Point-of-sale (POS) systems are used by businesses to processes payments from customers. While POS systems have been around for over a century, the use of mobile devices is changing the way in which they operate.
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A point-of-sale (POS) system is a terminal or device at which a transaction between a business and customer takes places. Also known as a point of purchase (POP) terminal, it's responsible for processing customer payments. Whether a customer pays using a credit card, debit card, cash or check, the business must process that customer's payment, which is where a POS system comes into play. Using this terminal, businesses can quickly and efficiently process payments made by their customers.
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In recent years, however, many businesses have switched to using a mobile POS system. Mobile POS systems provide businesses with an unparalleled level of flexibility and convenience by allowing them to process customer payments using their mobile device. Businesses must still need a safe in which to store cash and receipts, but a mobile POS allows them to process customer payments on the spot.
The 2018-2023 Global Smart Mobile POS Consumption Market report by Analytical Research Cognizance is a professional study of the global mobile POS market. Mobile POS systems differ from traditional POS systems like cash registers. As the name suggests, they involve the use of a mobile device, such as a smartphone or tablet computer. Small businesses can download mobile POS apps on their smartphone or tablet computer. Once downloaded, they can attach a card scanner to their device, allowing them to run customers' credit and debit cards while easily processing payments in the process.
Some of the key mobile POS vendors profiled in this report include Fujian Centerm, Ingenico (Landi), Newland Payment, PAX Technology, SZZT Electronics, Xinguodu, Verifone, NEWPOS, Smartpeak, Elo Touch, Clover Network, Justtide, Hisense and Wintec.
The Global Android POS Market Analysis…orecast 2019-2024 report by Analytical Research Cognizance is a comprehensive study of the global Android-based POS market. Not all mobile POS systems are used strictly on iOS devices. With Android dominating the mobile market, many mobile POS systems are available for Android as well. These Android POS systems work in the same way as their iOS counterpart. Businesses download the POS app to their Android device and install the card reader hardware, after which they begin to process customers' payments using their Android device.
This report segments the global Android POS market by several criteria. On the basis of geographic region, the market is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. On the basis of end-user application, the market is segmented into retail, restaurant, hospitality and others. On the basis of product type, the market is segmented into product and handheld.