The installed base of mPOS devices is set to make up to 46% of all point-of-sale terminals in circulation by 2019, according to forecasts by ABI Research.
It is a great time to be in the payments business. Lots of change and uncertainty will only make the consumer value proposition stronger in the end! I agree there will be a lot of fallout in the next 5 years. Those companies that have capital and can create
value for consumers and the retailers will WIN. There are a lot of disrupters that we think are really COOL, but in the end they are probably at the highest level of risk of failure since their value propositions will not stand up to the realties of the marketplace.
The authors have clearly never visited Asda on Saturday afternoon. M-POS has plenty of uses but the form factor (two devices, small buttons etc) doesn't work in most retail applications.
I agree with Geoffrey: Apple uses mPOS too, but it's a different animal. One must not confuse a dedicated application-specific tool with a dongle...
to £85k base, double OTE, benefitsLondon, UK
© Finextra Research 2014