A new study from Juniper Research has found global mPOS transactions will reach $4.9 trillion in 2030; up from $2.7 trillion in 2025. This growth will be driven by two factors:
mPOS terminals can accept card payments by connecting to compatible smart devices, such as a smartphones or tablets.
mPOS – Soft POS – Cash
Juniper Research believes mPOS will be resilient versus dramatic soft POS growth. Soft POS is where the smartphone or tablet itself is used to collect a contactless payment. While soft POS is growing rapidly, it is largely displacing cash in smaller, occasional transactions. mPOS, by offering dedicated hardware, is better suited to traditional retail and hospitality environments, which are shifting away from fixed countertop machines.
mPOS Transforming Emerging Markets Payments Acceptance
The research identified mPOS will drive the expansion of card payments in emerging markets, particularly within Africa. While digital wallets are popular in Africa, cards are often a premium add-on to mobile money services; meaning that card acceptance is a must.
As a result of this, coupled with rising affluence, we forecast that mPOS transaction values in Africa & the Middle East will rise by far above the global average; growing by over 200% between 2025 & 2030.
VP of Fintech Market Research Nick Maynard explained: “To capitalise on this growth, mPOS providers should consider partnering with local superapps, such as M-PESA in Kenya, to create POS solutions which work within wider ecosystems; maximising merchant appeal.”
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Find out more: mPOS Terminals & Soft POS Market 2025-2030, or download a free sample.
Banking 4.0 – „how was the experience for you”
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