Has SoftPOS Been A Success In Europe So Far?

More And More Payments Are Now Accepted Directly Via Mobile Phones

This post, in its original form, was first published on the website of Payments Consulting Network (PCN). PCN is a network of experienced consultants.

As digital payments grow, new technology can deliver new customer experiences.

The frictionless checkout experience seen online is seeping into the physical retail world. SoftPOS is one technology leading the way in bringing new levels of innovation into the card present retail space. Juniper Research forecasts that global SoftPOS transaction values will grow with a CAGR of at least 53% over the next five years, and the European market for Mobile Point of Sale devices – including SoftPOS – will be worth $15 billion by 2027.

Introducing SoftPOS 

SoftPOS technology allows businesses to accept payments via a standard iOS or Android device. For the first time, a company can take in-person card payments without buying and maintaining payment-specific hardware. SoftPOS payments are only made via a contactless card, Apple Pay, or Google Pay. Mark…