Mobile Point of Sale Base Growing Rapidly in Developing Countries

Thursday, July 30, 2015

451 Research projects the global mPoS installed base will grow from 13.3 million units today to 54.03 million units in 2019. Diverse factors including enterprise deployments, expansion into new vertical industries and financial inclusion in developing economies will serve to increase the installed base at a 32% CAGR during the forecast period.

This forecast is from 451 Research’s newest Technology & Business Insight report, Mobile Point of Sale: Smart Devices Earn a Growing Share of Global Payment Acceptance. Analysts compiled the data using a bottom-up market-sizing breakdown, aggregating more than 75 individual vendor shipment estimates and including direct vendor input.

451 Research defines mPoS as a smartphone, tablet or other consumer-oriented mobile device that functions as a point-of-sale terminal and facilitates payment card transactions through a contact (e.g., audio jack, wired connection) or wireless (e.g., Bluetooth) connection to a card-accepting reader or device sled.

Source: Finextra (link opens in a new window)

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digital payments, financial services, mobile banking, mobile finance, mobile money