Mobility solutions (including mPOS and tablet POS solutions) have been around for a while, and have gained in popularity for different use cases in across different industries including retail, restaurants, hospitality, etc. Other than allowing for merchants to accept payments virtually anywhere they do business, they have also enabled restaurants to accept payment at the table, allow for personalized service in hotels and even convenience check-ins at healthcare facilities. According to Research & Market, mPOS market is expected to grow by 38% between 2017-2021.

If you’ve decided to invest in a mobile point of sale (mPOS) solution for your retail stores, you’re already aware of the array of benefits it offers your business. However, many retailers face challenges in implementing their new mPOS technologies. That’s why it’s important to have a plan in place to address these obstacles.

Many independent software vendors (ISVs) across a wide range of industries, including retail, hotel & lodging, healthcare, etc., are building innovative mobile point of sale (mPOS) payment solutions. These solutions include mobile applications that allow merchants to run their business from a smartphone or tablet and are coupled with an mPOS card reader to accept card-based payments. To be able to accept payments, these applications must comply with the latest payment industry standards and be certified to securely accept EMV payments.

Mobile point of sale (mPOS) solutions are increasingly becoming a common way for businesses to extend or replace their fixed POS and become mobile. Over the years, mPOS has grown from a micro-merchant solution to one that is widely-adopted by enterprises in many different forms, including as a tablet POS.  

Traditionally, mobile point of sale (mPOS) solutions were aimed at micro-merchants and smaller business with limited resources. These businesses needed a payment acceptance option that was not only cost effective but gave them the mobility to do business outside of a brick and mortar location.