The story of Square, the company that developed the earliest version of modern mPOS (mobile Point of Sale) systems, is a classic case of necessity bearing the fruit of a future revolution. The idea for a mobile app based payment system, cutting down on excessive credit/debit card-based transaction charges, was born when one of the co-founders lost sales in his glassware shop because he had the option for only cash transactions.
Retailers who are catering to the millennial audience know that a challenge like the above one is a deal-breaker. The impatient, impulsive and informed shoppers of this era will choose to walk out rather than deal with longer check-out lines, uninterested store associates and an overall uninspiring shopping experience. It is no wonder that new age inventions are directed towards not just bridging the gap but intertwining technologies with the human way of life.