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Global Payments has teamed up with Uber Eats to enhance the restaurant experience in the U.S. and Canada. Restaurants using the Genius POS system can now easily integrate Uber Eats for delivery, allowing for quicker onboarding and improved order management.
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.
Block's Square is enhancing its offerings for restaurant clients by improving voice ordering, cost control systems, and integrating artificial intelligence tools, while also increasing bitcoin payment options. The company aims to attract more restaurant clients amid rising competition from rivals like Toast and Clover in the $1.5 trillion U.S. restaurant industry. Square's upgrades are part of a broader strategy to help businesses optimize operations and compete with larger chains.