Mobile point-of-sale (mPOS) systems have created a new and fast-growing market to meet the business demands of merchants.

Payments providers, both legacy and emerging, are looking to leverage the mobile point-of-sale, or mPOS, market for both new and existing merchant accounts. The original disrupter, Square, set the competition in motion by meeting the needs of small businesses that wanted a mobile payment acceptance option and services to accompany it. Now merchants of all sizes are realizing that mPOS is a necessary part of their omnichannel strategy in order to best serve the payment preferences of their customers.