Mobile POS Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Component (Hardware, Software), By Enterprise Size (Large Enterprise, Small & Medium Enterprises (SMEs)), By End-User (Restaurants, Retail, Healthcare, Entertainment, Others), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 63.34 Billion
CAGR (2026-2031)	16.83%
Fastest Growing Segment	Small & Medium Enterprises (SMEs)
Largest Market	North America
Market Size (2031)	USD 161.07 Billion

Market Overview

The Global Mobile POS Market will grow from USD 63.34 Billion in 2025 to USD 161.07 Billion by 2031 at a 16.83% CAGR. A Mobile Point of Sale system comprises a smartphone, tablet, or dedicated wireless device that functions as a cash register or electronic terminal for processing transactions. The market is primarily driven by the escalating demand for contactless payment options and the necessity for enhanced mobility within the retail and hospitality sectors. Additionally, the reduced cost of implementation relative to traditional legacy systems encourages rapid adoption among small and medium enterprises seeking efficient transaction processing capabilities.

According to the 'GSMA', in '2025', merchant payments processed via mobile money accounts exceeded $100 billion globally over the previous year. However, a significant challenge impeding market expansion involves data security and the risk of financial fraud. The transmission of sensitive financial data over wireless networks creates vulnerabilities that may diminish user trust and hinder broader adoption if rigorous encryption standards and compliance protocols are not consistently maintained.

Key Market Drivers

The rapid global shift towards cashless and contactless payment methods is fundamentally reshaping the commerce landscape, compelling merchants to upgrade their acceptance infrastructure to remain competitive. As consumers increasingly prefer tap-to-pay cards and digital wallets over physical cash, businesses are rapidly deploying Mobile Point of Sale (mPOS) terminals to accommodate these preferences swifty and securely. This transition is particularly evident in the surge of near-field communication (NFC) transactions, which necessitates agile, mobile-ready hardware capable of processing payments anywhere on the sales floor. According to Visa, November 2024, in the 'Annual Report 2024', excluding the United States, over 80% of face-to-face Visa transactions globally were contactless in fiscal year 2024. This massive behavioral shift drives retailers to adopt mPOS solutions that support seamless, touch-free interactions at the checkout.

Concurrently, increasing adoption by Small and Medium-sized Enterprises (SMEs) is fueling market growth, largely due to the low implementation and maintenance costs of mPOS relative to traditional legacy systems. Unlike bulky cash registers requiring significant upfront capital, mPOS solutions leverage existing smartphones or tablets, allowing smaller merchants to access enterprise-grade transaction processing tools with minimal financial barriers. According to Block, Inc., February 2024, in the 'Q4 2023 Shareholder Letter', gross profit from vertical point-of-sale solutions grew by 27% year-over-year, highlighting the robust demand for these accessible platforms among diverse sellers. This democratization of payment technology enables even micro-merchants to integrate into the digital economy efficiently. According to Worldpay, in 2024, digital wallets accounted for 30% of global consumer spend at the point of sale in 2023.

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Key Market Challenges

Data security and the risk of financial fraud constitute a primary obstacle hampering the expansion of the Global Mobile POS Market. Unlike traditional hardwired terminals, mobile systems transmit sensitive transactional data over wireless networks, creating vulnerabilities that cybercriminals actively exploit. This exposure to potential data breaches and identity theft significantly erodes merchant confidence, causing businesses to hesitate in replacing legacy systems despite the operational benefits of mobility. The fear of reputational damage and financial liability forces many enterprises to view mobile adoption as an unjustifiable risk, particularly when customer trust is paramount.

The magnitude of this threat is substantiated by recent industry data indicating widespread susceptibility to financial crime which deters investment in new payment technologies. According to the 'Association for Financial Professionals', in '2025', '79% of organizations were victims of attempted or actual payments fraud activity in the preceding year'. This high incidence rate directly slows market penetration, as the perceived danger of financial loss outweighs the advantages of low implementation costs. Consequently, the market struggles to convert risk-averse merchants who prioritize the perceived safety of established transaction methods over newer mobile alternatives.

Key Market Trends

The Widespread Adoption of SoftPOS and Tap-to-Phone Technology is fundamentally altering the hardware landscape by enabling commercial off-the-shelf (COTS) smartphones to accept payments without external dongles. This software-centric approach eliminates the need for proprietary payment terminals, allowing merchants to download an application and immediately process transactions using Near-Field Communication (NFC) protocols directly on their personal devices. This innovation is particularly impactful for micro-merchants who can now bypass supply chain delays and hardware investments associated with traditional mobile readers. According to Visa, March 2025, in the 'Visa Tap to Phone Adoption Soars' press release, the company's Tap to Phone technology experienced a 200% year-over-year increase in adoption globally, underscoring the rapid migration toward hardware-free acceptance solutions.

