'e-POS' to reduce currency thirst
With a dual plan of mitigating currency notes crisis as well as boosting business transactions District administration of Srikakulam has introduced ePOS(Electronic Point Of Sale) at a large scale. District's lead bank 'Andhra Bank' has taken the necessary measures in-order to implement hassle free business transactions through ePOS. Small business people also can avail this opportunity by opening 'Current Account'. Officials said that even a transaction of Rs.2 worth can be made through ePOS. Similar system was launched in Anantapur District also.
About ePOS system:
ePOS(Electronic Point Of Sale) is a computerised digital system used in restaurants, shops and retail outlets. This system has voluminous applications which include
* Faster and efficient customer service
* Reducing human error
* Keeping track of sales and taxes
* Improving data integrity
* Recording and updating stock levels
* can print vouchers and receipts for customers