Apple to 'drive hike' in SoftPOS usage

Latest News

Apple to 'drive hike' in SoftPOS usage

By Alexandra Leonards

8/8/2022

New research suggests that SoftPOS technology will experience a 475 per cent hike in usage over the next five years.

The number of merchants using SoftPOS technology will reach over 34.5 million globally by 2027, up from six million in 2022, according to a study by Juniper Research.

SoftPOS enables NFC enabled smartphones or tablets to accept contactless payments, without additional hardware.

The research organisation said that the growth will largely be driven by Apple’s mobile POS solution for merchants using iOS.

It forecasts that the tech giant’s decision to enable third parties to develop SoftPOS solutions using iOS NFC capabilities will result in an "influx of iOS-specific services".

The research predicts that Apple’s entry into the market will provide 1.2 billion iOS users with SoftPOS capabilities.

SHARE STORY:

The future-ready CFO: Driving strategic growth and innovation

This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.

The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities

In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.