But one technology that has made a huge difference is mobile point-of-sale (mPOS). According to a report by 451 Research, the global mPOS installed base will grow from 13.3 million units this year to 54.03 million units in 2019. A typical mPOS solution gives merchants the flexibility to accept credit card payments anywhere, anytime. They could be at a farmer's market selling baked goods, inside a retail store assisting customer check out, or finishing a construction project at a home.
Today's mPOS solutions come in a variety of different flavors, ranging from fully integrated to stand-alone solutions, and run on a variety of different devices, ranging from smartphones to tablets to wireless terminals. These mPOS solutions have many benefits.
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