According to a new Industry report published by Credence Research, Inc., “Electronic Funds Transfer Point of Sale (EFTPOS) Terminals (Retail, Hospitality, Healthcare, Restaurants, Entertainment, Warehousing, and Other End-use (Field Services, Government, Transportation, etc.)) Industry- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Industry is expected to witness steady growth by 2022, majorly contributed by growing preference for cashless/card-based transactions.
An Electronic Funds Transfer Point of Sale (EFTPOS) terminal is an electronic payment device used for processing credit card- and debit card-based fund transfers at payment terminals. Changing payments landscape across the geographies resulting in growing preference for cashless/cash-based transactions is one of the major trends supporting the demand for Electronic Funds Transfer Point of Sale (EFTPOS) terminals across different end-use verticals. Banks have played a major role in bringing about this transformation by issuing debit cards to all account holders. Furthermore, the global payments industry (issuers and merchants) is steadily migrating towards EMV (Europay MasterCard Visa) chip card technology, replacing the traditional magnetic-stripe bank cards. The move towards EMV chip card payment is majorly driven by the growing desire to reduce rising incidences of card frauds in “card-present? transactions. Thus, compliance with the EMV regulation is expected to trigger the replacement demand for Electronic Funds Transfer Point of Sale (EFTPOS) terminals across different verticals.
Browse the full Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market @ http://www.credenceresearch.com/report/point-of-sale-pos-terminals-market
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The global Electronic Funds Transfer Point of Sale (EFTPOS) terminal Industryis highly competitive across end-use verticals, requiring manufacturers and resellers to understand the distinct differences and needs from segment to segment. The global Electronic Funds Transfer Point of Sale (EFTPOS) terminals Industryis highly fragmented, with top four players accounting for less than 45 percent of the Industryrevenue. Some of the leading players identified in the global Electronic Funds Transfer Point of Sale (EFTPOS) terminal Industryinclude Verifone Systems, Inc., Ingenico S.A., PAX Technology, Equinox Payments LLC, Atos Worldline, and First Data Corporation. Other players including Fujitsu Limited, Panasonic Corporation, Toshiba Corporation, Hewlett Packard, NCR Corporation, MICROS Systems, Inc. and Smartpay Ltd. have been identified as some of the promising and emerging players in the global Electronic Funds Transfer Point of Sale (EFTPOS) terminal market.
Increased penetration of credit and debit cards
Growing preference for card-based payments
Security issues pertaining to data breaches
Growing acceptance for the EMV chip-card technology
Lack of standard technology platform
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