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We know that every small business needs an initial investment. But, what about further growth of the business. With the ever-changing retail industry and other developments, even small shop owners look forward to improvising the customer’s experience of buying from their retail store. The profit they make might not be enough to expand the business. Taking a retail business loan is one of the best options for small businesses.

 Here’s why retail shops and businesses need loans to grow their business.

 Purchase Large Orders to Meet Customer Demands

Customer satisfaction is imperative and even a retail business owner understands this.

When a retail shop owner observes demand for particular products he needs to fulfil the customer demands. Making more purchases requires investment or credit. Loans help the shop owner to buy bulk goods that are in demand.

 More options in Products Enhances Sales 

Customers these days are aware of the options available in the market. They are loyal to the brand or particular product they use. It is better to offer as many options in the retail shop for every customer to find what they are looking for. Also, sometimes customers tend to explore different products, variants, or brands. Offering the various options will only increase the potential offer sales at a retail shop. A retailer needs money to stock more goods which is why he may require a business loan.  

 Helps to Build and Maintain a Safe Infrastructure

Customers look for shops that are well maintained and retailers also want to maintain a friendly environment for them. Proper infrastructure is the first step towards customer service. Anyone who enters the shop must feel safe and approach the staff or the retailer for any help. Not having enough space can also be a problem. Good and spacious infrastructure helps to display products in an organised manner. A retail business loan can help the owner to build the appropriate infrastructure.

 Expand The Business 

A retail shop owner may want to start more shops in different locations. Expanding the business requires investment and loans can provide the same. A retail business owner looking for a substantial growth rather than just short-term profit would want to expand his business to more locations. They may also require more staff and to hire more staff, they may apply for a business loan.

 There are several commission apps for retailers. It helps them give their customers the services like mobile recharge, DTH recharge, paying bills, etc. The application enables them to accept payment through different modes, and especially online. These apps for retailers help to expand business and sales. 

As online games gained popularity, many indoor and offline games are now being played virtually. For a game like rummy, players play for cash but guess what? Even online rummy can be played for cash, thanks to digital money transfers. There are many other games played for cash but Rummy is one of the most popular card games of all time. Ever wondered why? Let us answer this question for you. 

 Here are some major reasons why rummy is more popular than other games played for cash.

 Online Rummy is Familiar and Favourite Card Game 

Yes, India is a fan of rummy. For years now, it has been a part of many social events, it is a mode for fun and also earning cash rewards. The game has different variants and we have our variant of 13 card rummy game. Most of us are familiar with its rules and know how to play Indian rummy. It is something our grandparents taught us while engaging with us. 

 Quick and Easy to learn 

Rummy is easy to understand and play once you are thorough with the rules. Practice will further make you aware of the strategies and skills you need to ace to win this game. Knowing the rules and learning a few tricks, will make you a pro at it! In case you want to play online cash rummy, ensure to first play the free trial games online.

 Skill-based game 

To play and ace the rummy game you require a few skills. This isn’t a game of luck but it is your mind, your alertness in the game, and the strategies that help you win. Having a good memory, analytical skills, and logical skills will also help you throughout the game. Wise use of all cards in hand, deciding what to discard, and paying attention to the opponent’s moves are some of the few tricks to playing a rummy game correctly.

 The Exciting factor of cash prizes and rewards

Online rummy apps offer exciting game plays like tournaments. It involves winning multiple games against different players. Since you can play for real money online, it adds more thrill to your rami game experience. All you need to do is deposit funds, play, and win back the cash prize.

 Safe and Secure Online Gaming Apps Are Available 

One of the major reasons why cash rummy has gained huge popularity is because of the rummy apps. Digital money transfer has become easy and quick. And, nowadays most rummy apps offer you different rummy variants, games, and tournaments to play for cash. 

https://play.google.com/store/apps/details?id=com.khelplay.rummy

Play rummy for cash at khelplay rummy app. Pick a cash game from the lobby and start playing rummy online. Download the app now!

https://play.google.com/store/apps/details?id=com.khelplay.rummy

In 2020, COVID-19 became a threat for most economies.  Understand how COVID-19 made an impact on India’s payment system. Read more!

https://manumangal.tumblr.com/post/647621208787058688/change-in-indian-payment-system-after-covid-19 

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In 2020, COVID-19 became a threat for most economies. Safety measures had to be taken and a nationwide lockdown was also declared in India. Industries like manufacturing, retail, and all types of businesses were affected. 

After demonetisation, many policies were formed to aid and support the growth of digital payments in India. It did accelerate the use of popular methods like mobile wallets and card payments. But, this was further given a push in 2020 due to the pandemic. Adopting contactless payment became a necessity and so the shift happened much more significantly during this time.

Let us understand how COVID-19 made an impact on India’s payment system.

Impact on Businesses   

Some sectors saw a decline in digital payments while some witnessed a great boost in digital payments. With COVID-19, digital transactions became necessary and not just a convenient method of payment. Businesses and retailers who adopted digital transactions saw a spike in their business. The online retail industry witnessed huge growth and many businesses that only had a physical existence then switched to having their online store or platform.

 Opportunities of Increasing Digital Payments 

India has further opportunities that can increase digital payments. The digital transaction has increased by 55% since last year which is a big change! The increasing use of UPI and IMPS has been a huge part of the contribution to the change. Business owners and retailers are now adopting mainly digital methods of transactions for their customer’s convenience.

 The New Trends of Payments Methods 

The economy adopted new ways of payments such as QR codes, online transactions, mobile wallets, UPI, micro ATM, and AEPS. Before COVID-19, the use of these methods was not as much as it is now. A great shift was seen due to the pandemic and it continues to be growing. One of the leading applications used by retailers is Payworld, it helps them earn commission on every transaction they carry out via the app. Such applications empower small businesses and enable more people to make use of digital payment methods like AEPS, micro ATM, and UPI payments.

 Cash Payments Reduced Significantly

As both the business owners and the consumers started moving towards digital payments for all transactions, cash transactions were reduced. It helped businesses understand the convenience of digital and online payment methods. Managing cash was not an easy task, but digital payments have reduced the cost of cash management for retailers.

Enjoy the rummy game online which offers you the most exciting real time online rummy experience through it's free trusted and player friendly app. Touch Rummy is fun and entertaining. Download it today!

Get the best aadhar atm device which allows your customers to make hassle-free payments and secure withdrawals at the best price for your business. Take a step towards cashless economy and deal in digital transactions. Join us!

Get a best money transfer app which lets you send funds all over in India. Choose the instant of all the platforms to transfer your money without any hassles. Download the app now!

Payworld brings 'Malamaal Weekly' from December 2020 to March 2021. Start transacting now and get a chance to win Multimedia Speaker System. Celebrate this republic day with the payworld retailers. 

Get the best aadhar atm device which allows your customers to make hassle-free payments and secure withdrawals at the best price for your business. Take a step towards cashless economy and deal in digital transactions. Join us!