Consumers around the world are showing increased interest in contactless payments, with 75 percent of United Arab Emirates (UAE) consumers expressing trust for contactless cards and 82 percent trusting mobile wallets. The U.S. could be joining that trend, as consumers become more familiar with the tech, such as from using it in public transit settings.
The July mPOS Tracker™ explores the latest merchant efforts to keep up with changing customer payment preferences and to cater to them through cost-efficient, mobile point-of-sale (mPOS) solutions.
Around the Mobile Point-of-Sale World
Reliance Industries is entering the competition to become the mPOS provider of choice for India’s mom-and-pop kirana stores. Reliance launched a device that runs on its Jio brand’s 4G network and the move pits Reliance against several other mPOS providers.
Solution provider Volly also launched a new mPOS app focused on serving loan officers. The tool enables officers to track loan statuses and to initiate relationships with prospective borrowers, even when encountering the borrowers outside of the office.
American supermarket operator Albertsons is testing whether equipping staff with mPOS devices can speed up its checkout. The devices enable staff to handle customer payments from anywhere in the store, and a separate tool helps staff scan the items in the carts of shoppers who are waiting in traditional checkout lines, thus allowing customers to go straight to paying once they reach the register.
Find all the latest headlines in the Tracker.
How mPOS Keeps Summer Festival Sales Booming Year After Year
Nearly 50,000 consumers descend on Southport, North Carolina, each year for its massive Fourth of July festival. Food and craft vendors potentially miss out on seizing critical revenue if they can’t make card payments quick and convenient at summer events, creating a need for simple, straightforward mPOS solutions.
In turn, mPOS providers compete to serve these businesses. But how do they know what these small vendors really want? In this month’s feature story, Kris Naradzay, owner and artist at Kris Krafts, and Cherrette Jupiter, baker and owner at Jupiter Pies, explain why transparent fee structures may be the most important mPOS feature of all.
Read all about it in the Tracker.
Restaurants Tap mPOS to Keep Table
s Turning
As they seek to better compete for consumers’ food dollars, restaurants are looking to make in-house service faster and more robust by turning to technologies like mPOS for help. The portable devices can enable waitstaff to send orders to the kitchen and take payments right at the table, without making trips back and forth, as well as provide servers with more up to date menu information and other supports.
This month’s Deep Dive examines the areas where mPOS can remove restaurant service frictions, as well as how different food businesses like full-service restaurants and food trucks can find the solution to suit their needs.
Find the full story in the Tracker.
About the Tracker
The monthly mPOS Tracker™, powered by Mobeewave, is your go-to resource for staying up to date on mPOS news and trends. It highlights different stakeholders’ contributions, including the institutions and technology that come together to make mPOS solutions happen.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
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