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Megastore's smart Cat.1 wireless module leads the way to new consumer payment scenarios

Megastore's smart Cat.1 wireless module leads the way to new consumer payment scenarios

Source:our siteTime:2022-12-27Views:

Megasys existing Cat.1 modules, SLM332Y and SLM328Y, can be used to enable wireless POS terminals, enabling merchants to receive payments "instantly", reducing the burden and increasing the speed of the retail industry.

In recent years, with the booming development of mobile internet and the rapid penetration of smartphones in China, mobile payment has become fully popular in China. In particular, the popularity of the contactless concept in the post-epidemic era has led to the formation of mobile payment-based consumption habits in China's consumer market and given rise to the digitalisation and intellectualisation process of thousands of mobile payment scene terminals.

In the face of the robust application demand in the mobile payment market, 2G/3G frequency reduction and withdrawal from the network, mobile payment - sweeping wireless POS terminals - is in urgent need of a solution with wider coverage capability, faster communication speed and stronger cost advantages. Cat.1, the main alternate echelon of cellular mobile network communication, is more cost-effective than LTE Cat.4, more mature than NB-IoT in terms of industry system, and has better communication speed than 2G/3G, making it a perfect choice for wireless POS terminals.


As the world's leading wireless communication module and solution provider, MAGIC has a variety of Cat.1 modules SLM332Y and SLM328Y that can be used to empower wireless POS terminals, enabling merchants to receive smart payments "instantly", reducing the burden and increasing the speed for the retail industry.

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