Gartner Research

Mobile Payment Acquiring Solutions for Small Businesses Move Toward Mobile Point of Sale

Published: 08 April 2013

ID: G00247856

Analyst(s): Sandy Shen

Summary

Mobile payment acquiring solutions such as Square and PayPal Here are seeing fast adoption among small businesses. Mobile payment acquiring providers will need to add POS management functions, while putting pressure on traditional payment acquiring solution providers.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • The emergence of more than 20 mobile payment acquiring solution providers will make POS features a key differentiator
  • Security concerns will restrict small-business mobile payment acquiring providers to the SMB market until 2015
    • Card Readers
    • PIN Pad
    • Mobile Devices and Connections
    • Fake Readers
  • Large businesses are showing interest in small-business mobile payment acquiring solutions, putting pressures on traditional providers
    • Businesses With Large Mobile Workforces Show Interest in Small-Business Mobile Payment Acquiring Solutions
    • Tier 1 Retailers Are Adopting Consumer Mobile Devices for Mobile POS
    • Traditional Payment Acquiring Solution Providers Are Not Positioned for the Small Business Market

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