The Ukrainian company CHM Software is successfully entering the European market with its Paykit POS system, starting from Lithuania. The company plans to expand to other EU countries and the world.
Expansion of Ukrainian business
Entering the EU market
On in the early fall of 2024, the Ukrainian POS system developer CHM Software took an important step in its development by entering the European Union market. The first country to adopt their Paykit product was Lithuania.
Partnership in Lithuania
In Lithuania, CHM Software found a reliable partner - the Čekis company, which specializes in the supply of equipment and software for the retail sector. This cooperation gave Paykit access to a large number of potential customers, and gave Lithuanian entrepreneurs the opportunity to modernize their cash register systems.
International expansion strategy
The cooperation model that CHM Software applied in Lithuania includes product adaptation to the local market and further technical support This strategy can become key for Paykit when entering the markets of other European and global countries. At the moment, the company is negotiating with potential partners in Latvia, Poland, Spain, Romania, Moldova and Kazakhstan.
About CHM Software
CHM Software is a Ukrainian IT company with 14 years of experience in software development for business The company offers three main products: Paykit, Chameleon POS and HOREKER, each of which targets different market segments.
Read also: Ukrainian start-up Aspichi entered the US market by partnering with Rocky Mountain Care
Glossary
- CHM Software - Ukrainian IT company, developer of POS systems
- Paykit - POS system developed by CHM Software
- Čekis is a Lithuanian company, supplier of equipment and software for retail trade
- POS-system - system of automation of trade (Point of Sale)
- EU - European Union, economic and political union of European states
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Discussion of the topic – Ukrainian POS system Paykit conquers the Lithuanian market: CHM Software expands horizons
Ukrainian IT company CHM Software has entered the Lithuanian market with the innovative Paykit POS system, collaborating with local supplier Čekis to expand its customer base and modernize retail.
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Olena
Wow, this is great news for the Ukrainian IT industry! 🚀 Paykit has every chance to become a real player on the European market. I wonder how they adapt their product for different countries?
Markus
I agree, Olena! Adaptation is key. I think they will have to take into account not only linguistic features, but also local fiscal requirements. But with 14 years of experience, they should be up for the challenge. 💪
Sophie
This is really impressive! 😍 It seems to me that the strategy of partnership with local companies is a very smart move. This will help to enter the market faster and better understand the needs of local customers.
Ivan
Guys, don't exaggerate. Another POS system, of which there are already many. Nothing new or revolutionary. All this has already happened and will happen. It would be better to focus on solving real problems, and not on creating another "innovative" product.
Lucia
Ivan, I understand your skepticism, but I disagree. Every new product is a potential opportunity for improvement. Paykit can bring fresh ideas to the European market. And competition always stimulates innovation! 🌟
Markus
Lucia is right! In addition, the entry of a Ukrainian company into the international market is not only about the product, but also about the reputation of our IT industry as a whole. This opens the door for other Ukrainian developers. 🚪🌍
Olena
Totally agree with Markus! And one more point - Paykit plans to enter the markets of Latvia, Poland, Spain... This shows their ambitions and growth potential. I hope they can compete with the local giants! 💼🏆
Sophie
It would be interesting to learn more about their other products - Chameleon POS and HOREKER. Perhaps they also have the potential for international development? 🤔 In any case, I wish CHM Software success in the new market! 🍀