Mobile-point-of-sale (mPOS) is a revolutionary technology as it frees all the merchants from their brick-and-mortar locations and in-store payments. It liberates them to go to various places like concerts, trade shows, food trucks, and many other where they can seamlessly accept payments from their customers.
Not only that, but the mPOS technology also makes a huge difference in the payment process of a store by making it more streamlined and flexible by replacing the central checkout areas with sales staff equipped with mPOS devices.
mPOS is surely going to be trending digital payment technology and stats suggest the same. As per Global Market Insights, mPOS will have a CAGR of 19% (approx.) between 2020 to 2026.