United Kingdom SoftPOS Market Size, Share, and COVID-19 Impact Analysis, By Operating System (Android, iOS, and Others), By End Use (Retail, Restaurants, Public Transport, Hospitality, and Others), and United Kingdom SoftPOS Market Insights, Industry Trend, Forecasts to 2035.

United Kingdom SoftPOS Market Insights Forecasts to 2035

• The United Kingdom SoftPOS Market Size was estimated at USD 23.78 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 23.87% from 2025 to 2035
• The United Kingdom SoftPOS Market Size is Expected to Reach USD 250.56 Million by 2035

According to a research report published by Spherical Insights and Consulting, the United Kingdom SoftPOS Market Size is anticipated to reach USD 250.56 Million by 2035, growing at a CAGR of 23.87% from 2025 to 2035. A key driver of the market's expansion is the growing use of their ease of integration, enhanced flexibility, enhanced security, and lower costs. The market is growth is expanding due to the rising number of smartphone users and the growing need for digitalization in every industry.

Market Overview

The United Kingdom softpos market refers to the industry focused on the production and application of specialized point-of-sale (POS) hardware, mobile devices (such as smartphones and tablets) that can function as contactless payment terminals. SoftPoS, a software-based contactless payment system, enables businesses to take digital payments at a reasonable cost while enhancing the customer experience. It does this by using Near-field Communication (NFC) technology found in tablets and smartphones as a POS terminal. These technologies simplify and lower the cost of setting up conventional point-of-sale terminals while doing away with the need for extra hardware. Tap-on-phone and tap-to-phone are other names for soft PoS solutions. A SoftPOS app is installed by the merchant. The client uses the merchant's phone to tap their contactless card or device. The application uses a payment gateway or acquirer to safely process the payment. As point-of-sale technology advances toward a low-cost, scalable, mobile-first infrastructure that democratizes access to digital payments. It is essential to the expansion of cashless economies and financial inclusion on a large scale.

Report Coverage

This research report categorizes the market for the United Kingdom softpos market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom softpos market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom softpos market.

Driving Factors

The market for United Kingdom softpos is driven by the country's explosive growth in the IT sector, with substantial investments made by top major players in next-generation technology. The SoftPOS industry's expansion is also being aided by the quick development of payment technologies. The technology of Near-Field Communication (NFC) is essential to the SoftPOS system. SoftPOS securely handles transactions by utilizing the built-in features of mobile devices, like NFC and QR code scanning. This lowers expenses and simplifies the payment process for companies by reducing the need for extra hardware, which increases the market revenue. The market is expanding due to strong regulatory support for digital payments, increasing fintech innovations. In addition, the growing demand for cost-effective payment solutions among small and medium-sized enterprises (SMEs) and the rise of mobile-first banking solutions are accelerating the adoption of SoftPOS across European markets.

Restraining Factors

However, availability on Android NFC-enabled smartphones has a minimal transaction limit; this element can impede market expansion. Moreover, some of the limitations of current SoftPOS solutions include their limited support for cardholder verification techniques, their exclusive compatibility with international card schemes, and their limited use in areas where PIN validations are done offline.

Market Segmentation

The United Kingdom softpos market share is classified into operating system and end use.

• The Android segment dominated the market in 2024 and is projected to grow at a substantial CAGR over the forecast period.

The United Kingdom softpos market is divided by operating system into Android, iOS, and others. Among these, the Android segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. This is due to the growing number of Android smartphone or mobile users is therefore a key driver of the segment expansion. Further, more affordable and more customizable uses as compared to iOS devices, along with remaining the go-to option for businesses in a variety of economic circumstances.

• The restaurants segment held a significant share in 2024 and is anticipated to grow at a rapid pace over the forecast period.

The United Kingdom softpos market is segmented by end use into retail, restaurants, public transport, hospitality, and others. Among these, the restaurants segment held a significant share in 2024 and is anticipated to grow at a rapid pace over the forecast period. The efficiency of the check-in and checkout procedures is improved by this technology, which helps both restaurant management and patrons. It also increases employee productivity and enhances the overall customer experience. The use of contactless payments has become increasingly common in the dining and hospitality sectors. Order collecting and other essential business operations at the restaurant can be easily linked with the SoftPOS system.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom softpos market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Seymour Direct
• Burbank
• UTP (tapeeno)
• Fibonatix
• Tribe Payments
• Others

Recent Developments:

• In July 2023, Phos by Ingenico teamed up with Tyl by NatWest to roll out an Android-based SoftPoS (Software Point-of-Sale) solution in the UK. This partnership enables merchants to accept contactless payments, like debit and credit cards or digital wallets, directly on NFC-enabled Android smartphones or tablets, without needing extra hardware.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at United Kingdom, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom softpos market based on the below-mentioned segments:

United Kingdom SoftPOS Market, By Operating System

• Android
• iOS
• Others

United Kingdom SoftPOS Market, By End Use

• Retail
• Restaurants
• Public Transport
• Hospitality
• Others