13.5% CAGR Growth to be achieved by Global Electronic Fund Transfer Point of Sale Market from 2017-2025

The global payments landscape is evolving at a dizzying pace. The past twelve to eighteen months have witnessed high activity with four major shifts being observed in the global landscape. The major shifts include the ongoing technology and digital revolution, increasing penetration of smart phones and internet on mobile has revolutionized digital payments.
Based on its type, this market is segmented into
• Counter-Top
• Mobile
• Inbuilt
Among these, the Counter-Top Terminal product type accounted for major share of global Electronic Fund Transfer Point of Sale market in 2016.
Classified by application type, this market is segmented into
• Retail
• Hospitality
• Restaurants
• Entertainment
• Warehousing
• Others

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From the given application types, the Retail application stood as the largest and fastest growing application segment for Electronic Fund Transfer Point of Sale market in 2016 and is expected to experience growth in the near future.
Digitalization is the most disruptive force that the payments industry has seen in decades. It is unleashing profound changes and innovation—from the development of digital payment instruments to the emergence of next-generation providers. Technologies like Biometrics, smartphone penetration, ubiquitous connectivity, tokenization, Internet of Things and cloud computing are some of the trends responsible for shaping the way consumers transact and will continue transaction in the future.
Government promotions to shift focus on steps to boost digital transactions is another factor boosting high demand for electronic funds transfer point of sale terminals in the global market. Hence, increased demand for digital payments has thereby led to the growth of global electronic funds transfer point of sales terminals market (EFTPOS). Global Electronic Fund Transfer Point of Sale market is expected to grow at a CAGR of 13.5% during the forecast period.

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An Electronic Funds Transfer Point of Sale Terminals Market is a real time debit and credit card authorization and payment processing system. The regularity and frequency of purchases made from everyday retailers define the value of retail payment solutions to consumers, and generate an anchor for them within the formal financial sector. However, benefits of electronic payments for retailers has boosted market demand for Electronic Funds Transfer Point of Sale Terminals in the market.
But there are certain disadvantages which are hindering the growth of Electronic Funds Transfer Point of Sale Terminals market, such as
• Risk of being hacked
• Issues of transferring money between different payment systems
• The lack of anonymity
• If Internet connection fails, you cannot get to your online account

Opportunities to Global Electronic Fund Transfer Point of Sale Market is SmartPOS.
Based on regions, this market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific accounted for major share of global Electronic Fund Transfer Point of Sale market in 2016 and is expected to increase in the near future.

This report covers a complete analysis of the competitive landscape of the Global Electronic Fund Transfer Point of Sale Market. It includes company profiles of some of the key market players such as WorldlineAtos, Equinox Payments LLC, First Data Corporation, Fujitsu Limited, VeriFone (Formerly Hypercom), Ingenico, Dejavoo, Exadigm, XAC Automation Corp. Panasonic, PAX, Smartpay NCR Corporation, and Olivetti.

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