Smart POS terminals are capable of offering enhanced capabilities that can ease the common burdens faced by retailers, such as inventory and employee management. Whilst mPOS and soft POS solutions are effective payment processors, they lack any additional features by design, instead opting to prioritise convenience and portability. As such, smart POS systems are able to effectively differentiate themselves and establish greater value for fixed POS through these appended features.
Despite the additional revenue that can be generated by accepting BNPL, it is not as widely accepted as credit cards - with many BNPL providers only being accepted at specific partner merchants. As the use of credit cards is well established, the payment method is commonly accepted in most stores, both online and in physical stores. BNPL does not yet have this luxury, as the offering is still relatively nascent, and the appropriate infrastructure is still being developed and implemented.
The growing demand and adoption rates of EVs (electric vehicles) means that battery manufacture levels need to rise considerably in the coming years, which will push manufacturers to find more cost-effective and scalable solutions for battery production.
Not all ecosystem actors are as enthusiastic for the use of blockchain and cryptocurrencies in cross-border payments, mainly due to the volatility of these currencies. As such, one alternative has emerged to offer partial stability in cross-border transfer and payments involving cryptocurrencies, namely, stablecoins.