The Latin America, Middle East and Africa SoftPoS Market would witness market growth of 23.4% CAGR during the forecast period (2023-2030).
The disruptive SoftPoS technology allows individuals and businesses to accept contactless payments from cards or NFC wallets on their devices while capturing financial PINs and additional authentication as required. Through SoftPoS, a phone can serve as a payment terminal, eliminating the transformation for additional hardware. Users only need to download the software to convert an Android mobile device with NFC capabilities into a payment acceptance device for merchants or individuals. Small and medium-sized enterprises and merchants can accept digital payments on their smartphones using SoftPoS without making additional investments.
Recently, point-of-sale terminals have diminished the need for costly equipment and special bank connections. Increased PoS terminal functionality offers reliable solutions that go beyond payments. Mobile PoS terminal development is spurred by rising mobile phone usage. These terminals allowed merchants to connect mobile devices to card platforms. They reduced the price for merchants and addressed the issue of banks having dedicated lines to connect.
As a result of changes in customer behaviour brought on by COVID, Latin America is rapidly approaching a turning point in the adoption of contactless technology. Customers and companies have adopted contactless payments throughout Latin America due to their quickness and ease. Economic growth in the Middle East has led to an increase in consumer spending. Contactless payments offer a convenient and efficient way for consumers to make transactions. Additionally, online payment is anticipated to increase in nations with well-developed infrastructure as digital payments speed up. Therefore, the regional market will grow significantly in the coming years.
The Brazil market dominated the LAMEA SoftPoS Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $17.6 Million by 2030. The Argentina market is estimated to grow at a CAGR of 24.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 23.1% during (2023 - 2030).
Based on End-User, the market is segmented into Retail, Restaurants/Hospitality, Service Based Business, and Others. Based on Enterprise Type, the market is segmented into Small Business and Medium Business. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide SoftPoS Market is Projected to reach USD 1.04 Billion by 2030, at a CAGR of 20%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Worldline (Ingenico Group), CM.com N.V., EMI Global Corp (M4Bank), Fime SAS, Wizzit (Pty) Ltd, Tidypay AS, Bindo Labs, Inc., Fairbit LLC, Alcinéo, Asseco Group (Asseco Poland S.A.).
Scope of the Study
Market Segments Covered in the Report:
By End-User
- Retail
- Restaurants/Hospitality
- Service Based Business
- Others
By Enterprise Type
- Small Business
- Medium Business
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Worldline (Ingenico Group)
- CM.com N.V.
- EMI Global Corp (M4Bank)
- Fime SAS
- Wizzit (Pty) Ltd
- Tidypay AS
- Bindo Labs, Inc.
- Fairbit LLC
- Alcinéo
- Asseco Group (Asseco Poland S.A.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA SoftPoS Market, by End-User
1.4.2 LAMEA SoftPoS Market, by Enterprise Type
1.4.3 LAMEA SoftPoS Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. LAMEA SoftPoS Market by End-User
4.1 LAMEA Retail Market by Country
4.2 LAMEA Restaurants/Hospitality Market by Country
4.3 LAMEA Service Based Business Market by Country
4.4 LAMEA Others Market by Country
Chapter 5. LAMEA SoftPoS Market by Enterprise Type
5.1 LAMEA Small Business Market by Country
5.2 LAMEA Medium Business Market by Country
Chapter 6. LAMEA SoftPoS Market by Country
6.1 Brazil SoftPoS Market
6.1.1 Brazil SoftPoS Market by End-User
6.1.2 Brazil SoftPoS Market by Enterprise Type
6.2 Argentina SoftPoS Market
6.2.1 Argentina SoftPoS Market by End-User
6.2.2 Argentina SoftPoS Market by Enterprise Type
6.3 UAE SoftPoS Market
6.3.1 UAE SoftPoS Market by End-User
6.3.2 UAE SoftPoS Market by Enterprise Type
6.4 Saudi Arabia SoftPoS Market
6.4.1 Saudi Arabia SoftPoS Market by End-User
6.4.2 Saudi Arabia SoftPoS Market by Enterprise Type
6.5 South Africa SoftPoS Market
6.5.1 South Africa SoftPoS Market by End-User
6.5.2 South Africa SoftPoS Market by Enterprise Type
6.6 Nigeria SoftPoS Market
6.6.1 Nigeria SoftPoS Market by End-User
6.6.2 Nigeria SoftPoS Market by Enterprise Type
6.7 Rest of LAMEA SoftPoS Market
6.7.1 Rest of LAMEA SoftPoS Market by End-User
6.7.2 Rest of LAMEA SoftPoS Market by Enterprise Type
Chapter 7. Company Profiles
7.1 Worldline (Ingenico Group)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional and Segmental Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Acquisition and Mergers:
7.1.5 SWOT Analysis
7.2 CM.com N.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 SWOT Analysis
7.3 EMI Global Corp (M4Bank)
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 Fime SAS
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Wizzit (Pty) Ltd
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Product Launches and Product Expansions:
7.5.3 SWOT Analysis
7.6 Tidypay AS
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Bindo Labs, Inc.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Fairbit LLC
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Alcinéo
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.3 SWOT Analysis
7.10. Asseco Group (Asseco Poland S.A.)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental Analysis
7.10.4 SWOT Analysis
