The mPOS Revolution
Mobile point-of-sale (mPOS) devices have changed retail, and the industry will never quite be the same. What’s already a $26 billion market is predicted to grow at a rate of 18.8% through 2027. About 65% of retailers see mobile payments as a key strategic initiative, and, by 2023, one in four POS transactions will be made through mobile devices.
mPOS Is Fueling Non-traditional Retail
Using a smartphone, tablet or dedicated wireless device to function as a cash register or electronic POS terminal has streamlined the customer experience—speeding up service and reducing wait times. It also has made it possible for emerging enterprises–like food trucks, flea market and farmers’ market vendors, and itinerant home and repair services–to conduct business. These small business owners can now conduct retail transitions anywhere—without having to invest in an electronic register or pay to support the software.
Convenience and Affordability Are Key Advantages
mPOS technology is significantly less expensive than traditional POS and relies on cloud-based subscription models that require low initial costs and monthly maintenance payments. Even established businesses like chain restaurants, hotels and apparel stores can benefit from the convenience of mPOS. Sports stadiums and concert venues are quickly adopting it, too.
Ready to Join in?
To learn more about how mPOS is changing the retail industry—and the opportunities it affords your retail customers—download this infographic.
And to learn how Ingram Micro can help get you started, contact our mPOS experts at firstname.lastname@example.org.
This guest blog is part of a Channel Futures sponsorship.