Mobile payments are rapidly reshaping the financial industry, with Tap to Phone technology emerging as a key enabler for businesses. It transforms smartphones into advanced payment terminals, offering a seamless payment experience for both merchants and consumers. The market for Tap to Phone solutions is expanding at an accelerated pace, expected to grow from $293 million in 2023 to projected $1,077 million by 2030.
As payment companies – whether banks, acquirers, or payment service providers – look at opportunities in the market, a strategic question arises: Should you build your own MPoC Solution, or partner with a third-party MPoC provider? This white paper provides a detailed analysis to guide payment companies through this complex decision-making process.
