01 September 2015
« All videos

Is the mPOS market too crowded?

19 August 2014 | 6011 views | 1

Balazs Fejes, SVP, global head of financial services business unit, EPAM Systems, discusses the mPOS market, what it will take for a player to succeed and how the proliferation of mPOS will affect payments processing and bank infrastructures.

Comments: (1)

Ritesh Agarwal - On My Own - Bangalore | 23 August, 2014, 07:48

Balazs has identified the right difference between PoS need and payment need of a merchant. Many companies are wasting their investors' money in devising a mobile based solution, which merges PoS and Payment needs. Hardware for PoS is usually a computer, whch is also used for other purposes like inventory management, vendor management, payroll processing while mobile based payment system ask for a different device. This is where the confusion starts...and we see foolish solutions like mPoS.

Can we have a payment mobile based payment mechanism that does not need any hardware or does not interfere with hardware need for PoS...and beats MDR far below what credit card companies may offer.

I just wish banks wake up to the need of the hour...

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
SunGard system glitch causes havoc for BNY...
6819 views comments | 14 tweets | 12 linkedin
MyECheck unveils mobile payments system
6570 views comments | 12 tweets | 2 linkedin
FIS opens Indian financial inclusion lab
6143 views comments | 14 tweets | 2 linkedin
Kenya's NIC Bank links to Twitter and What...
6010 views comments | 27 tweets | 15 linkedin
Wirecard bids for Worldpay - Bloomberg
5413 views comments | 10 tweets | 7 linkedin