USA Leads mPOS Marketplace, States Timetric in Its Report Available at MarketPublishers.com
04 Jul 2016 • by Natalie Aster
LONDON – mPOS used to be mainly reliant on simple magnetic stripe cards readers before EMV standards were implemented. Some countries continue to use mPOS which offer a significant cost advantage if compared to conventional POS. EMV mPOS devices are much more expensive than mag-stripe dingles. Their costs are up to ten times higher than the ones of the dongles. That is why low-income merchants rarely choose them for their operations.
mPOS can be useful to retailers since they enable their owners to better adapt to seasonal peaks given their flexibility in terms of deployment and activation of terminals if compared to conventional POS.
Customisation of mPOS seems to be not very appealing to large merchants since the latter ones can afford developing tailored solutions relying on conventional POS.
Currently, the US holds the largest share of the global mPOS marketplace in terms of the number of active devices and transaction value.
Topical research report “Insight Report: Mobile Point of Sale – Global Market Size, Composition, Trends and Outlook” drawn up by Timetric offers an insightful guide to the global mPOS marketplace. The study covers evolution of such points of sale and their adoption into the payment system.
It sheds light on the current payment system structure and evaluates the impact mPOS had on it. The report explores major challenges merchants have to cope with in terms of mPOS adoption. The research study limelights different business models existing in this space and discusses the role card issuers play in facilitating the adoption.
The research report also explores future options this market has. The study also covers the competitive landscape by sharing with a reader details on such players as Verifone, Powa Technologies Ltd, Miura Systems Ltd, and more.
- detailed overview of the market;
- insightful coverage of adoption trends;
- discussion of factors impacting the adoption;
- information on major trends and development;
- investigation of the competitive landscape;
- players’ profiles;
- strategic foresights;
- and more.
Other studies by our market research partner are available at Timetric page.