The article discusses how 60% of hospitality businesses are upgrading their point-of-sale systems to improve payment speed ahead of the 2025 holiday season. It highlights the growing demand for contactless payments and the need for flexible financing options as retailers prepare for increased transaction volumes.

Clover dominates the small restaurant POS market with a 20% share, while Toast follows closely at 17%. The report highlights fierce competition among established firms and fintech newcomers, with credit and debit card payments making up 85% of transactions. Analysts expect market growth to slow due to inflation and changing consumer habits.