Mobile Point-of-Sale Transactions Poised for Significant Growth
Mobile Point-of-Sale (mPOS) transactions are projected to nearly double globally, soaring from $2.7 trillion in 2025 to an estimated $4.9 trillion by 2030. This substantial growth, according to Juniper Research, is primarily driven by two key factors:
Shifting Retail Landscape & Emerging Market Adoption
Firstly, retail stores are evolving, leading to a shift away from traditional fixed point-of-sale terminals in favor of more flexible mPOS solutions. Secondly, there’s a significant increase in card acceptance within emerging markets.
mPOS vs. Soft POS: A Key Distinction
While Soft POS—where a smartphone or tablet directly accepts contactless payments—is experiencing dramatic growth, mPOS is expected to remain resilient. This is because mPOS offers dedicated hardware, making it a more suitable and robust solution for traditional retail and hospitality settings.
Driving Card Payments in Emerging Markets
Juniper Research specifically highlights the role of mPOS in expanding card payments in emerging markets, particularly across Africa.
Click here for more on Finance and Investing
