Sky Telecom is proud to announce the launch of our Point of Sale (POS) devices across the UAE market. Our mission at Sky Telecom is to help people lead easier, convenient, hassle-free lives, and our pioneering, location-wide POS solution aims to provide a plethora of varied services under one roof to our customers.
The global Point-of-Sale (POS) terminals market size was valued at USD 42.14 billion in 2015 with 11.2% CAGR estimation from 2016 to 2023. A rapid increase in adoption, across various industries – such as retail, hospitality, healthcare, telecom, and others, is anticipated to contribute significantly towards the global POS terminal market size over the forecasted timeline. Technology advances in POS applications, hardware and product, along with better return on investment and ease, are the primary drivers of this usage resulting in industry-wide growth.
The UAE, in accordance with Vision 2021, and Dubai SmartCity 2020, is fast emerging as one of the most competitive and fastest-growing markets in the region for alternative payment solutions. It closely parallels the growth in international markets, and perhaps even more so, with increasingly high broadband and smartphone penetration levels.
The UAE has also jumped headfirst in the mobile POS terminal market (mPOS), which globally is projected to witness significant growth at a CAGR of over 19% from 2016 to 2023, owing to the availability of advanced features such as mobility and enhanced user experience. The ability to make transactions fluidly, along with payment convenience and simplicity has forced merchants to switch to mPOS, ultimately driving segment growth. Furthermore, we can see the industry transitioning from payment-only terminals to merchant solutions which allows merchants to manage their operation such as order management software, inventory management and third party billing
With this in mind, Sky Telecom, in partnership with Etisalat, is proud to announce the launch of our Point of Sale (POS) devices across the UAE market. Our mission at Sky Telecom is to help people lead easier, convenient, hassle-free lives, and our pioneering, location-wide POS solution aims to provide a plethora of varied services under one roof to our customers.
Sky Telecom now manages hundreds of new and modern POS machines in the UAE and the number will soon be in thousands. Our merchants also benefit from the mPOS with enhanced security, free floor space, reduced customer queues, resulting in repeat transactions and better customer service. So, whether it’s recharging your local mobile number, bill payments, donations, or sending international credits for a loved one back home, our POS devices offers all this and much more. Come visit us – we’ll soon be in a location close to you.