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Recently, according to a latest report from BusinessWire, the global mPOS market has a compound annual growth rate of 50% in 2016-2020. The growing mobile payment is the main driving force for this market growth.
With the popularity of the mobile Internet, the process of using mPOS by users will be more convenient. In addition, on a global scale, tablets and mobile phones can also be integrated into the retailer system.
Yinsheng Payment believes that the development of payment terminals and the ever-changing communication technologies go hand in hand, not only in terms of convenience, processing speed, and settlement functions, but also opening up a new development path of “mobile terminal POSâ€. Yinsheng paid the launch of the collection artifact mPOS is born in response to the trend.
Yinsheng Payment launched mPOS in the first half of this year. Merchants installed a “banking pass†app on their smartphones and used communication technology to connect mobile devices with external card readers to create a new payment acceptance terminal. It provides convenient and high-quality payment solutions for industries with strong mobile attributes such as logistics, insurance, rental, catering and entertainment.
The BusinessWire report points out that the growing cloud-based solutions are also the reason for the rapid growth of mPOS, which allows merchants to view customer and product data across platforms. The requirement for large amounts of data requires a more compatible mPOS to capture information such as payment preferences, purchase behavior, and the like. It also stores large amounts of data, and authorized personnel can access it anywhere in the world to accelerate the globalization of goods.
With the popularity of the mobile Internet, the process of using mPOS by users will be more convenient. In addition, on a global scale, tablets and mobile phones can also be integrated into the retailer system.
Yinsheng Payment believes that the development of payment terminals and the ever-changing communication technologies go hand in hand, not only in terms of convenience, processing speed, and settlement functions, but also opening up a new development path of “mobile terminal POSâ€. Yinsheng paid the launch of the collection artifact mPOS is born in response to the trend.
Yinsheng Payment launched mPOS in the first half of this year. Merchants installed a “banking pass†app on their smartphones and used communication technology to connect mobile devices with external card readers to create a new payment acceptance terminal. It provides convenient and high-quality payment solutions for industries with strong mobile attributes such as logistics, insurance, rental, catering and entertainment.
The BusinessWire report points out that the growing cloud-based solutions are also the reason for the rapid growth of mPOS, which allows merchants to view customer and product data across platforms. The requirement for large amounts of data requires a more compatible mPOS to capture information such as payment preferences, purchase behavior, and the like. It also stores large amounts of data, and authorized personnel can access it anywhere in the world to accelerate the globalization of goods.
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