Mobile Point-of-Sale (mPOS) Market, By Solution Type (Integrated mPOS Solutions, Card Reader Accessories (Dongles, Sleeves)), By Technology (Hybrid Technology Solutions, EMV Chip and Pin, Magnetic-Stripe, Chip and Sign, NFC, Biometrics), By End-use (Restaurant, Hospitality, Healthcare, Retail, Warehouse/Distribution, Entertainment, Transportation (Public Transit, Others), Government, Consumer Utility Services), By Region (China, India, Brazil, Mexico, Rest of the World (RoW)) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

 

The mobile point-of-sale (mPOS) market is rapidly expanding and is likely to continue growing in the future years. Small and medium-sized businesses can take card payments using mPOS technology instead of a traditional point-of-sale system. The increasing adoption of mobile devices, the growing demand for contactless payments, and the necessity for cost-effective and efficient payment processing solutions are all factors driving the growth of the mPOS market.

The increasing popularity of mobile devices like as smartphones and tablets is one of the primary drivers of the mPOS market. These devices have become an indispensible part of our everyday lives, and businesses are utilising them to manage operations and engage with customers. With the increase.

The increased need for contactless payments is another element fueling the growth of the mPOS market. Because individuals want to avoid touching shared surfaces, the COVID-19 pandemic has hastened the spread of contactless payments. Because they can accept payments via mobile wallets like Apple Pay and Google Pay, as well as contactless credit and debit cards, mPOS devices are ideal for contactless payments. This has created a substantial opportunity for mPOS suppliers to extend their capabilities and benefit on the contactless payment trend.

Finally, the demand for cost-effective and efficient payment processing solutions is propelling the mPOS industry forward. Conventional point-of-sale systems can be costly and time-consuming to install and maintain, especially for small and medium-sized enterprises. mPOS systems provide a more convenient method of payment.