Javelin Strategy & Research has released a report, ‘Mobile Point of Sale (POS) Business and Market Impact 2013’, which explores mobile POS merchant marketplace and presents comparisons of 14 selected leading solution providers in the space. The report also explores provider strategies, best practices and recommendations to capture and expand market share.
As smartphones and tablets become increasingly cost-effective and powerful, mobile POS (point of sale) acceptance is posing a growing threat to traditional terminal-based solutions and vendors. Mobile POS provides all the existing functionality of a terminal with platform-specific benefits, including lower hardware costs, portability, and an improved user interface along with lower processing fees and easier application processes. Mobile POS has the capacity to attract all merchant tiers: from small self-employed cash-only vendors to the largest big-box U.S. retailers.
Mary Monahan, Executive Vice President and Research Director – Mobile at Javelin Strategy & Research commented: “The new mobile POS players pose a threat to the traditional POS terminal and acquiring businesses, which must adapt, invest, or acquire. Vendors need to stay informed on competitor moves and react immediately to pricing or feature changes to remain relevant and competitive in today’s dynamic POS environment.”
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