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Mobile Point of Sale (mPOS) technology represents an exciting opportunity to streamline payments, refine the way Merchants operate and improve Card Member experiences.
Every day merchants seek better ways to grow their business and improve efficiency. Similarly, consumers are eager to try new tools that make life simpler, whether they’re connecting with family and friends or making purchases. mPOS Card readers are a use of technology familiar to Merchants and consumers, and create a flexible payments mechanism.
Revenue amount mPOS market is projected to grow by 2024.
Source: “Mobile Point-of-Sale Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024”, Transparency Market Research
Mobile Point of Sale solutions have evolved over the years from hardware / software hybrids to now software-only—which represents an exciting time for Merchants. Software Point of Sale, or SoftPOS, enables a Merchant to quickly download an app, and in minutes they’re able to accept contactless payments on their mobile phone or device—without the need for additional hardware. Customers can tap their contactless Card or phone on a Merchant’s device and pay in an instant. It’s a game changer in a world where cleaner, touch-free payment methods are imperative.
Utilizing an approved mPOS Card reader, merchants can leverage smartphone technology to accept Card payments and provide additional services to its customers:
American Express can put you in touch with providers who offer a variety of mPOS solutions to meet the unique needs of Merchants.
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