Archive · 30 Jun 2025
Worldline Report: SoftPOS Transforming Payments Across Industries
Imagine your phone can become a credit card machine!
Worldline released a report about SoftPOS, a technology that does just that.
It's like having a payment system on your phone.
Digital payments are growing in India, and this new system is expected to grow in the coming years.
It's especially helpful for small businesses and in places like shops, restaurants, and public transport.
This technology allows for easier payments and is expected to be a huge growth sector.
Worldline released a white paper on SoftPOS, exploring its impact on various industries.
India's mobile payment market is projected to reach $4.99 trillion by 2033, with a CAGR of 21.56%.
SoftPOS deployments are expected to exceed 34.5 million globally by 2027.
MSMEs will drive over 60% of SoftPOS adoption.
SoftPOS applications span retail, restaurants, transit, healthcare, and financial services.
- Who
- Worldline, businesses, and consumers are all impacted.
- What
- Worldline released a white paper on SoftPOS, exploring its impact.
- When
- The white paper was released recently. Projections extend to 2027 and 2033.
- Where
- The report focuses on India and global markets.
- Why
- SoftPOS is changing payments and the report explains the impact.
Current Payment Infrastructure
SoftPOS Benefits
Payment System Alternatives
Current Payment Infrastructure
Requires traditional POS systems.
SoftPOS Benefits
SoftPOS offers an alternative by using smartphones for payments.
- Company
- Worldline
- Report Title
- SoftPOS: Transforming Contactless Payments Across Industries
- Mobile Payment Market (2024)
- $792.4 billion
- Mobile Payment Market (2033)
- $4.99 trillion
- SoftPOS Deployments (2027)
- 34.5 million+
- CAGR
- 21.56%
- MSME Adoption
- 60%+