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Wireless POS Terminals Market 2020 Brief Analysis by Top Companies: NCR, Diebold Nixdorf, Verifone Systems, First Data, U.S. Bancorp

01-17-2020 02:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Worldwide Market Reports

Wireless POS Terminals

Wireless POS Terminals

The factors such as wide adoption of wireless payment terminal by retailers; growing use of EuroPay, MasterCard, and Visa (EMV) cards; increasing e-commerce transactions; increase in cashless transactions in different countries; and growing adoption of wireless technology in mobile handsets and wearable drive the growth of the wireless POS terminal market.

Mobile POS (mPOS) implementations allow the service and sales industries to conduct financial transactions, improving the customer experience. The positive year-on-year growth of the market for mPOS is attributed to ease of accessibility and low cost of installation of these devices along with their availability on a monthly rental basis. These devices are cost-effective, easy to use, and compact in size, and their use is scalable for all business sizes.

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Some of Prominant Key Players mentioned in This Report: NCR, Diebold Nixdorf, Verifone Systems, First Data, U.S. Bancorp, Castles Technology, Squirrel Systems, Ingenico, WinPOS, CitiXsys Americas

Wireless POS terminals are largely used in the sports and entertainment industry. In this sector, wireless POS systems are deployed in casinos, movie theatres, theme parks, museums, and sports arenas. The deployment of these solutions assures flexibility and transparency in the entertainment business. It also provides better customer service, which, in turn, helps improve the sales performance.

The wireless POS terminal market is rapidly expanding in APAC. The growth of the market in APAC can also be attributed to the rapidly growing customer base owing to increasing prominence of small and medium businesses (SMBs) coupled with the reduction in total cost of ownership. Benefits associated with these systems such as low queue time, high degree of security, paper-free receipt option, decrease in check-out space requirement, and increase in floor space are the other factors that would help fuel the growth of the wireless POS terminals market in APAC.

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Market by Type
Portable Countertop & Pin Pad
MPOS
Smart
Others

Market by Application
Healthcare
Hospitality
Sports & Entertainment
Transportation
Others

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About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends.

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