Pinelabs

In 2018, the online payment processing software industry was valued at $21 billion in the US, growing at a rate of 8.9% per annum. To run a successful retail business today, you need to provide the right customer experience, complete with innovative software that will make a seamless experience for your consumers. Five different types of software can significantly improve your retail business. E-Commerce software Inventory control software Payment processing software Retail management software Retail ERP software E-Commerce Software This software allows a business to sell products and services online. It also lets online store owners add and remove products, fulfil orders, process payments etc. There are two types of E-Commerce software - on-premise and software as a service.  Inventory Control Software Inventory control software is a system that handles the tracking, managing and organising of product sales, material purchases and other production processes. This software type use...

In the last year, businesses have seen a significant drop in cash transactions, as other payment options like e-wallets, cards, QR codes and net banking became the new normal. During this time, ‘buy now, pay later’ (BNPL) emerged as a popular credit option among consumers, giving them instant access to an approved credit limit, which could then be used for purchases. What Exactly Is Buy Now, Pay Later? As the name suggests, ‘buy now, pay later’ literally lets consumers buy a product and have it delivered while delaying the payment until a later date. This is a consumer-friendly alternative to cash or credit cards.  Benefits Of BNPL Instant Access To Credit If a store has an option for BNPL payment, you do not have to search for alternative credit options. With shop now pay later , you get instant credit at the point of sale, making for a smooth and frictionless purchase. Ease Of Use Some BNPL platforms allow you to use the QR code option where you can simply scan the code and pay ...