mPOS Terminals Market Will Record an Upsurge in Revenue during 2022-2029

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Rising Adoption of Digital Payments to Create
Staggering Tailwinds for mPOS Terminals
Market The digitization of payments, from cash
to electronic, has promoted the adoption of
advanced payment systems such as mPOS terminals.
A mobile point-of-sale (mPOS) is a dedicated
wireless device that performs the functions of a
cash register or electronic point-of-sale
terminal (POS terminal). Over the last decade,
both developing and developed countries have
witnessed the standardization of mPOS as the
card acceptance solution. Its feature to connect
smartphones or tablets with a mobile card reader
to enable smooth transactions has raised the mPOS
terminals to fame. Moreover, increased product
launches apropos to payment acceptance solutions
for mobile devices are instrumental in boosting
market growth. Paced demand for user-friendly,
faster, and scalable payment solutions in
businesses is leading the global mPOS terminals
market to maturity. Get a Sample Copy/Toc of
mPOS Terminals Market _at_ https//www.fairfieldmarke
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-toc Surge in Cases of Data Breaches and
Cyberattacks to Aid in mPOS Terminals Market
Expansion With the growing digitization, the
cases of data breaches and cyberattacks have also
significantly increased. As a result of this,
merchants are inclined towards cloud-based mPOS
terminals as it offers more security than
on-site-based terminals. It mitigates the risk of
fraud associated with credit cards by reducing
merchants' security liability and the chances of
cybercriminals performing data breaches. In
addition to this, it streamlines transactional
processes by providing multiple payment options
and automatically sending invoices via the
preferred method. This eliminates the need to
host and maintain an on-site server. Such a
scenario is expected to steepen the growth curve
for the global mPOS terminals market in the years
to come. Increased Competition Among Retailers
to Unlock Substantial Business Opportunities Onli
ne retailers are attracting customers with online
payments and automated invoice generation. To
keep abreast of market competition, various
physical brick-and-mortar stores are also
implementing advanced payment solutions including
mPOS terminals. The deployment of mPOS terminals
helps retailers manage their inventory and better
understand the sales performance of products.
Besides, these terminals enhance the shopping
experience for customers by providing them with
fast check-out and secure payment transaction
processes. That said, the mPOS terminals can
easily be integrated with reporting analytics,
loyalty programs, inventory management, CRM, and
e-commerce platforms. Analyzing these aspects,
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various players have surged the investments in
the domain. Owing to these trends, POS terminals
are adopting more secure payment methods, such as
EMV standards. These advancements are
fruition.
propelling the global mPOS terminals market to Do
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North America to Slate Dominance with Rising
Adoption of mPOS Terminal Among Small
Merchants The growing awareness of mPOS
solutions among smart merchants and its faster
adoption in the restaurant, retail and
hospitality sectors has fuelled the demand for
mPOS terminals in North America. The region also
has a network infrastructure that encourages the
implementation of the Internet of Things (IoT)
among different businesses. Since IoT enables an
organization to monitor and control its
activities, this in turn will benefit mPOS. These
factors are projected to propel exponential
growth across the mPOS terminals market in North
America. Leading Market Players Some of the
major players in the mPOS terminals market
include Castles Technology Co. Ltd., AURES
Technologies SA, Hewlett Packard Enterprise Co.,
Francisco Partners Management L.P., Fiserv Inc.,
NCR Corp., Panasonic Corp., PayPal Holdings Inc.,
PAX Global Technology Ltd., Newland Digital
Technology Co. Ltd., New POS Technology Ltd.,
Zebra Technologies, Shenzhen Xinguodu Technology
Co., and Oracle Corp. For More Information
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