TABLE 1 LAMEA SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 2 LAMEA SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 3 LAMEA SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 4 LAMEA SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 5 LAMEA Retail Market by Country, 2019 - 2022, USD Thousands
TABLE 6 LAMEA Retail Market by Country, 2023 - 2030, USD Thousands
TABLE 7 LAMEA Restaurants/Hospitality Market by Country, 2019 - 2022, USD Thousands
TABLE 8 LAMEA Restaurants/Hospitality Market by Country, 2023 - 2030, USD Thousands
TABLE 9 LAMEA Service Based Business Market by Country, 2019 - 2022, USD Thousands
TABLE 10 LAMEA Service Based Business Market by Country, 2023 - 2030, USD Thousands
TABLE 11 LAMEA Others Market by Country, 2019 - 2022, USD Thousands
TABLE 12 LAMEA Others Market by Country, 2023 - 2030, USD Thousands
TABLE 13 LAMEA SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 14 LAMEA SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 15 LAMEA Small Business Market by Country, 2019 - 2022, USD Thousands
TABLE 16 LAMEA Small Business Market by Country, 2023 - 2030, USD Thousands
TABLE 17 LAMEA Medium Business Market by Country, 2019 - 2022, USD Thousands
TABLE 18 LAMEA Medium Business Market by Country, 2023 - 2030, USD Thousands
TABLE 19 LAMEA SoftPoS Market by Country, 2019 - 2022, USD Thousands
TABLE 20 LAMEA SoftPoS Market by Country, 2023 - 2030, USD Thousands
TABLE 21 Brazil SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 22 Brazil SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 23 Brazil SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 24 Brazil SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 25 Brazil SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 26 Brazil SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 27 Argentina SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 28 Argentina SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 29 Argentina SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 30 Argentina SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 31 Argentina SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 32 Argentina SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 33 UAE SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 34 UAE SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 35 UAE SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 36 UAE SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 37 UAE SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 38 UAE SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 39 Saudi Arabia SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 40 Saudi Arabia SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 41 Saudi Arabia SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 42 Saudi Arabia SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 43 Saudi Arabia SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 44 Saudi Arabia SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 45 South Africa SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 46 South Africa SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 47 South Africa SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 48 South Africa SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 49 South Africa SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 50 South Africa SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 51 Nigeria SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 52 Nigeria SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 53 Nigeria SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 54 Nigeria SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 55 Nigeria SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 56 Nigeria SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 57 Rest of LAMEA SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 58 Rest of LAMEA SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 59 Rest of LAMEA SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 60 Rest of LAMEA SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 61 Rest of LAMEA SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 62 Rest of LAMEA SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 63 Key Information – Worldline
TABLE 64 Key Information – CM.com N.V.
TABLE 65 Key Information – EMI Global Corp (M4Bank)
TABLE 66 Key Information – Fime SAS
TABLE 67 Key Information – Wizzit (Pty) Ltd
TABLE 68 Key Information – Tidypay AS
TABLE 69 Key Information – Bindo Labs, Inc.
TABLE 70 Key Information – Fairbit LLC
TABLE 71 Key Information – Alcinéo
TABLE 72 Key Information – Asseco Group
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA SoftPoS Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting SoftPoS Market
FIG 4 Porter’s Five Force Analysis: SoftPoS Market
FIG 5 LAMEA SoftPoS Market share by End-User, 2022
FIG 6 LAMEA SoftPoS Market share by End-User, 2030
FIG 7 LAMEA SoftPoS Market by End-User, 2019 - 2030, USD Thousands
FIG 8 LAMEA SoftPoS Market share by Enterprise Type, 2022
FIG 9 LAMEA SoftPoS Market share by Enterprise Type, 2030
FIG 10 LAMEA SoftPoS Market by Enterprise Type, 2019 - 2030, USD Thousands
FIG 11 LAMEA SoftPoS Market share by Country, 2022
FIG 12 LAMEA SoftPoS Market share by Country, 2030
FIG 13 LAMEA SoftPoS Market by Country, 2019 - 2030, USD Thousands
FIG 14 SWOT Analysis: Worldline
FIG 15 SWOT Analysis: CM.com N.V.
FIG 16 SWOT Analysis: EMI GLOBAL CORP (M4BANK)
FIG 17 SWOT Analysis: Fime SAS
FIG 18 Recent strategies and developments: Wizzit (Pty) Ltd
FIG 19 SWOT Analysis: Wizzit (Pty) Ltd
FIG 20 SWOT Analysis: Tidypay AS
FIG 21 SWOT Analysis: Bindo Labs, Inc.
FIG 22 SWOT Analysis: Fairbit LLC
FIG 23 SWOT Analysis: Alcinéo
FIG 24 SWOT Analysis: Asseco Group