Mobile point-of-sale (mPOS) systems have seen significant market momentum and notable industry leader activity in the payment acceptance space — making them a technology worth prioritizing.
Clients can download the full Payment Acceptance Methods for Vendors report at the top left sidebar.
Payments leaders are increasingly investing in tech-enabled payment acceptance methods that have integration capabilities, more secure transactions, and enable a faster customer checkout experience.
Using CB Insights data, we examined tech markets across payment acceptance methods for vendors and ranked them across two metrics — market momentum and industry leader activity — to help companies decide whether to monitor, vet, or prioritize these technologies.
Mobile point-of-sale (mPOS) earned a recommendation to prioritize based on the market’s high market momentum and industry leader activity.
Mobile point-of-sale (mPOS) companies are creating software or portable points-of-sale that enable a smartphone or tablet to function as a cash register.
Businesses can take payments instantly by downloading a mobile app that connects a smartphone or tablet to a card reader.
Industry adoption and market momentum are rising as industry leaders and startups alike double down on mPOS initiatives. Global shipments of mPOS terminals are expected to grow 56% to 32M units by 2026.
Companies that want to help SMBs with payment acceptance should consider partnering with mPOS startups that are helping reduce digital payment costs for SMBs with fewer hardware integrations.
Other leaders in the mobile payments space should prioritize expanding into contactless payment solutions like mPOS that can help turn any smartphone into a payment terminal.
FACTS & FIGURES: Mobile POint-of-sale (mPOS)
- Top-funded companies: Top-funded companies in the space include Revel Systems ($145M in disclosed equity funding), Viva Wallet ($102M), and Hash ($57M).
- Deal size: In 2021, the average and median deal size of companies in this space increased by 4x and 3x year-over-year to reach $16M and $12M, respectively.
- Geography: While the US holds the largest share of deals in the space (28%), South Korea (10%) and the United Kingdom (10%) have both seen a number of deals.
Clients can dive into mobile POS and more in our complete MVP Technology Framework: Payment Acceptance Methods for Vendors report.
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