Due to technical advancements in payment technologies and the move toward Euro pay/MasterCard/Visa) chip card reimbursement, the global market for mobile point-of-sale systems is anticipated to experience exceptional growth. The mPOS (Mobile Point of Sale) system is intended for mobile devices with integrated POS functionality, such as tablets and smartphones. Through the use of dongles or sleeves, this specialised mobile equipment can also be converted into compensation terminals. These come with features including Voice over Internet Protocol (VoIP), Smartcard, Wi-Fi, and Radio Frequency Identification (RFID). Additionally, mobile POS terminals are used to manage inventory and assets, send and receive bills, dispatch digitised notes, and collect signatures at certain counters. These features enable mPOS terminals to accept payments through wireless applications even when they are made at a distance.
The mobile proximity payments market's dynamics have evolved as a result of mobile point-of-sale (mPOS). Large retailers are increasingly utilising mPOS to enhance customer convenience and in-store buying, as well as to give their field sales representatives integrated payment options. The mPOS industry is being driven by an increase in smartphone usage, a sizable base of SMEs and micro-merchants, and an expansion of card users as a result of numerous government and bank programmes encouraging card adoption.
Global mobile point of sale (POS) market- Segmental analysis
By Component
- Hardware
- Software
- Services
By Solution Type
- Integrated Card Reader Solutions
- Card Reader Accessories
- Dongles
- Sleeves
By Technology
- Hybrid Technology Solutions
- EMV Chip and Pin
- Magnetic- Stripe
- Chip and Sign
- Near Field Communication (NFC)
- Biometrics
By Connectivity
- 3G/4G/5G
- Wi-Fi
- Bluetooth
- Others
By Enterprise Size
- Large Enterprises
- Small Medium Enterprises (SMEs)
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Top Key Players:-
- Citizen Systems Europe GmbH
- Dspread Technology, Inc.
- First Data Corporation
- Hewlett-Packard Development Company L.P.
- Ingenico S.A.
- Intuit, Inc.
- Zettle
- Oracle Corporation (MICROS System, Inc.)
- Pax Technology Ltd.
- Paypal Holdings, Inc.
- Posiflex Technology, Inc.
- Recruit Holdings Co., Ltd.
- Square, Inc.
- VeriFone Systems, Inc.
- Zebra Technologies Corp
- Shenzhen Xinguodu Technology Co., Ltd
- Diebold Nixdorf
- Fujian Newland Payment Technology Co., Ltd
- BBPOS Ltd
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Frequently Asked Questions (FAQ):
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