New report outlines state of mobile point of sale (MPOS) solutions by segment, and expected next steps driving the growth of electronic transactions
The POS terminal space is experiencing big action. Mobile point of sale (MPOS) has become an essential solution for acquirers to meet merchant demand for digitization of the store, mobile use, and customer-focused solutions. In a new Impact Report, The Global Evolution of Mobile Point of Sale: Adoption Drivers, Segmentation, and Future Potential, research and advisory firm Aite-Novarica Group provides an understanding of the state of MPOS implementation by segment and the anticipated evolutionary path of MPOS worldwide.
“SoftPOS is expected to be the next step in the evolution of POS solutions,” said Ron van Wezel, Strategic Advisor at Aite-Novarica Group and author of the new report. “Hardware will become less important than applications, and software-only POS—or SoftPOS—solutions are an augmentation rather than a specific replacement to traditional MPOS systems.”
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Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.