Payments

Ingenico partners with Stratix to offer mPOS, a market ready to explode

A big shift from traditional POS to mPOS systems is taking place as we speak. A recent study described the trend as. POS market is shrinking by 2.5% while mPOS market is grwoing at 9.2% in the US. On Nov 5th 2013, another mobile services provider Stratix announced a partnership with Ingenico to provide merchants with a completely managed mobile point of sale system.

Stratix is an outsourcing Managed Mobile Services provider. The company was recognized in Gartner’s First Magic Quadrant for Managed Mobility Services. Ingenico is a POS giant and has more than 20 Mn terminals in over 125 countries. The company employs around 4,500 persons globally.

The combined offering of Stratix and Ingenico claims to provide merchants and businesses with a completely managed mPOS. The platform comes with a support solution option which helps manage ‘per device’ monthly payment plan.

The solution claimed some benefits of its MMS:

  • Dependable support plans and outsourced mobile service.

  • Improvement of internal IT staff productivity.

  • Regular access to improved an new mPOS devices in the market via Embedded Technology Refresh.

  • Consistent and predictable monthly mobility expenses claiming to eliminate CAPEX spikes.

  • Real-time internal reporting and immediate device replacement incase of damage.

  • A single source for mobile helpdesk, logistics and mPOS repair. 

"mPOS technology has revolutionized almost every aspect of transactional business including the way customers interact with brands, products and services," said Rod Hometh, V.P Market Development at Ingenico, North America. "Our partnership with Stratix significantly expands our joint mobile solutions and offerings. Collectively, we are ready to deliver a unique value proposition that offers secure mobile POS devices coupled with a critical and essential management component" he added.

Only yesterday we had written about the collaborative mPOS solution from Vantiv and Sprint. Vantiv Mobile Checkout enables business owners to analyze and report customer trends. It allows them to track profitability and sales, market to consumers, manage inventory and securely process onsite sales. You can read Lets Talk Payments Article on Vantiv Mobile Checkout.

LTP View: Stratix looks to utilize Ingenico’s vast enterprise which includes more than 20 Mn terminals deployed in around 125 countries worldwide. According to a report by knowledgefaber about 35%+ merchants in the U.S have still not adopted any POS. There is a huge opportunity that exists. Stratix and Ingenico’s combined offering could tap into this market with its management component for merchants and secure payment transactions for customers.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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