Press release
Virtual Payment (POS) Terminals Size to Accelerate at a Rapid CAGR of 22.3% from 2022 to 2030 | 117 Report Pages
With the extraordinarily quick development of digital marketing, a need for a more safe and trustworthy means of processing payments online has arisen among retail merchants and retailers all over the world. It is a solution used by online retailers and service providers. It's an electronic gateway that enables them to manually approve card transactions initiated by customers.
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This procedure dramatically widens their disbursement options and speeds up the electronic process while also increasing security. These terminals can be integrated with a variety of e-commerce platforms. Merchants connect their systems to their preferred platform quickly and easily.
North America accounted for the largest share in the industry over the forecasted period. One of the primary factors driving the growth of the virtual terminal industry in the region is the growing preference for purchasing on e-Commerce websites. Furthermore, due to the rise in mobile transactions, demand for virtual point of sale terminals is expected to increase significantly over the projected period.
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Major players are BBPOS Limited, Castles Technology, CitiXsys Technologies, Diebold Nixdorf, EGIDE, Elavon Inc., First Data Corporation, Ingenico Group., NCR Corporation, Newland Payment Technology, Panasonic Corporation, PAX Technology, Shenzhen Xinguodu Technology Co. Ltd, Squirrel Systems, VeriFone Inc.
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Polaris Market Research has segmented the global Virtual Payment (POS) terminals market report on the basis of solution, vertical, and region:
Virtual Payment (POS) Terminals, Solution Outlook (Revenue USD Billions 2018 - 2030)
Software Platform
Device-based
Web-based
Service
Virtual Payment (POS) Terminals, Vertical Outlook (Revenue USD Billions 2018 - 2030)
Retail
Hospitality
Consumer Electronics
Food & Beverages
Healthcare
Entertainment
Others
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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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