Fintech Insights - POS (Point of Sale) Innovations Accelerating, User Experience Rapidly Changing
Recent innovations in the POS market show that there is significant change coming to the user experience in store, with innovations from the online arena coming into the in-store experience.
Square announced that Afterpay is being integrated into POS terminals in the US and Australia. Square is a leading payments processor based in the US, which acquired Afterpay, a leading BNPL (Buy Now Pay Later) provider in August 2021. To use Afterpay in-person, buyers simply tap to pay using a mobile wallet loaded with their virtual Afterpay card, and pay over four interest-free instalments. Square sellers receive their full earnings from each sale immediately.
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