Concurrently, the Expansion of Value-Added Services Beyond Payment Processing is transforming mobile terminals into comprehensive business management hubs. Providers are increasingly integrating advanced software suites that handle inventory management, customer relationship management (CRM), and lending directly into the mPOS interface, moving beyond simple transaction execution. This ecosystem approach increases merchant retention by embedding financial services into daily operations, effectively turning the point of sale into a central operating system for business growth. According to Block, Inc., February 2025, in the 'Q4 2024 Shareholder Letter', Square's gross profit grew by 12% year-over-year, a rise driven primarily by the sustained performance of software and integrated banking products that extend utility beyond mere payment acceptance.

Segmental Insights

The Small and Medium Enterprises segment is identified as the fastest-growing category within the global mobile POS market due to the substantial demand for cost-effective payment processing solutions. Unlike large corporations, smaller merchants are rapidly adopting these systems to minimize the high upfront capital required for traditional fixed terminals. This shift is further driven by the increasing consumer preference for contactless payments and digital wallets, which compels businesses to modernize their infrastructure. Consequently, mobile point-of-sale technology provides SMEs with a flexible and affordable avenue to accept diverse payment methods and streamline daily financial operations.

Regional Insights

North America maintains a dominant position in the global mobile point-of-sale market, primarily driven by the extensive integration of digital payment solutions within the retail, healthcare, and hospitality sectors. The region benefits from a mature financial infrastructure and high smartphone penetration, facilitating seamless contactless transactions for merchants of all sizes. Furthermore, the industry-wide transition to EMV chip card standards has compelled businesses to upgrade their hardware, significantly boosting the demand for compliant mobile readers to mitigate fraud. This established ecosystem, reinforced by the presence of key technology providers, ensures the sustained expansion of mobile payment platforms over traditional systems.

Recent Developments

• In November 2025, Adyen introduced two new mobile point-of-sale terminals engineered to withstand the rigorous demands of the hospitality and retail industries. The product launch included an all-in-one mobile device featuring a durable, spill-proof design and a large display to facilitate operations in high-volume environments. Additionally, a hybrid device was released that functioned as both a countertop solution and a portable terminal with an integrated printer for on-the-go receipt generation. These additions to the company's in-person payments portfolio were developed to provide merchants with unified commerce tools that streamline workflows and enhance the flexibility of customer transactions.
• In May 2025, Apple expanded its "Tap to Pay on iPhone" technology to eight new European markets, significantly broadening the reach of its mobile point-of-sale capability. This development empowered merchants in these regions to use their iPhones as secure payment terminals, accepting transactions from contactless credit cards, debit cards, and digital wallets without external card readers. The rollout was designed to support small businesses and independent retailers by reducing reliance on traditional hardware. By leveraging built-in Near Field Communication technology, the company aimed to streamline the checkout process and accelerate the adoption of mobile payment acceptance across the continent.
• In October 2024, PXP Financial announced a strategic collaboration with Phos by Ingenico to introduce a SoftPOS solution for the Android platform. This partnership allowed merchants to accept contactless payments securely through a downloadable application, removing the requirement for traditional point-of-sale hardware. The technology utilized a specialized software development kit to integrate payment capabilities directly into existing business applications. Designed to enhance operational efficiency, the solution featured online PIN verification for high-value transactions, providing a secure and scalable alternative for businesses seeking to modernize their payment infrastructure without incurring significant equipment costs.
• In August 2024, NETS, a leading Singaporean payment solutions provider, launched a new terminal-less payment application designed to transform Android devices into commercial acceptance points. This SoftPOS solution enabled merchants to process contactless transactions directly on their smartphones or tablets, eliminating the need for dedicated hardware terminals. The application was engineered to support a wide range of payment methods, including local prepaid cards and major international schemes, thereby lowering entry barriers for small businesses. By utilizing the Near Field Communication capabilities of consumer-grade devices, the initiative aimed to meet the increasing demand for flexible, cost-effective digital payment options across the retail and hospitality sectors.

Key Market Players

• Square, Inc.
• Shopify Inc.
• Toast, Inc.
• Clover Network, Inc.
• Lightspeed Commerce Inc.
• Revel Systems, Inc.
• PayPal Holdings, Inc.
• SumUp Ltd.
• SpotOn Transact, Inc.
• Zoho Corporation Pvt. Ltd.

By Component	By Enterprise Size	By End-User	By Region
Hardware Software	Large Enterprise Small & Medium Enterprises (SMEs)	Restaurants Retail Healthcare Entertainment Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Mobile POS Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Mobile POS Market, By Component:

• Hardware
• Software

• Mobile POS Market, By Enterprise Size:

• Large Enterprise
• Small & Medium Enterprises (SMEs)

• Mobile POS Market, By End-User:

• Restaurants
• Retail
• Healthcare
• Entertainment
• Others

• Mobile POS Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE