Insights into Mobile Point-Of-Sale (Mpos) Terminals Market Expansion, Key Players, and Challenges
The global Mobile Point-of-Sale (mPOS) terminals market is experiencing a significant transformation driven by the widespread adoption of contactless payments, increasing smartphone penetration, and evolving consumer expectations for faster, more convenient transactions. Emerging as a vital component in modern retail, hospitality, and field service environments, mPOS terminals are redefining point-of-sale landscapes across the world.
Global Mobile Point-Of-Sale (mPOS) Terminals Market size and share is currently valued at USD 43.45 billion in 2024 and is anticipated to generate an estimated revenue of USD 127.04 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 11.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034
Market Overview
The mPOS terminal is a portable device that enables merchants to accept card and digital payments without a traditional fixed register or counter. These terminals operate via mobile apps on smartphones or tablets and connect to card readers via Bluetooth or USB. Their flexibility, affordability, and real-time integration capabilities make them ideal for small and medium enterprises (SMEs), pop-up stores, on-the-go service providers, and large retailers alike.
Growth in this sector is fueled by the rising number of mobile payment solutions, government push toward digital economies, and the widespread implementation of contactless payment methods. With increasing reliance on smartphones and a preference for digital-first payment mechanisms, businesses worldwide are prioritizing the implementation of mPOS systems over traditional POS hardware.
Key Companies
- PAX Technology
- Oracle
- VeriFone, Inc.
- HP Development Company, L.P.
- PT. NEC Indonesia.
- Ingenico
- Toshiba Global Commerce Solutions
- Panasonic
- Posiflex
- Squirrel Systems
Country-Wise Market Trends
United States
The United States remains one of the most mature markets for mPOS adoption. With a high concentration of tech-savvy consumers and businesses, the demand for mobile-enabled payment options is at an all-time high. The U.S. has witnessed a dramatic uptick in contactless payments, driven by public health concerns and shifting consumer preferences.
Small businesses and independent retailers are increasingly investing in mPOS systems as they look to minimize upfront costs and scale their operations with cloud-based software. Additionally, the growing gig economy has accelerated the deployment of mobile terminals for freelance and delivery-based services.
Canada
Canada has also embraced mPOS technology, especially in urban and semi-urban regions. As the country moves toward a cashless economy, businesses of all sizes are leveraging cloud POS systems to support hybrid in-store and mobile operations.
Canadian retailers are noted for early technology adoption, and the national infrastructure supports high-speed internet and data security compliance, further boosting mPOS terminal growth. The hospitality sector, in particular, has turned to mobile solutions to enable table-side payments and improve the customer experience.
United Kingdom
In the United Kingdom, the mPOS market is thriving thanks to a digitally inclined population and government initiatives promoting digital inclusion. Major events like the pandemic accelerated the demand for contactless payment systems, and this behavior has become entrenched.
The increasing footfall in high-street shops and pop-up venues has made mPOS an essential tool in retail operations. With the advancement of retail mobility platforms, British retailers are now able to unify their sales channels under one system, enhancing omnichannel experiences for shoppers.
Germany
Germany, traditionally a cash-heavy economy, is undergoing a shift in consumer behavior. The adoption of mobile payment solutions has surged, particularly among younger demographics. The COVID-19 pandemic served as a catalyst for change, pushing merchants and consumers alike to embrace contactless and digital payments.
The German government’s support for small businesses and digital infrastructure investments has contributed to an increase in mPOS deployment across the retail and food service sectors. Regulatory frameworks emphasizing secure data transmission have also given mPOS systems a reputational boost.
France
France is seeing a steady uptick in mPOS adoption, especially among independent retailers, cafes, and market vendors. As consumers seek seamless checkout experiences, mobile POS systems offer the flexibility to transact anywhere within the retail environment.
Initiatives supporting digital innovation and small business modernization are creating favorable conditions for mPOS adoption. Additionally, the rise in cloud POS systems is helping French retailers centralize inventory, customer engagement, and transaction processing on unified platforms.
India
India’s mPOS market is experiencing rapid growth, fueled by the government’s push for a digital economy and a large unbanked population gradually moving toward financial inclusion. The surge in UPI (Unified Payments Interface) transactions, mobile wallet usage, and smartphone ownership has made India a hotbed for mobile payment solutions.
Rural markets and tier-II cities are especially driving demand for affordable and scalable mPOS options. Merchants in street markets, delivery networks, and healthcare providers are increasingly using mPOS terminals to extend payment accessibility and reduce reliance on cash.
China
China has long been a leader in mobile payments, with platforms like Alipay and WeChat Pay dominating the space. mPOS adoption here is centered around integrating QR code-based and NFC-based systems into traditional retail environments.
While China’s mobile ecosystem is more app-driven than card-based, mPOS systems that support hybrid payment formats are gaining traction. Retailers are using retail mobility platforms to combine payment, customer loyalty, and data analytics into single touchpoints, enhancing personalization and operational efficiency.
Japan
Japan presents a unique case with its blend of advanced infrastructure and cultural attachment to cash. However, the tide is turning. mPOS adoption is gradually increasing due to efforts from the government and private sectors to promote cashless transactions ahead of global events and economic reforms.
Convenience stores and SMEs are deploying mPOS terminals to attract tech-savvy customers, while also cutting down operational costs. The integration of contactless payments through NFC-enabled cards and smartphones is seen as a critical growth lever.
Australia
Australia has quickly adapted to mPOS technologies, with a population keen on early tech adoption and a banking system that supports card-linked transactions. Businesses are embracing cloud POS systems that can be easily updated, remotely managed, and integrated with online sales channels.
The tourism and hospitality sectors are key beneficiaries of mobile POS systems, using them to provide efficient, real-time payments at outdoor venues, transportation hubs, and pop-up experiences across the country.
Brazil
In Brazil, the mPOS market is driven by a strong informal economy, a rapidly growing e-commerce sector, and mobile-first consumers. mPOS solutions offer small entrepreneurs and street vendors a gateway into the formal financial system while improving customer retention through digital payment acceptance.
The government’s incentive programs for SMEs and partnerships with payment processors are helping widen access to affordable terminals and reducing dependency on legacy POS infrastructure.
South Africa
South Africa is witnessing strong growth in mPOS deployments, particularly in rural and underserved regions. As more of the population gains access to smartphones and mobile data, mobile payment solutions are becoming a lifeline for microenterprises and unbanked individuals.
Government-led financial inclusion policies and fintech innovation are shaping a market where mPOS terminals are used not only for sales but also for delivering services such as bill payment, remittances, and mobile banking.
Explore More:
https://www.polarismarketresearch.com/industry-analysis/mobile-pos-terminals-market
Conclusion
The Mobile Point-of-Sale (mPOS) terminals market is not just expanding—it is evolving to reflect the digital aspirations of businesses and consumers worldwide. The combination of affordability, portability, and seamless integration with cloud POS systems makes mPOS a foundational element in future-ready commerce strategies.
As each country navigates its unique retail and economic context, mPOS technologies are playing a pivotal role in enabling frictionless transactions, driving financial inclusion, and supporting the transition toward fully digital economies. With momentum building across continents, the global mPOS market is poised to reach new heights—one tap at a time.
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