Top Predictions for Mobile POS Technology in 2015

Established local banks and payment providers will see more international competition in 2015. To date, POS terminals have been domestic and could only be used in a few countries. In each and every country, retailers had to use different POS terminals and different banks. In 2015, mPOS terminal adoption will allow retailers to use one type of mPOS device globally that processes all kinds of cards, including Visa, MasterCard or even China Union Pay (CUP) on one terminal. There's no need for several banks either. Payments can be processed through just one international payment service provider (PSP) who can route payments to banks all over the world.