Mobile Point of Sale (mPOS) technology represents an exciting opportunity to streamline payments, refine the way Merchants operate and improve Card Member experiences.
Every day merchants seek better ways to grow their business and improve efficiency. Similarly, consumers are eager to try new tools that make life simpler, whether they’re connecting with family and friends or making purchases. mPOS Card readers are a use of technology familiar to Merchants and consumers, and create a flexible payments mechanism.
Revenue amount mPOS market is projected to grow by 2024.
Source: “Mobile Point-of-Sale Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024”, Transparency Market Research
Utilizing an approved mPOS Card reader, merchants can leverage smartphone technology to accept Card payments and provide additional services to its customers: