The Industry and Challenge
Number of cashless transactions worldwide from 2013 to 2021, with forecasts from 2022 to 2027, by region
Source: Statista 2024
Driven by technological advancements, cash payment has been replaced by a variety of mobile payments in the form of credit card transaction, digital wallet payment, and QR code payment etc. According to the research from Statista, the number of cashless payments in Asia-Pacific is forecast to be higher than transactions in other countries, and it is expected to reach 1,270 billion USD by 2027. Mobile payments have become an integral part of everyday life. Whether it is buying daily necessities or dining in restaurants, mobile payment has greatly improved the convenience of transactions. However, the popularity of mobile payment has also brought about many new problems, such as the inability to know the payment information in real time, resulting in undercharging and missed orders.
The emergence of cloud speaker solves this pain point. It solves the phenomenon of under collection of money, and missed orders that occurs when some stores, vendors, and merchants are too busy. The device provides real-time notification of payment information by accessing the collection code. It can be broadcasted instantly to help merchants more safely and efficiently complete the collection and payment process, so that merchants and consumers "second to hear" payment information. Moreover, the cloud speaker does not require a mobile phone, broadcasting independently, easy to operate and powerful.
Fibocom LTE Cat 1 bis Wireless Solution for Cloud Speaker
Equipped with Fibocom LTE Cat 1bis wireless module, the Cloud Speaker connects to the payment system via 4G network and receives the real-time payment info for broadcasting. It also relies on Cat 1bis’ advantages of low latency and low power consumption to fully ensure the timely broadcasting of payment and receipt information and will not be omitted or misreported due to delay.
Cost-effective
The use of LTE Cat 1bis technology in the data transmission is more cost-effective compared to wired deployment. With simple set up like plug and play, the cloud speaker will connect to the network and function immediately.
Instant Updates
Fibocom LTE Cat 1bis modules feature low latency, and nation-wide cellular coverage, which ensures a stable signal connection even in remote areas, ensuring timely delivery of payment and collection information.
Move with Ease
Fibocom LTE Cat 1bis cellular communication modules feature low power consumption, and low latency. In addition, it solves the problems of waterproof and water leakage. It meets the SMB (Small and medium size business)'s use in a variety of scenarios without location restrictions and can still be used for a long time in the outdoors.
Added-value Services
OPEN CPU
Fibocom LTE Cat 1bis module supportsOPEN CPU solution, eliminating the need for an external CPU thus saving additional cost.
Rich interfaces
Fibocom LTE Cat 1bis modules support a variety of interfaces and network protocols to ease the installation of cloud speaker, such as: USB, UART, ADC, GPIO ETC. In addition, they also support Linux, Windows, and Android OS drivers for easy system integration.
Playback
Fibocom LTE Cat 1bis modules support external speakers, playback is achieved through an external 3W speaker, no need to run audio on the MIC.
Fibocom LTE Cat 1bis Module Recommendations
L610
• Supports 4G + 2G
• LCC + LGA form factor design
• Regional versions available in EMEA, Latin America, India.
• Rich interfaces such as USB / UART / SPI / I2C / SDIO
MC661
• 4G only
• LCC + LGA form factor design
• Regional versions available in China, India
• Rich interfaces: SIM/UART/USB/SPI/ADC/GPIO
MG661
• 4G only
• LGA form factor design
• Regional versions available in EMEA, Latin America
• Rich interfaces: SIM/UART/USB/SPI/ADC/GPIO/PCIe
MC610
• Supports 4G + 2G
• LCC + LGA form factor design
• Global frequency bands
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Rich interfaces: SIM/UART/USB/SPI/ADC/GPIO/SDIO/I2C