“Frustrated by the steep commissions and discounts that apps like Zomato and Uber Eats push on restaurants, thousands have started a movement to #Logout from them.”

“The big deal is that it doesn’t require an mPOS, which is a cost that we’ve heard from restaurant owners that they are unhappy about paying,” Dana Love, co-founder and CEO of Raypay, told Mobile Payments Today via email. “Given the industry data about restaurant margins, it’s easy to see why a new expense feels like a big hit.”

“Restaurants are a coveted merchant segment for many acquirers and independent sales organizations. So, knowing how payments are changing and the impact that might have on this merchant segment is critical. First off, in 2019, the prospect for more consumers carrying, and wanting to use, contactless credit and debit cards is high. The other big trend is that these merchants, now that many of them are using cloud-based point-of-sale systems, want to make the best use of the transaction data they’re paying for.”