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Analysed: The future of point of sales (POS) systems 10 July 2025 by Payments Intelligence What is this article about? How modern point-of-sale (POS) systems are evolving into cloud-native, AI-driven platforms central to retail operations. Why is it important?
. “Over 1.5bn contactless point of sale (POS) payments, valued at 26.7 billion, were made in shops, restaurants and other retail outlets in 2024,” the organisation says.
Digital payment solutions provider HyperPay has launched its new Tap on Phone payment solution, HyperTap, to enable UAE businesses to receive payments by using smartphones as contactless point-of-sale (POS) terminals.
It’s followed by point-of-sale (POS) terminals with 24 companies and a share of 11%; cryptocurrency and blockchain with 22 companies and a share of 10%; and peer-to-peer (P2P) lending with 21 companies and a share of 9.5%. The payment vertical continues to dominate, with 48 companies and a share of 21.8%.
This technology enables merchants to accept payments via smartphones, eliminating the need for traditional point-of-sale (POS) devices. Since its launch in Saudi Arabia, Geidea has revolutionized the payment landscape by becoming the first company in the Middle East and North Africa (MENA) region to introduce SoftPos solutions.
Nexi Group , the European PayTech, has collaborated with WeChat Pay to enable Swiss merchants to accept payments at the point of sale (POS) via the WeChat Pay app.
According to Worldpay’s Global Payments Report 2025, digital wallets now lead e-commerce transactions and are the second most-used payment method for point-of-sale (POS) transactions, accounting for 39% of e-commerce transactions, and 29% of transaction value in 2024.
Today, Visa announced that Tap to Phone a technology that turns a smartphone into a point-of-sale (POS) device – has experienced a 200% increase globally over the past year, supporting millions of sellers of all sizes worldwide. In the UK, Tap to Phone adoption is even higher, at a growth rate of 320% [1].
Eazy Financial Services ("EazyPay"), a leading Bahraini financial institution specializing in Point-of-Sale (POS) and online payment gateway acquiring services, has announced a strategic partnership with Tamara, one of the region’s fastest-growing fintech platforms and a pioneer of the "Buy Now, Pay Later" (BNPL) model in the GCC.
Tap to Phone, the technology that turns smartphones into a point-of-sale (POS) device, has seen a 200 per cent increase across the globe in the last year, according to new stats from payments giant Visa.
Epos Now , a leading global AI-driven point-of-sale (POS) provider, today announces a strategic partnership with Lloyds Cardnet , one of the UK’s biggest card payment service providers.
Fintech innovations Point-of-Sale (POS) Innovations Affordable POS solutions like Square and Yoco allow SMEs to accept card payments without traditional banking infrastructure. Yoco, for instance, provides small card readers at low costs, making it accessible for SMEs in South Africa.
Putting resources behind this claim, the firm’s business banking arm has announced a new partnership with NEO PAY , the digital payments organisation to make lending more accessible for SMEs in the region with the launch of a new point-of-sale (PoS) lending solution.
It involves the following process: Cardholder Initiates Payment : The cardholder presents their card at the point-of-sale (POS) terminal , online checkout, or mobile payment system. Point-of-Sale (POS) Systems Hardware terminals that accept EMV chip, magnetic stripe , and contactless payments.
Gain true flexibility Connect any point-of-sale (POS) device to multiple payment processors without being locked into a single provider. This partnership seeks to give businesses the flexibility to: Unify their payments Manage in-person and digital transactions seamlessly.
Following the announcement, iNet will now deploy and manage a point of sale (POS) infrastructure using ACI Postilion. ACI Postilion is an acquiring platform that enables banks, fintechs and merchants to deliver fast omnichannel transaction processing while staying compliant with regulatory standards.
They provide point-of-sale (POS) terminals, online payment gateways, and mobile payment solutions. Moneris has become a leading payment processor in Canada, offering comprehensive solutions like point-of-sale (POS) systems , e-commerce payment gateways, and fraud protection.
” Mutual Trust Bank currently boasts a network of 120 branches, 306 ATMs and over 4000 Point of Sales (POS) machines. We look forward to continuing our collaboration to bring advanced payment solutions to the Bangladesh market.”
However, the decline has since stabilised and in 2024, 10 per cent of point-of-sale (POS) transactions were made using cash (accounting for 128billion of in-store transactions).
The process begins from the moment the customer makes a card payment to the point when the transaction is authorized and settled. They could use a Point-of-sale (POS) system, hardwired credit card reader, or a mobile credit card terminal depending on their preference and business model.
Whereas point-of-sale (POS) systems are ideal for brick-and-mortar stores, enabling swift in-person payments. Additionally, mobile payments allow businesses to accept payments via smartphones or tablets, offering flexibility for on-the-go transactions.
