A succinct outline of POS terminals industry growth across the Indian sub-continent, retail sector to immensely contribute toward the market proliferation

With digital transactions gaining precedence as the future of payments, POS terminals market is undergoing an enterprising change in the recent times. Over the years, the birth of e-commerce and rising governmental initiatives toward promoting digitization have significantly lowered the risks associated with the traditional modes of payments. Experts speculate this disruptive mix of consumer behavioral changes and government regulations to provide a rather competitive impetus to the overall POS terminals market. For the record, in 2016 alone, the global POS terminals market was pegged at USD 40 billion with worldwide shipments crossing 30 million units. These statistics significantly validate the large-scale adoption of these devices for quick transactions and enhanced consumer experience.

POS terminals industry