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Next-generation acquiring: why SoftPOS solutions are taking over

Why soft POS is taking over global acquiring


It’s widely understood that growing digitalization and changing consumerbehaviour have accelerated the decline of cash around the world: however, the secondary effects of this trend are less well appreciated, including the high number of merchants now looking to adopt electronicpayments for the first time.

According to research by Payments Cards & Mobile, the number of merchants accepting electronic payments is set to grow by a third over the next five years in Europe alone.

Gideon Fourie, Group Chief Commercial Officer at RS2, explains why SoftPOS solutions installed on mobile devices – from phones and tablets to bespoke restaurant systems and kiosk services – are booming.Beginning in the United States and spreading worldwide, the capacity to enable a multiplicity of payment forms in-store, online or by app is big business.

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