The POS machine and the cash drawer Dubai offers are two of the best payments and receipts artillery in the history of business in Dubai. Did not someone say that freedom was development and that development came from freedom of choice? Well, if that sounds sleek you have got to check out the classy POS machine and the cash drawer Dubai has to offer to micro, small and medium enterprises across the world and especially in Dubai. It makes enormous good sense to keep the options of brick and mortar (BAM) and online business transactions alive. In the context of many economies of the west trying to emulate Sweden in terms of moving towards a cashless economy, it is a smart idea to investigate the business friendliness of both these devices.
The truth is that Sweden is the only country in the world to have a completely cashless economy. This statement comes with some riders. Sweden has a very small geographical area. Second Sweden has a very small population. Sweden also has a literacy rate that is among the best in the developed world. This stands in contradiction to other economies of the developing world. So there are obstacles that need to be figured by policy makers before taking a step towards complete demonetization. On the other hand there are many benefits of having a cashless economy. The first benefit is the independence of cash counters of retail business units from liquid cash and change that slows down billing. Second, it makes the receipts free from threats of theft, pilferage, wear and tear, fire, spoilage and damage. Third cashless transactions make tax compliance for micro, small and medium enterprises easier. Fourth, cashless business can be handled by team of authorized people easily than traditional cash based business.
As such firms in Dubai shall do well to keep a foot in the present and the other in the future and thus embrace both the cash drawer and the POS machine Dubai offers. The usage of the cash drawer shall serve the purposes of keeping the conservative minded businesses secure by keeping cash payments and receipts secure, safe and streamlined. On the other hand there is a necessity to keep an eye on the future and hence think of being demonetization read (whenever that happens) and hence embrace technology for sales automation by using the POS machine along with standard mechanisms for online banking, mobile banking and digital wallets. The point is to be future ready and be in the present at the same time Times are changing and one never knows when the time shall be apt for Dubai to go futuristic with a completely cashless economy.
No comments:
Post a Comment