Category: Mobile Payments

The Report “Global Mobile POS Systems Market 2015-2019” has been prepared on the basis of an in-depth Mobile POS Systems Market 2015 analysis with inputs from team of industry experts. Global Mobile POS Systems market to grow at a CAGR of 9.6% over the period 2014-2019. It Includes Mobile POS Systems Market growth prospects along with market landscape in upcoming years. The report also covers discussion on the key vendors operating in the Mobile POS Systems Market Space.

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A mobile POS refers to an electronic payment system that transfers funds using credit and debit cards at POS terminals located at retail outlets. Mobile POS systems are equipped with features such as Wi-Fi, RFID, VoIP, and smart card capabilities. These systems are highly versatile and are used primarily as data devices. In addition, they are used for sending digitized notes, checking prices, writing reports, sending and receiving invoices, capturing signatures, and managing assets at retail stores. The above mentioned functions can be used to exchange data within a store or other out-of-store locations through wireless applications. Mobile POS systems are also being used to send and receive faxes through emails (known as internet fax service). Mobile POS systems can also be coupled with Bluetooth-enabled printers to enable line busting for faster checkout during heavy traffic at retail stores. Thus, mobile POS systems help retailers to provide value-added services, with the requirements of speed and accessibility being accomplished.

Mobile POS Systems Market 2015 Global Trends, Market Size, Share, Price, Segmentation, Research Report and Forecast 2015-2020.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Global Mobile POS Systems market for the period 2014-2019. The report covers the entire range of mobile POS systems used in the following end-user segments:

BFSI Sector
Government Sector
Hospitality Sector
Retail Sector
Transportation Sector

The report Mobile POS Systems Market Industry provides a comprehensive analysis of the Mobile POS Systems Market.This report also includes detailed segmentation of the Mobile POS Systems Market. The leading sector, emerging sectors, along with their growth statistics have been mentioned in the report.

After a deep overview of the Mobile POS Systems Market, the report analyzes the market dynamics. This report also include the top drivers supporting market growth as well as the key restraints hampering market growth.

Additionally, the report also states the threats ass well as opportunities that companies in the market need to look out for. The most influential trends that will shape the market during the forecasting horizon are also covered in this report. Current market development trends like a partnerships, collaborations, M&As etc., have also been discussed in detail in the report.

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Players in the Mobile POS Systems Market are aiming to expand their operations to emerging regions. An in-depth supply chain analysis in the report will give readers a better understanding of the Mobile POS Systems Market.

Key Market Drivers

Increased Need for Mobility by Merchants
Increased Footfall in Retail Outlets
Proliferation of Non-cash Payment Methods
Increased Adoption of EMV Cards
Need for Effective Information Management

Key Market Trends

Increase in Penetration of Mobile Computing Devices
Increase in Penetration of NFC Technology
Increased Awareness about Mobile Wallet
Stringent Regulations for Secure Payments

Important Questions Answered in report:-

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China is becoming an attractive mobile payments market for Apple

Apple is looking to bring its new mobile payments service to China, which has become a very powerful mobile shopping market. The company has officially launched Apple Pay in the United Kingdom, hoping for the country to be the first success in its gradual progression into other countries with its mobile payments plans. Apple has been considering breaking into the Chinese market since May of this year, when the company began speaking to Alibaba and several Chinese banks.

Apple may soon begin to compete with Alibaba

Earlier this year, it appeared that Apple had intended to partner with Alipay, Alibaba’s mobile payments unit. No official announcement have been made to this effect, however, and Apple may opt to partner directly with banks instead, which may be quite complicated. Alibaba will be a formidable competitor for Apple, however, as the company has already established a very powerful position in the Chinese’s financial sector. Alibaba is one of the largest retailers in the country and has beaten out many others when it comes to mobile payments.

Chinese consumers have a great deal of love for mobile payments

Mobile payments have become quite important for consumers in China. Many consumers have begun to rely on their mobile devices to get their shopping done, as this represents a more convenient way to purchase products. A growing number of retailers in China are beginning to support mobile payments in their physical stores, which is something that many consumers have been demanding for some time.

Competition in China expected to grow in coming years

Competition in China’s mobile payments space is relatively low, largely due to companies like Alibaba establishing a massive market share. This is expected to change in the coming years, however, as more companies begin showing interest in the mobile market. Apple, in particular, believes that China could be a very prominent opportunity for its mobile payments endeavors. Apple has already expressed interest in the Chinese market, but has yet to unveil any specific plans to bring Apple Pay to the country.