Using the mobile network to connect payment terminals boosts the availability of transactional services.
Using the mobile network to connect payment terminals boosts the availability of transactional services and helps retailers respond to consumer preferences and to get closer to them. The challenge in this regard is ensuring optimal mobile connectivity in all locations.
Most consumers now prefer to pay for their purchases electronically rather than with cash. This offers retailers the opportunity to get closer to the consumer. The spread of contactless payment in recent years, due to the pandemic, has accelerated this transition and thereby improved the user experience.
Retailers are increasingly relying on payment terminals a built-in SIM card. An example of this is a mobile shop like food trucks or other kind of mobile commerce. With such a device, someone with a mobile commerce or mobile shop can more easily offer its customers the option of paying for their purchases electronically. Thanks to this mobile connectivity, smart vending machines (i.e. machines with a built-in electronic payment terminal) are becoming more prevalent.
Furthermore, the development of electric transport in Europe, including the roll-out of the charging point network, relies on the mobile network allowing drivers of electric vehicles to pay for charging their battery wherever they are and whatever the time happens to be.
An additional guarantee for traditional businesses
The use of payment terminals based on the mobile network is also of interest for traditional and more classic shops.
Mobile connectivity is a back-up solution in case of failure of the landline or WiFi.
The availability of electronic payment services is critical for a retailer. When the terminal fails, the retailer is unable to make sales and generate the revenue necessary to sustain the business and therefore may be at risk of suffering what can quickly amount to substantial losses.
Low data volumes and a great deal of autonomy
More and more payments are made via the mobile network since the roll-out of 2G. The low volume of data exchanged in a transaction means that the terminals used require little energy input. Battery-operated devices can operate completely autonomously for long periods.
Guaranteeing service availability
Payment in a mobile context implies that certain issues must be taken into consideration, to guarantee the availability and efficiency of the service.
Today, these exchanges can also rely on the latest network technologies, such as LTE-M and more recently 5G, providing greater autonomy and security.
It is essential to be able to guarantee access to a mobile network, wherever you are, so that every transaction can be effective.
Optimal international coverage
In this perspective, POST Telecom offers a multi-operator connectivity service internationally.
Beyond the coverage of the Luxembourg territory, where POST operates its own network, our services benefit from an open approach to roaming.
All over the world, in every region, our SIM cards connect to the network that offers the best signal, regardless of the operator. A payment service operator or a retailer operating in several countries can therefore easily deploy a network of mobile terminals throughout Europe and beyond.
The retailer has the guarantee to know that he has the best network coverage.
A unique and reliable partner
With its SIM cards, POST Telecom already provides connectivity to many objects and devices around the world. These can be payment terminals, cars (which are constantly exchanging more and more data), sensors or even devices that you want to locate, track, or easily update remotely.
Through our services, customers can deploy a large network of terminals without having to multiply partners and contacts. If we take the case of a network of vending machines or a brand with many points of sale on a national or international scale, this is an undeniable advantage. The retailer or payment service operator, beyond the guarantee of reliable and robust mobile connectivity, has a single point of contact, with a single support service available 24/7. He also has access to a single console, offering him a consolidated view of his devices. The console allows him to check the availability of the service, monitor the volumes of data exchanged and manage all the SIMS cards deployed in the various terminals.