According to recent information from ReportsNReports the global MPOS industry registered significant growth in terms of the volume of terminals in operation during 2011−2012. The number of terminals grew from 4.5 million in 2011 to 9.5 million in 2012, registering a CAGR of 111%. Competitors such as Square, iZettle, mPowa, SumUp, VeriFone, Intuit and PayPal are aiding the growth of MPOS technology by making it accessible to smaller enterprises. Over the forecast period, the volume of terminals is expected to increase from 4.5 million in 2011 to 38 million in 2017, at a projected CAGR of 42.7%, driven by growth in the retail sector, increased online trade, a rise in smartphone usage and card penetration.Despite the penetration level of MPOS terminals to total POS terminals standing at 17% in 2012, over the forecast period, it is anticipated that this will increase substantially and reach 46% by 2017.
MPOS technology has a strong presence in countries such as the US, Canada, the UK, Germany and France with emergence of competitors such as Square, iZettle, SumUp, Payleven, PayPal Here and Intuit. Service providers such as 99Bill, Ezetap and PayPOS are considered industry leaders in China and India. All these competitors are running a number of trials and pilot programs in partnership with businesses such as Perry Ellis, Gucci, Saks Fifth Avenue and Aurora Fashions. Read more
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