According to the latest data from 451 Research, in 2019, the global mobile POS will increase by 4 times, the number will increase from the current 13 million to 54 million, reaching an annual growth rate of 32%, and the market will continue to grow in the future. . Why mobile POS will have such a big market, then Yinsheng pays for you one by one.
Reasons for the growth of the mobile POS market
Yinsheng Payment believes that there are several important factors that drive the rapid growth of mobile POS.
The development of the mobile network era and the growth of a large number of mobile phones for mobile POS have provided the possibility of development from the software level and the hardware level. In the past, due to the underdeveloped network, consumers pay a single way, traditional POS credit card consumption has become the payment method of ordinary people (603883, shares) daily consumption, pos machine after nearly 20 years of development, consumer habits have slowly In the past few years, with the increasing consumption scenes, mPOS has won the favor of merchants with the advantages of light weight, convenience and low price. mPOS satisfies the current situation of emerging markets to a certain extent and satisfies the commercial needs of bank card payment. It can be said that mPOS is a good over-provision. â€
On the other hand, in some developed markets like the United States, mPOS can complement traditional POS. In the past, we only saw mPOS in some very small retail stores, but now this situation is slowly changing, and mPOS is being applied in more other industries.
Will mPOS replace traditional POS in the future?
Yinsheng Payment believes that in some emerging companies, mPOS has the opportunity to replace traditional POS, because traditional POS is not so attractive in these emerging companies. But in other industries, especially in some traditional industries, mPOS does not completely replace traditional POS but a complementary form.
A senior analyst believes that the Asia Pacific region will become the world's largest mPOS market by 2019. In the Indian e-commerce market, the cash on delivery approach still occupies a very important position. In the next few years, the development of mPOS will completely open the door to e-commerce bank card payment.
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