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Mobile Payments

Mobile POS might boost restaurant and retail revenue

Friday 25 March 2016 | 08:36 AM CET

Mobile POS can boost businesses, help with queue management and reduce barriers for purchasing for shoppers, according to The National Restaurant Association in survey of diners around alternative POS systems,

The survey shows that 79% responded that tech options increase convenience. Also, 70% said that more tech in restaurants increases order accuracy and speeds up service over all. 

Furthermore, 34% of people surveyed said that these kinds of tech options encourage them to dine out or order in more. 34% sounds like a low number, but it’s a group who weren’t planning on spending money to begin with, so any part of it will add incremental income.

Moreover, 35% said they’re more likely to choose a restaurant with tech options over one that doesn’t have any. When making a decision about where to eat, 3 out of 10 people make a decision based on criteria that has nothing to do with food.

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