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What are mPOS in marketing?

27 Sep 2022 By PAYCEC

As a payment acceptance system for mobile devices, mPOS plays an important role in attracting and keeping loyal customers for the business. It is because mPOS offers a more cost- effective, more affordable price of installation and execution, more convenient ways to get paid right on the spot features to business owners.

In addition, mPOS is also the trend nowadays since 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. Smaller, cheaper, accessible to anyone at anywhere, the mPOS now is expected to replace the traditional POS system in the near future.

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