Worldwide, the rapid growth of digital technology in the past few years has expanded the point of sale terminal from just a sales portal into comprehensive payment processing systems that became an integrated part of the entire business operations. A POS terminal is computer software and hardware that manages the transaction by selling a product or a service. It helps to capture, share, store and report data related to the selling transaction. It eases the shopping experience and serves to expedite the checkout process, resulting in customer satisfaction.
Moreover, the rising financial frauds worldwide have demanded POS terminals. The government’s adoption has supported the vision of bringing a cashless economy worldwide, owing to the hassle-free payment option, online payment without cash and reduced waiting time in queue. With the changing technologies in credit debit cards, contactless payment became famous for making a quick purchase without entering a PIN; POS has witnessed increa
