Stripe launched its in-store POS system in Singapore as the wider region sees growing digital payment use and demand for unified commerce.

Payments Ecosystem: POS hardware, POS software, and gateway providers are working to become one-stop shops for merchants. Offering simple, robust access to front- and back-end solutions across industries lets them better serve merchants demanding integrated solutions.

Cash is on the decline everywhere, accounting for at most 44% of point-of-sale (POS) transaction value regionally and just 18% globally in 2021. Its share will drop to 10% worldwide by the end of 2025, with North America, Asia-Pacific, and Europe leading the charge away from physical money.

The offering gives small merchants an affordable digital payments tool and could complement existing POS tech for large businesses.

New POS Technology. Why it matters: New forms of POS hardware give PSPs access to small sellers. The smallest firms, especially nonemployer businesses, are largely unable or unwilling to pay for terminal infrastructure. Enabling in-person payment acceptance for these players as they increasingly begin selling in person can bring millions of previously unreachable sellers into PSPs’ purview.

The firm has been innovating in the point-of-sale (POS) space. Amazon One, which lets customers pay for services or authenticate identity with their palms, is now operating within more than 70 locations, including Whole Foods and third-party businesses. And it’s reportedly exploring an initiative called Project Santos, which aims to launch a POS system designed for small businesses.

BNPL providers are in the eye of a perfect storm, as investor and regulatory scrutiny, increasing competition, and the prospect of recession put them at risk. But it’s still early days—and we see foresee a long growth runway. Read on to learn how retailers and providers can navigate the current landscape to their maximum benefit.

BNPL providers should prepare now for potential regulatory changes affecting credit reporting, customer creditworthiness, late fees, and more.

Proximity mobile payments are POS transactions made by using a mobile phone as a payment method, including scanning, tapping, or swiping a mobile phone at the POS to complete a transaction. They are also known as POS mobile wallet payments and POS mobile contactless payments. Major providers include Google Pay, Samsung Pay, and Apple Pay. Factors Shaping Proximity Mobile Payment Usage.

The news: PayPal’s small-business point-of-sale (POS) brand, Zettle, launched a software POS (softPOS) solution for merchants in the Netherlands, the UK, and Sweden, per a press release. Here’s how it works: Tap to Pay with Zettle lets small businesses accept payments from contactless cards and mobile wallets with their Android devices.

The news: Oracle introduced Food and Beverage Payment Cloud Service, a point-of-sale (POS) system that helps restaurants accept contactless payments, per a press release. Under the hood: Oracle is using Adyen for Platforms—the payment processor’s solution that lets platform-based businesses onboard sellers and submerchants and accept payments on their behalf—to help power the service.

About 43% of point-of-sale (POS) financing applicants in the US were subprime borrowers, compared with 15% of the broader credit-active population. Gen Zers and millennials made up 61% of all POS applicants. Only 35% of the general credit-active population belongs to those age groups.

Under the hood: The payment suite brings together the Clover point-of-sale (POS) platform and Bypass, a back-office management system that Fiserv acquired in 2020. Clover Sport offers venues contactless payment acceptance, order management, and inventory tracking. The trend: Fiserv has been on a verticalization push—part of an industry-wide trend of developing more tailored offerings.

It also integrates with point-of-sale (POS) systems like Clover and delivery apps like DoorDash and Uber Eats. What this means: Block can use GoParrot to fortify the Square ecosystem. GoParrot can be combined with Square for Restaurants. The suite includes payment hardware and software tailored for dining establishments.

The rise in biometric payment cards—which Mastercard is already involved in—could ease consumers into the space and pave the way for facial recognition and fingerprint-based hardware to take off at the POS.