White label mPOS mobile application

Posted on Posted in Blog

white label mPOS mobile application

 

The mPOS market picked up around 2012 with the penetration of the smartphone and faster mobile networks. The early application involving a mobile app on a smartphone/tablet along with a Bluetooth connecting card reading device allowed a merchant to accept card payments on the go. With time these mobile applications have evolved to perform a lot more functions. Some of them are:

  1. Product/Service catalog: Users can create and edit a product/service catalog, which lists the photos, price, discounts, description of the products and services they are offering. The user can select an item, add it to a cart and facilitate a checkout using a credit/debit card or cash. The catalog can be integrated with an inventory management system to keep the inventory information updated at all times.
  2. Quotations and Invoices: These documents can be generated and emailed to the customer from the smartphone/tablet. An integration with the accounting software keeps track of all transactions and updates records.
  3. Customers: Information about customers is captured on the smartphone and an integration with the CRM software updates the records for future communications
  4. Team: The admin can create a team and assign tasks, view transaction status and communicate through a built-in chat tool. Every information saved by the team is instantly updated in the integrated CRMs, accounting software.
  5. Dashboard: Reports and analytics are accessible not only on the smartphone/tablet but also on a merchant dashboard that can be accessed online from anywhere.

The white label mPOS mobile application has numerous applications. Some of them are:

  1. Non-profits for mobile fundraising
  2. Direct selling companies for product showcasing and taking orders.
  3. Home repair and service companies for scheduling tasks, accepting payments through field service professionals.
  4. Retail companies for ‘busting queues’ as sales associates can accept card payments from customers in the product aisles.

Flo2Cash specializes in creating a custom-built white label mPOS mobile application for banks, acquirers, aggregators, telecos enabling them to offer a low-cost solution to their merchants.