How to Digitally Order POS, SoundBox, QR Code, Paper Roll, etc., for Your Business?

Posted on Thursday, August 1st, 2024 | By IndusInd Bank

Every sector across the globe is undergoing rapid digital transformation. Businesses are adopting newer technology to enhance their customer experience and operational efficiency, irrespective of size. POS (point of sale) system is one such digital solution that has become essential for businesses of all sizes today. The POS (point of sale) system and contactless payments like QR codes have become more relevant in India after the pandemic. The Government’s ‘Digital India’ initiative, implementation of Goods and Services Tax (GST), and e-commerce integrations have also contributed to the significant shift towards POS solutions and contactless payments.

POS systems not only enhance the overall customer experience but also streamline business operations and improve efficiency, which can contribute to India’s growth story. It is quite simple for businesses in India to avail the POS solution.

Banks like IndusInd Bank offer POS solutions and QR code-based payment solutions to their current account customers. This article aims to provide comprehensive details on what is POS and how businesses can digitally order POS machines, SoundBoxes, QR codes, etc.

What Is POS In Banking?

POS (Point of Sale) solutions in banking typically include hardware (POS terminal) and software applications that help merchants streamline their operations by accepting electronic payments. Any service-based business such as restaurants, retail stores, vendors, hotels, etc. can use POS solutions to enhance customer experience. It is a convenient and secure way to transact and improves efficiency for both customers and merchants.

IndusInd Bank’s POS Solution

IndusInd bank current account holders can avail of new-age POS solutions that back both contact and contactless cards with an array of POS machines. Security and competitive pricing are the key features of IndusInd bank POS solutions. You can easily open current account online and order a POS device with minimal documents. To order POS online, here are the simple documents needed:

1. Merchant application form (to be filled out online)
2. Identity proof
3. Address proof
4. Business legality proof

Merchants having IndusInd Bank current accounts can also avail of SoundBox, a hardware component of point-of-sale. It is quick and simple to open an IndusInd bank current account online. SoundBox generates an instant audio alert or confirmation of a successful transaction upon receiving the digital payment from customers. Merchants using IndusInd Bank’s POS and QR solutions are eligible to order Soundbox and it requires no additional documents.

Also read: All about Current Accounts – Types, Features, Eligibility, and more

IndusInd Bank’s QR Solutions

Quick response or QR code is a two-dimensional bar code that can be scanned using a smartphone camera/scanner to enable contactless payments. It is a secure and hassle-free facility that accepts payments through UPI applications like BHIM, Google Pay, PhonePe, and Paytm. You can open current account online and avail of the IndusInd Bank’s QR code solution digitally in no time. To apply for Bharat QR or QR solutions online, here are the simple documents needed:

1. Merchant application form (to be filled out online)
2. Identity proof
3. Address proof
4. Business legality proof
5. Agreement terms & conditions to be hosted through the link (PDF will be shared)
6. Any other relevant document as requested.

You can avail of the benefits of all these merchant acquiring services offered by IndusInd Bank when you open a current account online. Opening an IndusInd Bank current account is hassle-free work that can be done in a few minutes. Be it a small street vendor or a large retail chain, these digital solutions are essential for business growth.

Also read: Documents required to open a current account

Conclusion

In conclusion, POS solution plays a crucial role for businesses of all sizes that deal with transactions. Driven by digital innovations, POS solutions, QR, and SoundBox technology offered by banks and financial institutions are contributing hugely to business efficiency.  It enhances customer experience, streamlines transactions, and pushes the country towards a cashless economy.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.