Intelligent investors are holding their wallets close as credit card theft and cyber terrorism is on the rise. One company (Symbol: CMPY) is disrupting the market, and presents a proprietary solution in an arena riddled with vulnerabilities.
How many times have you left the house without any cash?
We are living in a generation which is slowly becoming a cashless society. How many times have you left the cash and coins at home? It’s no longer a necessity, and quite frankly, it’s a hassle keeping track of my currency. The simple solution is to use credit cards, debit cards, Apple Pay, etc. With one touch or swipe, I can make a purchase and be on my merry way.
As a result, there is unprecedented growth in the Global POS(point of sale) terminals market. For those of you who are unfamiliar with the term Point of Sale, it’s a computerized system that allows business owners to track sales, cash flow, and even inventory. In simple terms, it’s where you go in a store to pay for your purchase.
With electronic and email receipts, POS terminals are gradually shifting to paperless, digital format. Increased acceptance of debit and credit cards has also led to high demand for these appliances. The industry is migrating towards EMV chip card payments through progress in payment technologies, which are anticipated to further enhance the market momentum of point of sale (POS) terminals over the coming years.
According to Grandview Research, the global point-of-sale terminals market size is expected to reach USD $108.46 Billion by 2025. The market is “anticipated to witness substantial growth over the forecast period.” Rising demand for POS terminal with multiple features will help boost the market.
Advancement in POS terminals is more necessary than ever. Hardware emerged as the largest segment in 2018 and is estimated to reach USD $66.30 Billion by 2025. Moreover, growing popularity of mobile POS terminal across different industries, such as restaurant, retail, and hospitality, owing to its portability is expected to drive the market further.
According to another report published by Credence Research, “Point of Sale (POS) Terminals Market” the POS terminals market was valued at US$40.20 Billion in 2014, and is expected to reach US $103.20 Billion by 2022, expanding at a CAGR of 12.9% from 2015 to 2022.
Just last week, Research and Markets released the results of a recent study on the Global Point of Sale (POS) Terminal Market: Size, Trends & Forecasts. The report assessed the key opportunities in the market and outlined certain factors driving the growth of the industry, which confirms the growth from the prior study. This market is projected to rise significantly in the next four years from 2019-2023. The POS terminal market is expected to increase due to rising e-commerce sales, growing adoption of smartphones, technological upgradation, rising number of electronic payment transactions, and adoption of cloud technology.
dis·rupt verb: to cause (something) to be unable to continue in the normal way : to interrupt the normal progress or activity of (something)
In business, disruption refers to significant changes occurring within an industry, often at a fast pace—changes that redefine the norm, disturbing accepted ways of thinking and doing business.
One company is poised to disrupt the payments space with its recently developed proprietary multifunctional smart POS fiscal cash register system.
Comepay (Symbol: CMPY)– is setting the bar high while disrupting the current market and creating a new standard.
Comepay (Symbol: CMPY) is a collection of companies, operating over the last 11 years, providing internet acquiring services and support, facilitating instant payments and internet-based payment transactions via mobile interfaces and web-based applications such as electronic wallets.
CMPY also leases and sells cash registers and Point of Sale (POS) systems, including its recently developed proprietary multifunctional smart POS fiscal cash register system.
CMPY is focused on business expansion within the smart POS fiscal cash register system called “Cassatka” in order to help businesses in Russia comply with newly released Russian taxation legislation, 54-FZ. Russian Federal Law 54 requires businesses and individuals to use federally compliant cash registers, including a fiscal chip for processing sales transactions. Also known as 54-FZ, the new law required 1.2 million businesses in fiscal 2018, and a further 1.4 million businesses in fiscal 2019 to install new, federally compliant on-line cash registers. Currently, payments to individuals and entities made electronically are required to comply with Regulation 54-FZ. The Cassatka is CMPY’s multifunctional smart POS online fiscal cash register can process payments and meet fiscal data storage requirements for participating businesses. It is a convenient and cost competitive solution for businesses to meet the new federal taxation requirements in Russia.
That’s a lot of businesses which Comepay could service!
With gross revenues of approximately US$11.8 Millionin fiscal 2018, the Comepay companies are looking to expand rapidly as they introduce and market the Cassatka along with a suite of enhanced user features.
The recent Annual Report showed over $24.7 Million in Total Assets including $17.5 Million in Receivables for fiscal year 2018. This is a potentially epic growth story!
Comepay (Symbol: CMPY) recently announced that subsidiary Chek-online LLC, the manufacturer of the smart terminal and fiscal cash register line “Cassatka,” has concluded an agreement with the National Payment Card System (“NSPK”) for the use of contactless payment system “Mir” for the Cassatka Mini series of smart terminals.
This is ideally suited for public transport, couriers, taxis and other similar businesses due to the built-in merchant acquiring, the ability to replenish travel card balances and make instant payments for transport, delivered goods and ticket purchases.
In addition, they have also entered into a partnership with large Russian gas distribution company, Mosoblgaz, for use of its cash registers and payment terminals to support its online sales services. This is something that ALL Moscow residents use for transferring gas metered readings, ordering insurance services for a country estate or apartment, or paying their gas account balances. By integrating their operations with the Chek-Online cash register rental service Mosoblgaz now has a functional and cost-effective solution for complying with Federal Law No. 54 requirements.
CMPYhas integrated Merchant Acquiring Services from two large banks in Russia, and plans to expand to several additional partner banks. This comes on the heels of an announcement adding increased functionality to its smart terminals including the Unified State Automated Information System app, in order to simplify reporting of alcoholic beverages and products to the Federal Tax Authority of the Russian Federation, including the ability to issue industry compliant receipts for alcoholic products sold.
This is simple math. All of these new clients and operators required by law to use these products equal unparalleled growth.
We expect to see increasing client acceptance and demand for fiscal cash registers in our data center. The ability for online, web-based businesses to become compliant quickly, and cost effectively, with the flip of a switch is gaining momentum as one of our many product options as businesses and individuals in Russia look to become compliant with tax regulation in Russia.
~CMPY CEO, Dmitry Tsatskhin
Looking for a familiar US household name?
Perhaps you’ve heard of ASUS, the multinational computer hardware and consumer electronics company. According to their corporate website, ASUS is the world’s No. 1 motherboard and gaming brand as well as a top-three consumer notebook vendor. ASUS is the latest major corporation in Russia to utilize the Chek-online cloud payment-terminal service. Asus has completed an online payment-terminal lease agreement with Chek-online, and the hardware features have ready integration with the necessary external systems used by the ASUS online store.
Another company which might ring a bell is Volvo. Under a recent agreement, transactions on the official Volvo Russia website will now be processed using the fiscal cash registers in the Chek-online data center in order to provide the required data to the Russian Federal Tax Service while continuing to provide purchase data directly to customers.
Mark your calendars for the Upcoming release of a full-featured version of its app for iOS- and Android-based smartphones and tablets.
Comepay (Symbol: CMPY) is an under-the-radar company offering a tremendous opportunity for investors. We are witnessing a growth story in a burgeoning market being dominated by one niche player. Endorsements from major brands such as Volvo and Asus are proof-positive that Comepay is the wave of the future and is here to stay. Why not get in front of a global movement and position your portfolio for a compelling product which is truly disrupting the skyrocketing global Point of Sale Systems market.
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