[…] Related to the above according to a recent report published by PYMNTs, 71 percent of merchants expect software-based solutions (SoftPOS) to replace traditional point-of-sale (POS) terminals. SoftPOS allows merchants to accept payments using smartphones or tablets, eliminating the need for expensive hardware. This shift is driven by the rise in contactless payments and the cost-effectiveness of SoftPOS compared to traditional systems. By 2027, the number of merchants using SoftPOS is expected to increase by 475 percent transforming the retail landscape. (Source: Pymnts) […]