According to the latest study by the IDB and Finnovista, 22.6% of fintech companies worldwide are in Latin America and the Caribbean. Undoubtedly, the sector continues to grow and increase its impact, with the “Payments and Remittances” segment being the most important.
This indicates an enormous opportunity for growth thanks to three factors: changes in consumer habits and behaviors since the pandemic, the low rate of bank penetration compared to other regions of the world, and 70% of the population that has access to mobile technology, according to the same study.
In this context, the well-known payment solutions such as the mPOS, which accepts payments with both credit and debit cards with chip, magnetic stripe and contactless; Tap to Phone, the technology that turns an NFC-enabled mobile phone into a means of payment without the need for additional hardware; the payment link; and the QR now adds the smartPOS.
According to the latest study by the IDB and Finnovista, 22.6% of fintech companies worldwide are in Latin America and the Caribbean
This device designed for the present world arrives to consolidate itself as an “intelligent” evolution to the traditional POS. According to a recent analysis by Vantage Market Research, this intelligent point of sale will grow 27.4% and will reach USD 14.9 billion in processed volume globally by the year 2028.
The SmartPOS includes its own app that allows any business to accept all available payment methods and technologies in one place. As an additional advantage, being “smart”, this device is ready to evolve and gradually incorporate different applications, from business management tools (sales reports, employee and role management, etc.), to time validation Apps. , insurance, salary settlement, shift control, survey preparation, among others. This gives true end-to-end control of the business and improves the user experience.
This device can be configured and updated remotely, as well as being very easy to use. You only have to enter the amount to be charged and the payment method and once the card is read, the transaction is approved with a prior digital signature on its 5.5-inch touch screen. In addition, to read any type of card, it issues payment links and displays QR.
Digital payment solutions continue to grow in Latin America and in the world at the pace of technology. Its offer today is changing based on the new habits of consumers who are looking for easier and faster ways to make their purchases. The more number of payment solutions, the more is the transformation of people’s buying and selling experience.