MPOS Tracker

TRENDING: Can mPOS Solutions Win Over Cash-Centric Merchants?

Players in the mobile point-of-sale (mPOS) space are focusing on catering to payment needs of small- to medium-sized businesses (SMBs). Efforts range from Mobeewave’s collaboration over an in-person contactless payment solution for small merchants in the UAE to myPOS’ efforts to steer taxi drivers away from cash and onto its card-accepting mPOS. In the July mPOS Tracker™, PYMNTS explores all the latest initiatives.

Around The mPOS World

When it comes to achieving those initiatives and others, some mPOS players have decided not to go it alone. Companies are turning to new allies, acquisitions and partnerships to enhance their offerings and win over new customers.

TSYS, for one, is following up last year’s Cayan acquisition with the purchase of iMobile3. The latter is a small business solution provider, offering table and mobile POS products. According to TSYS, the move is intended to bring new payment offerings to current customers and draw in new SMB clients.

Mobeewave, too, is expanding reach to small merchants and doing so with the help of other players in the space. The company is working to make its first Middle Eastern debut with a contactless payment-acceptance platform, developed in collaboration with Network International, Mastercard and IDEMIA.

Hotelogix, a cloud-based property management systems provider, is also joining the trend  thanks to a new deal with Airpay Payment Services. Hotelogix will deploy Airpay’s end-to-end hotel payment offering, in a move intended to enable hotel clients to centralize their payment processes and use the same tools for accepting and processing payments, regardless of whether they’re made through online travel agents, websites or a mobile terminal at the hotel during checkout.

A Taxi-Tailored Solution

While Hotelogix and Airpay focus on smoothing hotel payments, others are focused on catering to the payments challenges of the taxi drivers who work to transport guests to hotels and other locations.

In this month’s feature story, Director of myPOS Irfan Rasmally discusses the settlement delays and other challenges that often deter taxi drivers from accepting electronic payments. He explains to PYMNTS how mPOS providers can address those issues and serve taxi industry-specific needs, with features like instant settlement, multi-operator identity codes and others.

To read the full story, download the Tracker. 

About the Tracker

The mPOS Tracker™ is the go-to resource for staying up to date on a month-by-month basis. The Tracker highlights the contributions of different stakeholders, including institutions and technology coming together to make this happen.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.