Under this partnership, iNet will deploy and manage a Point of Sale (POS) infrastructure using ACI Postilion, an acquiring platform that enables banks, fintechs and merchants to deliver fast and seamless omnichannel transaction processing while staying compliant with evolving regulatory standards.
” With over 75 per cent of Saudi Arabia’s point-of-sale (POS) market share, Geidea processes millions of transactions daily for a wide range of businesses, from local outlets to international brands.
Ensure that your point-of-sale (POS) systems and e-commerce platforms are optimized for mobile transactions. This trend is especially prominent in Asia-Pacific, where mobile wallets dominate over 50% of the payments market. What It Means for You: Adapting to mobile wallet payments isnt optional anymore.
These services enable you to process credit card payments online, in person, and on the go, and include everything from secure payment gateways to merchant accounts and point of sale (POS) systems. The Components of Payment Processing Behind every transaction is a connected ecosystem that makes it all possible.
Enterprises: Utilize integrated point-of-sale (POS) systems that connect with inventory, customer data, and analytics tools. Tend to opt for simpler, cost-effective devices that require minimal setup and maintenance. May lack integration with complex inventory management or customer relationship systems.
Think of the gateway as the online equivalent of a card reader or point of sale (POS) system in a brick-and-mortar store. They also often provide the actual equipment you need to accept credit card payments, like the point of sales (POS) terminal.
In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why.
The Jaywan scheme will be available in many variants, such as (basic and premium) including debit, pre-paid and credit cards, and can be used in all payment channels like online transactions, ATM withdrawals, and point-of-sale (POS) terminals.
Collecting Data First, businesses gather financial data from different sources, such as: Sales and invoice data from their point-of-sale (POS) or e-commerce system Bank statements showing deposits and withdrawals Reports from payment processors (like PayPal, Stripe, or Clearly Payments) Credit card settlement data 2.
Tap to Pay on iPhone allows QuickBooks Payments* customers to access an easy way to accept in-person contactless payments from anywhere using an iPhone and the QuickBooks mobile or GoPayment iOS apps, without the need for an additional card reader or point-of-sale (POS) hardware.
When used legally, the dual pricing approach can help businesses navigate the complexities of processing fees and empower consumers to make informed decisions at the point of sale (POS).
Over the next year, 52 per cent of SMBs expect to upgrade their point of sale (POS) system to support mobile and contactless payments, with 47 per cent diversifying to include mobile POS terminals. Payment security also remains important for SMBs, with 77 per cent expressing concerns.
This brought near-field communication (NFC) technology to in-store payments, changing the point of sale (POS) sector. The fintech pioneered the first phase of digital payments, enabling secure online transactions and laying the groundwork for future wallet technologies.
Over a quarter (28 per cent) of merchants’ in-person point of sale (POS) systems cannot support alternative payment methods like digital wallets and QR codes, according to a new study by digital payments and infrastructure orchestrator Tribe Payments.
is a leading financial technology provider, delivering end-to-end payment solutions across card acquiring, local payment methods, point-of-sale (POS) terminals, multi-currency business accounts, and card issuing.
Leading African payment gateway Peach Payments is launching its point of sale (POS) device, the Digit Pro, to South African mid-size and enterprise customers today.
Key themes for the gathering included how technology is shaping the future of the Zambian commercial sector, specifically innovation in digital payment systems, the future of point of sale (POS) technology and the transformative role of payment devices, security in digital banking and the impact of partnerships to strengthen the sector.
The report, developed by the FPC QR Code Interface Work Group, highlights critical usability factors affecting adoption, including legacy POS system limitations, integration complexities, scanning device compatibility, and network dependency.
The customer can make the credit payment physically by swipe, dip, or tap, depending on your point-of-sale (POS) system , which will capture the credit card details. The payment could also be made via digital means.
It links the merchants eCommerce store or point of sale (POS) system and the financial networks involved. Payment gateway – The service that encrypts and securely sends payment details from the customer to the payment processor and back to the merchant.
Its a digital evolution of the conventional point-of-sale (POS) terminal. A physical POS terminal requires customers to insert, swipe, or tap their cards on the machine. A payment gateway is a tool that allows merchants to authenticate and receive payments from their customers electronically.
They require secure systems like point-of-sale (POS) terminals , online checkout gateways, or mobile payment solutions to process payments. Payment Processor: ISO/PayFac : The payment processor handles the sales, support, onboarding, and sometimes technology for merchants, such as the payment terminals and payment gateway.
Transaction values continue to surge, particularly in digital commerce, projected to reach 8.49 At the same time, penetration rates and user bases across markets are expanding rapidly, reflecting a clear shift toward digitised payment methods.
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