Product Code: ETC8845947 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The shift towards digital payments in the Philippines is fueling the growth of the mobile point-of-sale (mPOS) market. Small businesses, food vendors, and retail outlets are rapidly adopting mPOS solutions to facilitate seamless transactions. The integration of contactless payment technologies, QR codes, and smartphone-based POS systems is making cashless transactions more accessible and convenient for consumers.
The increasing adoption of digital payments and mobile commerce is fueling the demand for mobile point of sale (mPOS) solutions in the Philippines. Small and medium-sized enterprises (SMEs) are leveraging mPOS devices to enhance transaction efficiency and improve customer convenience. Additionally, the expansion of contactless payment options, government support for cashless transactions, and affordability of mPOS solutions are further driving market growth.
One of the primary challenges in the mobile point of sale (mPOS) market is the slow adoption rate among small businesses due to concerns about transaction fees and hardware costs. Additionally, security vulnerabilities in wireless transactions raise trust issues among merchants and customers. The lack of widespread internet connectivity in rural areas also limits the potential market reach of mPOS solutions.
The rapid adoption of digital payments is fueling the demand for mobile point-of-sale (mPOS) systems in the Philippines. Retailers, restaurants, and service providers are transitioning to cashless transactions, creating a strong investment landscape for mPOS solutions. Businesses can invest in the development, distribution, and integration of affordable and secure mPOS terminals tailored for small and medium-sized enterprises.
The BSP regulates mobile point-of-sale (mPOS) systems to ensure secure digital transactions. Financial technology (FinTech) companies offering mPOS solutions must obtain licenses and comply with anti-money laundering (AML) laws. The government promotes the use of digital payment solutions to enhance financial inclusion, especially for small businesses and entrepreneurs.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Mobile Point of Sale (mPOS) Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Mobile Point of Sale (mPOS) Market - Industry Life Cycle |
3.4 Philippines Mobile Point of Sale (mPOS) Market - Porter's Five Forces |
3.5 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume Share, By Solution Type, 2021 & 2031F |
3.6 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume Share, By End use, 2021 & 2031F |
4 Philippines Mobile Point of Sale (mPOS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Mobile Point of Sale (mPOS) Market Trends |
6 Philippines Mobile Point of Sale (mPOS) Market, By Types |
6.1 Philippines Mobile Point of Sale (mPOS) Market, By Solution Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Solution Type, 2021- 2031F |
6.1.3 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Integrated Card Reader Solutions, 2021- 2031F |
6.1.4 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Card Reader Accessories, 2021- 2031F |
6.1.5 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Dongles, 2021- 2031F |
6.1.6 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Sleeves, 2021- 2031F |
6.2 Philippines Mobile Point of Sale (mPOS) Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Biometrics, 2021- 2031F |
6.2.3 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Hybrid Technology Solutions, 2021- 2031F |
6.2.4 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By EMV Chip and Pin, 2021- 2031F |
6.2.5 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Magnetic-stripe, 2021- 2031F |
6.2.6 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Chip and Sign, 2021- 2031F |
6.2.7 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Near Field Communication (NFC), 2021- 2031F |
6.3 Philippines Mobile Point of Sale (mPOS) Market, By End use |
6.3.1 Overview and Analysis |
6.3.2 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Restraunts, 2021- 2031F |
6.3.3 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Hospitality, 2021- 2031F |
6.3.4 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Health Care, 2021- 2031F |
6.3.5 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Retail, 2021- 2031F |
6.3.6 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Entertainment, 2021- 2031F |
6.3.7 Philippines Mobile Point of Sale (mPOS) Market Revenues & Volume, By Government, 2021- 2031F |
7 Philippines Mobile Point of Sale (mPOS) Market Import-Export Trade Statistics |
7.1 Philippines Mobile Point of Sale (mPOS) Market Export to Major Countries |
7.2 Philippines Mobile Point of Sale (mPOS) Market Imports from Major Countries |
8 Philippines Mobile Point of Sale (mPOS) Market Key Performance Indicators |
9 Philippines Mobile Point of Sale (mPOS) Market - Opportunity Assessment |
9.1 Philippines Mobile Point of Sale (mPOS) Market Opportunity Assessment, By Solution Type, 2021 & 2031F |
9.2 Philippines Mobile Point of Sale (mPOS) Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Philippines Mobile Point of Sale (mPOS) Market Opportunity Assessment, By End use, 2021 & 2031F |
10 Philippines Mobile Point of Sale (mPOS) Market - Competitive Landscape |
10.1 Philippines Mobile Point of Sale (mPOS) Market Revenue Share, By Companies, 2024 |
10.2 Philippines Mobile Point of Sale (mPOS) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |