NFC Times Exclusive: Mobile point-of-sale providers in Europe see significant growth in merchant numbers and transaction volumes and believe that EMV compliance will give European point-of-sale companies a leg up as they look to expand to the U.S.
The growth in Europe is part of a global trend, said Sam Shrauger, global head of digital, developed markets at Visa, speaking at last week’s NFC and Mobile Money Summit in New York.
“In 12 months between 2011 and 2012 we have seen a 111% increase in the number of mobile point-of-sale devices that are in the market, going from 4.5 million to 9.5 million in a 12 month period,” said Shrauger. Visa is an investor in U.S.-based mobile point-of-sale company Square.
The field of providers of mobile point-of-sale terminals supporting EMV and focused on Europe has narrowed significantly in recent years.
In this article:
Words: 1,200
Among Topics Covered:
•Growth figures for two Europe-based mobile point-of-sale vendors
•Forecasts for global growth in mPOS units
•Experience of Europe-based mPOS makers in supplying devices supporting EMV
•Anticipation of Europe-based mPOS makers to move to EMV in the U.S.
•Focus on services going forward
Sources Quoted:
•Sam Shrauger, global head of digital, developed markets, Visa
•Jacob de Geer, CEO, iZettle
•Daniel Klein, CEO, SumUp
•Mung Ki Woo, group executive, mobile, for MasterCard Worldwide
•David Gudjonsson, CEO, Handpoint
Among companies and organizations mentioned:
iZettle
SumUp
Square
Handpoint
Visa
MasterCard Worldwide
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