Merchant Payments
Transform your smartphone/tablet into a POS device
Estel’s m-POS Solution is a unique, cost-effective mobility solution that allows android devices such as smartphones and tablets to be used as Mobile POS (mPOS) systems, with the same capabilities as traditional POS (Point of Sale) terminals to accept & process card based payment transactions.. It enables retailers and merchants to open a new channel of service for their card based customers. The solution diminishes long queues, while providing extended product information to aid selling and enhancing the shopping experience through a digital interface.
Estel's m-POS Solution is a high availability, robust and flexible solution that can be integrated either with an acquiring bank’s switch or Payment Service Provider’s switch. The distributed architecture is scalable both vertically and horizontally – from catering to thousand customers to millions at a nominal cost
Estel mPOS (Mobile Point of Sale)
mPOS stands for Mobile Point of Sale (POS), which is a merchant payment solution from Estel. A smartphone, combined with an mPOS application & external Bluetooth card reader, turns the mobile phone into a card-accepting POS terminal. This enables merchants to accept card payments, in the same way as traditional POS terminals, but at a fraction of the cost, and with convenience & flexibility of full mobility (Anytime, Anywhere).
A traditional POS (also popular as credit card terminal) hardware is quite expensive requiring significant investment, which is often not feasible for small merchants. An Estel mPOS on the other hand is inexpensive compared to the traditional POS. In most countries, a large number of people do not have access to banking & financial services, whereas they either have a mobile phone or have access to a mobile phone & service.
Estel m-POS platform is operated by Acquiring Banks, or Payment Service Providers, to enable merchants to accept card payments using their mobile phones. Additionally, merchants get online access to real-time sales & transaction reports, which help them gain valuable information about their consumer’s behaviour.
Our approach
At Estel, our approach to delivering Mobile Point of Sale (mPOS) solutions Payment Service providers and financial institutes is rooted in a multi-faceted commitment. We combine cutting-edge technology, rapid implementation, and cost-effectiveness to ensure a faster return on investment (ROI) while boosting your revenue.
Our customer-centric approach revolves around understanding your unique needs and crafting innovative solutions together, fostering growth and success. We take pride in our track record, backed by compelling case studies that highlight the tangible benefits of our mPOS solutions. These real-world success stories demonstrate how our technology not only streamlines operations but also significantly increases revenue for our customers.
With Estel, you can expect a seamless, secure, and adaptable mPOS platform that not only meets but exceeds industry standards and regulations. Our partnership is built on trust and a shared commitment to navigating the dynamic digital landscape, ensuring that your telecom or finance company achieves sustained success.
Components of Estel’s mPOS Solution
Smartphone, Card-reader, and (optional) Printer: The components form the front end of the solution. The smartphone runs Estel’s mPOS Software application which provides an interface similar to a standard POS terminal. A fully certified card-reader connected with the phone reads the debit/credit cards and allows customers to authenticate using the card PIN. The printer, a low-cost Bluetooth thermal printer, connected with the phone prints the receipts/statements. This component is optional since the solution can deliver downloadable eReceipts via SMS or email.
Estel mPOS application
A smartphone POS client application. This app is compatible with most of the smartphones in the market. So, a merchant may use his/her existing handset to install the mPOS client. This smartphone client provides a frontend interface to the merchant and communicates with Estel’s mPOS server. This feature-rich mPOS application is capable of doing much more than a traditional POS terminal.
Merchant Portal (web & mobile)
Provides merchant & device registration, activation, profile & merchant self-care options. It also provides online reports & access to real-time transactions & settlement data/span>
Features
Key Features of Estel’s mPOS Solution
Robust Transaction Processing
Estel’s mPOS Solution is built on our high-performance transaction engine, capable of processing over 1000 Transactions per Second (TPS).
Cross-Platform Compatibility
The mPOS Software Application is currently available for Android, with iOS compatibility coming soon, ensuring accessibility across a wide range of mobile devices.
Estel’s mPOS Solution combines speed, security, and versatility to empower merchants with a modern, efficient payment processing solution.
Key benefits
Technical Advantages of m-POS
Multi-Device Support
Enjoy the flexibility of a multi-device platform, accommodating various hardware configurations and user preferences.
Cost-Effective Implementation
Minimize initial infrastructure investments, reducing the burden on your budget.
Leverage Existing Systems
Tap into existing POS system logic and rules, optimizing your operational efficiency without overhauling your processes.
Database Integration
No need for a separate database, simplifying your system architecture and reducing complexity.
Customizable User Interface
Easily customize the client-side user interface (UI) framework, tailoring the experience to meet your specific business needs.
Business Advantages of m-POS
Market Expansion
Seamlessly penetrate new merchant segments by offering convenient card acceptance solutions, expanding your customer base.
Cost Reduction
Lower card acceptance costs, optimizing your financial operations and enhancing profitability.
Estel's m-POS solution offers a comprehensive set of business and technical advantages, empowering your organization to thrive in the evolving payment landscape.
World view
Mobile Point of Sale (mPOS) is on the cusp of transforming global payment landscapes. By 2023, a staggering one in four individuals worldwide, totaling approximately 1.9 billion people, will be utilizing mobile POS payments, with an average annual transaction value per person reaching $2,100. These remarkable statistics underscore the explosive growth of this sector. In 2022, the global mPOS terminals market already achieved a valuation exceeding $36 billion, and it's projected to surge to $40.8 billion this year, setting a course for an astonishing $85.1 billion by 2030, boasting a robust 10% CAGR from 2023 to 2032.
Transaction values within the Mobile POS Payments market are set to reach an astounding $3.30 trillion in 2023 and are forecasted to sustain an annual growth rate of 14.03% between 2023 and 2027, ultimately culminating in an estimated total of $5.58 trillion by 2027. These figures illuminate the profound impact and continued expansion of mPOS on the global economic stage, shaping a cashless and interconnected future for us all.
Estel's mPOS Solution revolutionizes payment processing, combining speed, security, and flexibility to empower businesses of all sizes. Enable secure transactions and support for various card reader types. Streamlined merchant onboarding, customizable receipts, and real-time transaction management enhance operational efficiency.
Our solution bridges the gap between cash and card payments, fostering a cashless, paperless environment. Plus, with multi-device support and minimal infrastructure investment, we make it easy for you to adapt and grow.
Estel's mPOS Solution is your key to unlocking new market segments, reducing costs, improving cash flow, and thriving in an increasingly digital world.
