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The Mexico-based payments company Clip announced the launch of its latest point-of-sale terminal, the Clip Total 3. And technology provider SeoSamba launched Point-of-Sale, an app that incorporates programming from Stripe Inc. and enables iOS and Android tap-to-pay transactions on smart phones or tablets with wireless links to printers and card readers.
Clip, founded in 2012 by a former PayPal executive, says the new, $899 device includes functions to manage orders as well as sales. The terminal, which succeeds Clip Total and Clip Total 2, also incorporates Clip Catalog, which assists in inventory management, the company says.
Focused on the Mexican retail market, especially the highly competitive restaurant vertical, the new device also offers or links to or features a customer-facing screen, a high-speed thermal printer, and a front and rear camera to snap products and codes, the company says. “With this new generation, we offer entrepreneurs, merchants, and companies a comprehensive tool to manage their entire operation,” says Fernando Gómez Rayón, Clip’s head of payments and go to market, in a statement. Information on pricing for the new device was not immediately available.
POS providers have increasingly shifted to devices that can handle a wider array of business functions as competition in the space grows more intense. Growth in the North American market remains steady for now, according to statistics. Sales through 2030 are expected to grow at a compound annual rate of 6.1%, to $42 billion, by 2030, according to Grand View Research.
Also responding to that growth potential, Camden, Del.-based SeoSamba says its POS app is aimed at brick-and-mortar stores but also online sellers and pop-up events. Also featured is coverage of sales, inventory, and shipments across multiple locations in real time, the company says. Projections were not immediately available regarding the sales potential for the new device.
