Global Mobile Card Reader Market 2016-2020
Description-
About
Mobile
Card Reader
Mobile
card readers are a major innovation in the payment industry, which
has persuaded several enterprises that were reluctant to accept card
payments to adopt them. The main difference between mobile card
readers and traditional point-of-sale (PoS) solutions is the hardware
used. Mobile card readers are smaller and can be attached to mobile
devices such as smartphones or tablets, unlike other payment
terminals that are connected to a computer. They are easy to use,
portable, and require less setup time to start accepting card
payments.
Merchants
or sellers need to sign up with a vendor for mobile card readers.
To
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These
card readers are free, but, in certain cases, they are charged a
small amount. Vendors provide a free mobile app that can be
downloaded by merchants on their iOS, Android, or Windows devices.
Card readers need to be plugged in to mobile devices through an audio
jack or wirelessly using Bluetooth. In order to accept card payments,
sellers can either swipe, insert the card, or use NFC technology and
contact the service provider through the app. After multiple levels
of security checks, payments are accepted by the card readers and the
payment process is complete. Vendors charge a transaction fee for
every transaction, and the remaining amount is transferred to the
sellers' account within a couple of days.
Technavios
analysts forecast the global mobile card reader market to grow at a
CAGR of 68.47% during the period 2016-2020.
Covered
in this report
The
report covers the present scenario and the growth prospects of the
global mobile card reader market during 2016-2020. To calculate the
market size, the report considers revenue generated from the shipment
of card readers, transaction fees, and other fees such as monthly
fees charged by vendors.
The
market is divided into the following segments based on geography:
Americas
APAC
Europe
Technavio's
report, Global Mobile Card Reader Market 2016-2020, has been prepared
based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a
discussion of the key vendors operating in this market.
For
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