POS: Point Of Sale

POS, or Point of Sale, is a pivotal aspect of modern business transactions. It refers to the specific moment when a customer makes a purchase and the payment is processed, typically at a physical or virtual checkout counter. A POS system encompasses both the hardware and software necessary to manage this transaction, including cash registers, card readers, and digital platforms. Beyond its fundamental role in completing sales, POS systems often integrate inventory management, sales analytics, and customer relationship management functionalities. By streamlining the payment process and providing valuable insights, POS systems empower businesses to enhance efficiency, understand customer preferences, and optimize their overall operations