We outline the market outlook for mobile point-of-sale for vendors in the payments space — from investment trends, to leading companies, to recommendations for players in the space.
What is mobile POS?
Mobile point-of-sale (mPOS) companies are creating software or portable points-of-sale that enable a smartphone or tablet to function as a cash register. Businesses can receive payments instantly by downloading a mobile app that connects a smartphone or tablet to a card reader. Some mPOS systems automatically flag when inventory is low, reducing the manual labor needed for inventory management.
mPOS tech is ideal for businesses on the go that want to accept a variety of card types, including contactless, magstripe, and chip-and-PIN cards. Some also accept e-wallets. mPOS solutions allow businesses to accept payments anytime, anywhere, and provide their customers with multiple payment options.
Features & capabilities
mPOS provides vendors in the payments space with several capabilities and tools, including: