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What is POS and mPOS systems?

27 Sep 2022 By PAYCEC

POS, short for Point Of Sale or Point Of Purchase, is a place where the customer executes the payment for what they have purchased for the merchant. The POS transaction may be conducted in person or online, by cash or bank transfer.

An mPOS, or mobile Point Of Sale, is a POS system that is made to enable POS on mobile devices. Compared to the traditional POS system, the mPOS is smaller, cheaper, simpler and faster to process payment, and can be fit in the user's pocket for them to get paid anywhere at any time.

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