Cash payments are rapidly declining as the digital era progresses and new technologies are introduced. One of the major causes driving the need for payment terminals is the growing demand for payment processing, analyzing consumer purchasing patterns, and customer relationship management, among other things. The modern point-of-sale may accept a variety of payment methods, including digital wallet payments. The primary digital wallet alternatives that have become common on smartphone devices include Google Wallet, Apple Pay, Samsung Pay, and Android Pay. Debit and credit card transactions are made possible through POS terminals and ATMs located around the city.
List of Top Payment Terminal Industry manufacturers :
- Bitel Co Ltd
- Castles Technology
- Cegid Group
- Citixsys Americas Inc
- Dell Inc
- Diebold Nixdorf Incorporated
- Fiserv Inc
- Hewlett Packard Enterprise
- Ingenico Sa
- Ncr Corporation
- Nec Corporation
- Newland Payment Technology
- Oracle Corporation
- Panasonic Corporation
- Pax Technology Limited
- Samsung Electronics Inc
- Squirrel Systems
, & Others.
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Due to increased corporate and consumer interest in digital transformation and the proliferation of smartphones, the payments and transactions environment is fast evolving. The Payment Terminal Market is growing due to advances in cellphones, digital payment cards, and point-of-sale (POS) at retail terminals. Due to the introduction of mobile-based POS (mPOS), which consists of a card reader coupled to a simple ePOS program running on a tablet or smartphone, the payment terminal industry will continue to rise. In 2019, the contactless payment threshold in Europe was € 30 or greater in only six countries.
Payment Terminal Industry – Segmentation:
Payment Terminal industry -By Application:
Payment Terminal industry – By Product:
- Softwar E
The worldwide payment terminal market has been divided into five regions: Europe, North America, MEA, APAC, and Latin America. North America, for example, has the highest market share in 2019 and is anticipated to continue to expand at a similar rate over the projection period. Some of the major reasons driving demand for payment terminals in this region are the rising usage of new technology and the modernization of payment processes. Furthermore, the region’s expansion of payment terminals is being aided by advances in payment alternatives such as contactless payments and the usage of Near-Field Communication (NFC).
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I. What factors make Europe a lucrative market for Payment Terminal?
II. What are the key technologies listed in the market study of Payment Terminal?
III. What is expected to have a major positive influence on the Payment Terminal market?
IV. What is the anticipated advancement rate for the Payment Terminal market during the forecasted period?
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