With a mobile point-of-sale (mPOS), users can accept credit cards on the move. This is an increasingly popular method of payment, which is convenient for both customers and business owners. It allows users to sell more products without being tethered to a counter or computer. And it is ideal for businesses that operate in remote areas. Its features include a contactless card reader and a product database, which make conducting business without physical contact a breeze.
Another benefit of mobile point-of-sale (mPOS) systems is that they can be part of a loyalty program. It stores information about customers and can be used to create personalized product recommendations and customized emails. With this feature, traders can track customer behavior, track employee productivity, and increase the likelihood of repeat purchases. Traders can even use mobile POS to manage stock.
The advantages of mobile point-of-sale (mPOS) are endless. But there is also a downside. Since the technology relies on mobile devices, they are prone to hacking. As the underlying hardware is standard, it is easily hackable, allowing hackers to steal sensitive data. This is especially true of mPOS systems. And since they can be installed in as little as 5 minutes, they are also an attractive option for small business owners.
A mobile point-of-sale (mPOS) system is portable and works with several devices. Its software and hardware are designed for mobile use, and do not require a fixed location. Instead, the mobile POS system is installed on a tablet or smartphone, and can serve customers anywhere they may be. A mobile POS system can even be used to process credit card payments. For instance, in May 2022, Zebra Technologies, a U.S. firm focused on developing mobile point-of-sale (mPOS) models, launched the TC53/TC58 mobile computing series, an advanced mobile solution developed for front-line workers.
As per report published by Coherent Market Insights,, global mobile point-of-sale (mPOS) market is estimated to have volume of 200.77 Million Units in 2021 and is expected to exhibit a CAGR of 46.7% over the forecast period (2021-2028).
The mobile point-of-sale (mPOS) systems are an excellent solution for businesses that operate from various locations. Since they do not require a fixed location, they can be used for any type of payment processing. These systems are ideal for traveling businesses, special events, and mobile business models. MPOS systems make it easier for employees to engage customers and conduct transactions even when they’re away from the store. Additionally, they allow them to search inventory or place an online order on the spot.