Mobile Card Reader Market is Likely to Witness huge Growth over 2019 – 2025

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Mobile Card Reader Market Global Industry
Forecast Analysis over 2019 - 2025
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• Mobile Card Reader Market Scenario

• The increased demand for the device across
  end-use industries, such as retail and
  hospitality, is expected to boost the mobile card
  reader market growth. These devices offer several
  benefits to businesses, such as inventory
  control, online store, analytics, invoicing, and
  customer directory, enhancing the payment
  processing and consumer experience. The
  transactions are done based on the plastic
  currency with the help of these readers,
  resulting in increased cost-effectiveness and
  efficiency for both vendors and customers. Retail
  and wholesale stores are highly adopting these
  readers as they are cheaper, portable, and easy
  to carry.
• Moreover, the companies are investing in
  providing various schemes to expand their
  business and customer base in the market. For
  instance, PayPal Holdings, Inc., an online
  payments company, is offering free card readers
  for low-volume businesses, allowing them to
  easily manage inventory and expand customers.
• The introduction of value-added benefits in these
  solutions to expand the scope of the device
  beyond payment acceptance options is stimulating
  the mobile card reader market.

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• Low operating costs and easy-to-use techniques
  have led to the increased use of these devices in
  the retail industry. Benefits, such as mobility,
  personalized service, quick checkout, and
  multiple pay options, have led retailers to adopt
  these readers in their shops, driving the mobile
  card reader market. These devices enhance the
  customer experience by reducing wait times and
  long queues at the checkout counter. The
  installation of the solutions also reduces the
  transaction processing time, allowing customers
  to have an easy and convenient shopping
  experience. Several companies are focusing on
  introducing these devices specific to retail
  industries.
• For instance, in July 2019, Thumbzup Innovations
  (Pty) Ltd. announced the launch of mobile readers
  with in-store Cx and omnichannel capabilities.
  The product offers service lookups, availability,
  ordering, and dispatching orders for e-commerce
  and retailers for enhancing the customer shopping
  experience.

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• Regional Analysis

• The Asia Pacific mobile card reader market is
  expected to witness high growth in the coming
  years. The presence of a large number of
  semiconductor and resistor manufacturing
  companies coupled with the easy availability of
  raw materials in the region is expected to drive
  the market growth. Moreover, the rise in
  government initiatives for digitization and shift
  toward cashless economy in countries including
  India, China, Japan, and Indonesia will provide
  lucrative opportunities for market growth.

• Competitive Analysis

• The key players in the mobile card reader market
  include Tappr, Clover Network, Electronic
  Merchant Systems, SumUp Inc., Paypal Inc, Intuit
  Inc, Square Inc., First Data Corporation, Ezetap
  Mobile Solutions Pvt. Ltd, Intuit Inc, Total
  System Services Inc, iZettle, JUSP, mSwipe, and
  PayAnywhere.

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