The Mobile POS: Hype to Reality study revealed that the increasingly popular use of tablets and other mobile devices has led 28% of North American retailers to decide to adopt Mobile POS in some form by the end of this year.
Despite this, 33% of those questioned do not plan to adopt Mobile POS at all within the next 3 years, which suggests that retailers are being realistic about their capabilities.
Greg Buzek, president of IHL Group, commented: “Mobile POS continues to receive a lot of hype, and some specific announcements have received a lot of press.
“But the vast majority of retailers are taking a slow and methodical approach to the use of mobile for POS. There are key operational issues in device and merchandise security, cash handling, payments, bags, customer service levels and traffic flow that must be worked through, or the use of the devices will be disruptive in a negative way for retailers.”
In another big deal for the global payments industry this week, credit card firm Visa has inked a partnership with digital payments processor PayPal.
The five fintech startups joining credit card company’s Capital One’s new fintech accelerator in Nottingham have been named, including Credit Kudos, Multisense, Pariti, Warwick Analytics and WealRo.
Europe continues to see rapid adoption of emerging payment technologies as consumers in digitally savvy countries like Sweden and the UK continue to drive adoption of methods like contactless across the region. In our latest infographic we take a look at what the latest numbers tell us about the evolution of payments in the region and what they tell us about the future of cash, cards and contactless.
According to new research commissioned by global payments provider TNS, more than a quarter (28%) of people aged 25 to 34 have already made a biometric payment, and are leading the way in the take up of this new technology.