India has the presence of a tech-savvy population. In India, 65% of the population is aged below 35 years, and 47% is below 20 years of age. By 2020, the average age of Indian population will be 29 years. The influence of these demographic segments and the subsequent changes in customer behavior has encouraged retailers to deploy POS systems in the different retail formats.
The government of India has also reduced basic customs duty and excise duty on components of high-import products such as POS printers and smart cards. Also, it has allowed 100% foreign direct investment (FDI) in single-brand retail and 51% FDI in multi-brand retail. This has attracted significant foreign investments in the country. In 2016, the majority of foreign investments were made in the fashion and apparel industry, with international brands like H&M entering India.There are three factors that are contributing to the growth of the global POS receipt printer market:
POS receipts as a marketing tool
POS market growth due to mPOS hardware and software
Growing vendor focus on MSMEs
Xiamen Cashino is a professional thermal printers supplier in China. We supply portable printers, kiosk printers, POS printers, embedded printers and so on. This year we launch a new cost-effective POS printer.
CSN-80V pos receipt printer is a compact, fast and advanced receipt pos thermal printer, and bar code printer. enabling you to produce high quality receipts quickly and easily. With an easy maintenance cutter and patented long life printing (LLP) technology, capable of extending print life to over 100km.Features include drop-in paper loading, RS232,USB,LAN three ports, auto cutter and a long life thermal print head.