As the pandemic has popularized contactless payments, companies have begun looking to streamline the process and provide merchants with better technology, like turning a smartphone into a payments processing unit.
Mobile point-of-sale (mPOS) is the use of a mobile phone as a POS terminal for payment processing, as opposed to a traditional fixed terminal. Smartphones enabled with a near-field communication (NFC) chip can process transactions digitally with the tap of a card or phone.
