The Nasdaq listed company is planning to establish a subsidiary, Lipman India, in the second quarter of this year, to cater to the Indian market. Most of the Indian orders are for NURIT 8320, NURIT 2085 landline and NURIT 8010 GPRS and WIFI terminals, it said. Lipman develops a variety of handheld, wireless and landline POS terminals, electronic cash registers, retail ATM units, PIN pads and smart card readers, integrated PIN and smart card (chip & PIN) solutions. It also develops advanced software platforms for transaction processing, and managed professional services such as on-site and call-center support. The evolving electronic payment market in India represents a significant opportunity for Lipman to provide its solutions not only to the banking sector, but also to multiple government-driven projects and the cellular industry, Lipmans Vice President for marketing and sales, Lazy Yanay said in a recent press release.
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