India (Point of Sale) POS Terminals Market Size

India POS Terminals Market Size

India POS Terminals Market size was over USD 450 million in 2016 with shipments of over 300 thousand units.
 

The demonetization effect in India and the lack of available cash will propel the India POS terminals market demand as the people in the country are transitioning toward digital modes of payment for goods and services. Demonetization has increased the pace of digital transactions across the country, which has led to an increase in the demand for new machines to provide e-payment facilities to buyers. However, there are a comparatively lesser number of POS terminals to meet the demand, which is attracting several players, who will get a strong foothold by offering solutions at the best possible price.
 

Increasing penetration of the organized retail industry in the country and emergence of several e-commerce players offer huge impetus for the India POS terminals market growth. The system helps in streamlining the e-commerce operational platform and enables businesses to sell items online and in-store easily. The POS software used in retail sectors helps in automatically creating customer profiles with every card transaction that is accepted and monitor important customer information and purchase history.