Physical point-of-sale (POS) systems have seen notable market momentum and substantial 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.
Physical point-of-sale (POS) earned a recommendation to prioritize based on the market’s high market momentum and industry leader activity.
A physical POS system is the hardware and software that lets businesses accept payments from customers in person.
Companies in this space focus on brick-and-mortar POS services and solutions. These include card and chip readers, which are often bundled with tablet-based business management solutions.
Because demand from consumers and merchants is high, there are more companies playing in this market than any other payment acceptance method.
Companies that are looking to offer multiple payment methods to consumers for in-person payments will benefit more from a physical POS device that can accept card payments or mobile payments.
These devices also offer additional services, such as inventory management, and enable a faster checkout experience.
FACTS & FIGURES: Physical POint-of-sale (POS)
- Top-funded companies: Top-funded companies in the space include Toast ($903M in disclosed equity funding), Block ($492M), and Dynamics ($111M).
- Recent raises: Recent deals by companies analyzed for this report include Innoviti Payment Solutions‘ Series D raises (January and May 2022) as well as Bold‘s $55M Series B round in February 2022.
- Geography: India holds the largest share of deals in the space (31%) — in fact, it has seen more deals than China (15%) and the US (15%) combined.
Clients can dive into physical POS and more in our complete MVP Technology Framework: Payment Acceptance Methods for Vendors report.
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