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How popular is mPOS?

27 Sep 2022 By PAYCEC

A research conducted by Juniper Research has informed that the transaction value of Mobile Points of Sale (mPOS) is forecasted to exceed $1.9 trillion by 2024, up from $850 billion in 2019. And the most contribution of that number will depend on the ability to adapt to new services coming from SMBs, including pop-up stores and street vendors, etc.

The website also has another research on POS & mPOS Terminals: Vendor Strategies, Innovation & Market Forecasts 2018-2023, stating that the average cost for installing an mPOS device will decrease from $40 in 2018 to about $33 by 2023. This affordability feature, plus the simplicity and the convenience of the mPOS devices are expected to be the keys to make it more attractive to SMBs.

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