businesses (SMBs) to invest in mPOS system.
How Could Global POS (Point of Sales) Terminals Market address COVID-19 concern?
As part of the COVID-19 outbreak, central banks have resorted to quarantining physical bills and some are even going so far as to burn banknotes. South Korea’s central bank, the Bank of Korea, has implemented a quarantine policy for physical notes that come in from local banks. They’ll keep banknotes in a safe for up to two weeks, given “that the [SARS-CoV-2, which causes the COVID-19 disease] virus usually dies in nine days.”
Further, Chinese lenders were asked by the government to both disinfect bills and keep them in a safe for up to 14 days, depending on what region they came from. The Federal Reserve has also begun setting aside US dollar banknotes from Asia for 7-10 days before recirculating them into the economy. The Bank of England has acknowledged that banknotes in circulation can hold “bacteria and viruses” and recommended that people wash their hands after handling money.
This is why, among other reasons, the CDC is so rigorous about handwashing as a way to reduce infections in general. Well-maintained handwashing reduces respiratory diseases, such as colds, in the general population by 16-21% according to the CDC.
It is clear that central banks are thinking about how their rules can apply to digital currencies — and in the absence of deliberate action and the continued growth of the cryptocurrency community, the only true viable alternative to analog cash will be digital currencies that replicate the current financial system, bound to central banks that have increasingly resorted to desperate measures to keep economies going, including negative interest rate policy.
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翻墙VPNIn the event that you are considering a VPN China service, then you have to understand how this specific product can make things easier for individuals who need to keep their personal information secure and protected.
The issue with different Internet users is that they don't realize that the same companies who outfit them with credit cards and debit cards moreover give out their information to other companies in the hopes of developing some extra money.
However, when you travel outside of the country, then you ought to consider having some type of Internet security tool installed.
A good way to ensure that you have these security tools on your computer is to use a VPN China service.
Appropriately, any data that is sent through the VPN will from an overall point of view experience a server instead of going to various websites any place on the web.
As any individual who has used their credit card at an ATM knows, it will everything considered be rather easy to give another person's information to somebody who may not deserve it.
They can choose audio, text, and video consultation for curing their diseases and disorders.
The global healthcare industry will be valued at $201.24 billion by 2021.
They can look at the background of the medical specialists, fees, their experience, and availability.View all specialties - Gone are the days when sick persons used to run here and there to locate a doctor?
Appointment History - Follow-up is the biggest advantage of an app like Practo.
It contains information like the name of the doctor, the date and time of the session, and mode of communication (audio, video, and chatting).Numerous payment options - Patients can process transactions effortlessly.
They can utilize credit and debit cards, e-wallets, Unified Payments Interface (UPI), and wire transfers.
There are around 4,000 cryptocurrencies in the world, all serve their own unique purpose and they have their own value.
Cryptocurrencies are still new to society and people want to know about them, their features and opportunities they provide to make good profit.POICoin is one such but unique cryptocurrency that aims to revive the dying economy of Africa.
In this article we will talk in depth about the features of the first coin of Africa — PoiCoin.Features of PoiCoinPOICOIN has many key features and a few of them are listed below.Wallet Services: The fully featured wallet will ensure that the POI ecosystem can effectively interact with the technology in a secure and accessible manner.DApps: An open source platform that will allow programmers from around the world to create innovative and cutting-edge technological applications for the ecosystem.Global Exchange: POI has its own exchange where the holder of POI can take part in trading (selling & buying) of their tokens.
Own exchange will remove the need for any external exchange, however, POI will consider some of the major crypto exchanges where POI will be listed on.Ecosystem: POICoin is having a vibrant ecosystem around POI and the members of the ecosystem will have access to a lot of discounted services, bonuses and products using POI as a means of payment or exchange.
All the benefits will be used to empower the ecosystem, users and each and every part of ecosystem.POI Token: The decentralized Ethereum blockchain-based digital currency aims to provide a profitable and secure mode of transactions.
These tokens can be used to make payments, money transfer, and more.Marketplace/E-Commerce: The market will comprise diverse traders and producers who will accept/send POIs as a means of exchange of value for their various products and services with the global community of consumers.Products/Services: Exclusive products and services will be launched on the POI network with the highest discount the industry has ever heard of as an incentive to use the ecosystem, and to encourage users to use POI more and more.Strategic Partnership: As per requirement, we will forge strategic partnerships with leading companies/agencies to further enrich the user experience of the POI ecosystem.POS and Debit Cards: POS and ATM devices will be deployed in specific locations in small communities, which will make room for blockchain to the root level, especially for African communities!
