The installed base of mPOS devices is set to increase fivefold over a five-year forecast period, reaching the 51 million mark in 2019, or 46% of the overall POS. The increase in uptake is not just being driven by micro-merchant adoption, as mPOS vendors are increasingly focused on mPOS penetration higher up the value chain.
South Africa’s ABSA bank has announced the launch of its Payment Pebble, a device that allows businesses and vendors to accept card payments through a smartphone. The device allows businesses to accept chip-and-PIN and magstripe-and-PIN payments from Mastercard and Visa cardholders. “The Payment Pebble is a compact, mobile device that simply plugs into the audio
Ingenico a provider of payment solutions, announces that its affiliate ROAM, a mobile commerce platform provider, has announced that EVO Payments International (EVO), a leading payment service provider operating in the United States, Canada and Europe, will leverage ROAM’s platform to extend its full range of electronic payment service offerings to include mobile point of
As the mPOS customer moves upmarket, developed countries are embracing tablets as a substitute for traditional POS systems. This trend is offering merchants a digital payment option wrapped around target offers as well as data solutions that improve customer loyalty and enhances data assets. Conversely small merchants in emerging markets looking to expand their customer
ROAM, an Ingenico company and mobile commerce platform provider, has expanded its mPOS solutions to include chip & PIN acceptance with the RP750x mobile card reader. This new cloud-based solution is fully compatible with ROAM’s mobile commerce platform, making ROAM the leading mPOS solution provider supporting new mPOS players with all mobile card acceptance types:
January’s edition of the mPOS Tracker highlights three particular developments as the mPOS market rolls into 2014: (1) mPOS continues to expand internationally, particularly in emerging markets, (2) mPOS is the number one priority for merchants ranking even higher than security; and (3) receipts have the potential to become an important marketing channel for merchants. The January 2014
On Track Innovations Ltd. (OTI) a provider of secure cashless payment solutions based on contactless transactions and near-field communication (NFC), announced that its OTI WAVE technology has been certified for inclusion in Visa’s Compliant Products List. The OTI WAVE is an NFC add-on for smartphones, tablets and PCs. The OTI WAVE is the industry’s first
Emerge Mobile, a South African based technology company specialising in the mobile point of sale (MPOS) payments space, has achieved Payments Council International Payment Terminal Security (PCI-PTS), and Europay, MasterCard and Visa (EMV) Level 1 and 2 certifications for its MPOS payment card acceptance solution. This is the first time a fully South African designed,
One year ago, in November 2012 iVeri announced the launch of mPress, a comprehensive MPos product for Financial Institutions. When MPress was deployed by a customer in February 2013 it was the first MPos deployement in Africa and one of the first worldwide. The team at iVeri are very proud that one year after the
Banks and financial institutions globally need to develop mobile point of sale (MPOS) strategies now, as major high street retailers begin to use MPOS solutions to reinvent their in-store shopping experience. This is the view taken by the global bank-driven business association, Mobey Forum, in the second in a series of white papers focusing on
