Challenges: 

1. The traditional POS machine that only support for the card payment was unable to meet nowadays payment needs.  For intelligent POS machine, the purchase cost is too high, small micro-business cannot afford it.

2. Alipay and WeChat can be tied to a credit card, credit card can be paid by scanning QRcode, Alipay can even use "Huabei". On the credit card side, the pos terminal lost its advantage.

Application:

1. Cash, QR code ( Alipay, WeChat Pay, QR codes of UnionPay and bank), magnetic strip card, chip card, NFC(  Apple Pay, UnionPay Cloud Flash Pay) and others.

2. Operations including reception of menu and promotion information, sales data uploading, procurement, restock, sales, stocktaking, returning goods, goods replacement.

3. Redemption of a bonus point, such as bank card pint, credit card point, member point, can be performed by scanning QR code. Activation of inactive members; Issue Electronic loyalty card, points input, write off and redemption.

Effects:

1. Reduce overall procurement cost due to its integration of multiple functions comparing to previous many devices. Now it’s all in one.

2. Space occupation cost by removing the cashier desk. In the past, at least 7 m2 of cashier desk and 2 cashiers were needed.

3. Diverse Interface with businesses enables the people who handle the payment stay in the same working area without moving outside.

4. Reduces management cost with the adoption of an integrated device, compared to the previous situation of diverse hardware devices, diverse management systems, many operators, and even IT department.