PIN on Mobile: Next Generation mPOS
PIN on Mobile is poised to become the mPOS solution of choice.
The mPOS landscape has changed considerably since its inception in 2012. The market has experienced consistent growth and this is expected to accelerate as vendors, Payment Service Providers (PSPs) and regulators look to satisfy the requirements of an expanding user demographic. mPOS solutions have undergone significant evolution, progressing from low tech, low cost swipe dongles, to devices that closely resemble POS terminals supporting EMV and PIN authentication to combat rising fraud levels.
This transformation has introduced significant costs, almost to a point that mPOS card acceptance solutions are no longer affordable for many small retailers and micro-merchants in both developing and developed economies.
The following report explores how PIN on Mobile will overcome these barriers to adoption and subsequently benefit the entire mPOS value chain. In summary: reduced cost and complexity will promote global card acceptance previously restricted by traditional hardware-based solutions.