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The mPOS space has been one of the fastest growing and most exciting sectors in payments since 2012, moving into global markets, offering increased value-adds and expanding with an ever-evolving cast of players. Examine this transition in detail with a new PYMNTS.com Infographic that illustrates the names and numbers you need to know.
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PLAYERS IN THE mPOS SPACE
TYPES OF MERCHANTS
of North American retailers plan to adopt Mobile POS
of small and medium- sized businesses accept payments with a mobile credit card reader,
of larger retailers suggest that
in 3 years, Mobile POS will
serve as additional transaction
points in their stores, rather
than as replacements for
traditional fixed POS stations.
mPOS will Replace existing POS in some large retail and many small and medium sized businesses.
The Mobile POS market will surpass
$2 BILLION in hardware/software sales in North America in 2013
of businesses plan to add capability within the next year.
HOW POS WENT MOBILEA YEAR IN REVIEW
Square on track to process $15 BILLION ANNUALLY
SQUARE STAND LAUNCHED
28%
16%
USE CASES ENABLE CARD PAYMENTS
85%
TYPES OF SOLUTIONSENABLE PAYMENT ACCEPTANCE
GEOGRAPHIES
Loyalty and Marketing programs
19 Million US merchants don't accept electronic payments. That’s a $1.1 trillion market opportunity. Mobile point of sale terminals increased more than 100% from 2011 to 2012 worldwide.
= 1 Million
Brought to you by:
Restaurants and Bars
Major Merchants and Retailers Office Depot, JC Penny, Urban Outfitters. Nordstrom has deployed over 6,000 mPOS throughout 117 full line stores
Continued development in these countries, additional players enter the market. Swiff partners with Affinitas to launch mPOS in Mexico.
Network that serves both the merchant/SMB and consumer
Invoicing
Send receipts
Security encrpytion
Square on track to process $10 BILLION ANNUALLY
Danish mPOS Wallmob gets $1.2 MILLION in seed funding for iPad stand
PayPal launched Beacon
ROAM announced partnership with Merchant Warehouse
Small merchants (IE fitness center, salon)
Mobile salespeople
Independent sellers (Farmers Markets, personal trainers)
Micro Merchants
QSRs and medium sized restaurants
40%
Enable Payment
acceptance
Line busting, inventory
management and retail floor support
Mexico iZettle in June
South Africa Nedbank mPOS
launches in South Africa
India Ezetap launches.
It’s the first mPOS in India
Latin America Payleven expands to new countries
and lands in Brazil
ROAM launches ROAMPAY X4 and RP350x
The company has shipped roughly 2 MILLION READERS since 2009.
SUBWAY announces they will leverage ROAM’s mPOS solution to provide its franchisees with business continuity, new revenue streams and the opportunity to extend its brand reach beyond the store.
Checkout function, sales reps with mobile devices
Centralized Technology Platform 2/3 of have indicated that they've implemented or planing to implement mPOS
Out of Store merchant solutions, home services, delivery and direct selling
