A new study by the tech-focused group Juniper Research predicts that 20% of payments will be processed by smartphone and tablet-based mobile point-of sale terminals by 2021.This increase from an expected 4% in 2016 means that the use of mPOS systems will account for 1 in 5 POS terminals by 2021, driven by larger retailers adopting mPOS as part of an array of point-of-sale options.The growth of mPos, which naturally has implications for biometrics vendors, will enable retailers to 'queue bust' in stores, reducing lines and developing more targeted and situational campaigns as well as offering automatic ordering systems in restaurants, said Juniper in the new research, Worldwide mPOS Markets: Devices, Technologies & Growth Opportunities 2016-2021.”We are seeing several vendors tailor their software to the needs of specific industries, integrating mPOS capabilities as part of broader cloud-based business software,” remarked research author James Moar. “These additional services can then make use of the sales data directly to manage inventory, monitor staff performance and other functions, which can all add more value to a business and justify a higher margin.”The research has also found that mPOS is playing a key role in enabling smaller merchants in emerging markets, particularly across India, Southeast Asia and Latin America, to accept card payments and grow their businesses. Much of the growth in these regions being supplied mostly by local vendors, such as Banamex, Digio, PagSeguro and SmartPesa.

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