By 2024, POS Terminals Market in Europe Region is Excepted to Grow at a High Rate | Key participants are VeriFone Systems Inc., Panasonic Corporation, Ingenico Group, PAX Technology Inc., and Toshiba Corporation.

Europe is likely to emerge as one of the most popular regional markets for the POS terminals market, owing to the massive adoption of government regulations mandated to support advanced technologies that serve to improve transaction and customer security. Say for example, lately, security guidelines have been developed to encourage the adoption of EMV-enabled transaction processing across industries.

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The birth of e-commerce has brought about a dynamic change in payment modes over time. POS terminals market, influenced by this very revolution, has been gaining mass popularity since the last few years, given the widespread adoption of cashless facilities. The growing popularity of NFC and card payments among the consumers will also serve to enhance (point-of-sale) POS terminals industry share. Nowadays, to reduce the hassle of carrying cash, people have been shifting their focus toward the adoption of POS terminals, which has led to the massive expansion of (point of sale) POS terminals market.

For increasing the adoption rate of POS terminals market, the governments of various countries as well as the key players in POS terminals are arranging awareness programs that focus on explaining the benefits and usage of POS terminals. Financial service companies have also been deploying different types of platforms to attract merchants as well as consumers. Recently, Mastercard revealed details about their trial project in Poland, in which smartphones are deployed to carry out contactless payments.

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Some of the giants are involved in the deployment of modern technology with ample support from the regional governments. For instance, Mastercard has collaborated with the Poland government to create digital payment gateways using mobile devices. Speaking of which, some of the notable companies in (point of sale) POS terminals market include VeriFone Holdings, Inc., Panasonic Corporation, Zebra Technologies, NEC Corporation, PAX Technology Limited, Ingenico, Posiflex Technology Incorporation, First Data Corporation, QVS Software Incorporation, and HP Company.
Keeping eye on the exponentially growing retail market, HFC bank has partnered with Mastercard to strengthen its retail offerings. This partnership is a part of HFC’s strategy to expand its services to banking institutions by providing debit cards to the clients, augmenting the POS terminals market. Retail point of sale (POS) terminals market will also grow lucratively over the coming seven years, taking into account, the surging penetration of e-commerce sectors across various regions of the globe.

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It is more likely that rapid expansion of POS terminals market will encourage new service providers and manufacturers to enter the business further encouraging the existence of fierce competition in the industry. VeriFone Systems Inc., Panasonic Corporation, Ingenico Group, PAX Technology Inc., and Toshiba Corporation are some of the major brands of POS terminals market.

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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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