Electronic Funds Transfer Point of Sale (EFTPOS) Terminals - Global Strategic Business Report

The global market for Electronic Funds Transfer Point of Sale (EFTPOS) Terminals was sized at 60.7 Million Units in 2024 and is projected to reach 94.7 Million Units by 2030, growing at a CAGR of 7.7% over the analysis period 2024-2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market - Key Trends and Drivers Summarized

Electronic Funds Transfer Point of Sale (EFTPOS) terminals have become an integral part of the retail and banking landscape, revolutionizing the way transactions are conducted. These devices, which enable electronic payment transactions directly at the point of sale, have undergone significant advancements since their inception. Initially designed to handle basic card swipes, modern EFTPOS terminals now incorporate a host of advanced features such as contactless payment capabilities, mobile payment integration, and biometric authentication. The shift towards EMV (Europay, MasterCard, and Visa) chip technology has played a critical role in enhancing transaction security, effectively reducing fraud risks associated with traditional magnetic stripe cards. Furthermore, the integration of sophisticated software applications allows EFTPOS terminals to perform a variety of functions beyond simple payment transactions. These include inventory management, customer loyalty programs, and detailed sales reporting, all of which streamline operational processes for merchants and improve overall business efficiency.

The rapid growth of digital payment systems and the booming e-commerce sector have further accelerated the global adoption of EFTPOS terminals. As consumers increasingly prefer cashless transactions for their convenience and enhanced security, the demand for advanced EFTPOS solutions continues to rise. Emerging markets are particularly experiencing swift growth, driven by governmental initiatives aimed at promoting digital payments and reducing cash dependency. For instance, countries such as India and China have implemented various programs to bolster their digital infrastructure, significantly boosting the deployment of EFTPOS terminals. Additionally, the advent of mobile POS (mPOS) systems, which enable smartphones and tablets to function as payment terminals, has broadened the accessibility of EFTPOS solutions. This innovation has particularly benefited smaller businesses, allowing them to offer flexible payment acceptance in diverse environments and enhancing their operational capabilities.

The growth in the EFTPOS terminal market is driven by several factors. The increasing penetration of smartphones and the widespread adoption of mobile payment technologies have significantly expanded the market for mPOS solutions, facilitating seamless transactions and improving the overall customer experience. The rise in online and contactless payments, a trend that has been accelerated by the COVID-19 pandemic, has further spurred the demand for terminals equipped with NFC (Near Field Communication) technology. Moreover, the integration of advanced security features, such as tokenization and end-to-end encryption, is essential in mitigating fraud risks and fostering greater consumer trust. Regulatory support and incentives for digital transactions in many countries also play a crucial role, encouraging businesses to adopt modern payment solutions. Furthermore, the growing trend of omnichannel retailing, which aims to integrate online and offline shopping experiences, is pushing retailers to upgrade their payment infrastructure, thereby driving the adoption of advanced EFTPOS terminals. This confluence of technological advancements, consumer behavior shifts, and supportive regulatory frameworks underscores the dynamic growth trajectory of the EFTPOS terminal market.

Report Scope

The report analyzes the Electronic Funds Transfer Point of Sale (EFTPOS) Terminals market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Segment (Electronic Funds Transfer Point of Sale (EFTPOS) Terminals).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Regional Analysis

Gain insights into the U.S. market, sized at 15.7 Million Units in 2024, and China, forecasted to grow at an impressive 11.3% CAGR to reach 23.3 Million Units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Diebold Nixdorf, Inc., First Data Corporation, Fujitsu Frontech Limited, Keycorp Pty Limited, NCR Corporation and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 133 major companies featured in this Electronic Funds Transfer Point of Sale (EFTPOS) Terminals market report include:

• Diebold Nixdorf, Inc.
• First Data Corporation
• Fujitsu Frontech Limited
• Keycorp Pty Limited
• NCR Corporation
• Olivetti S.p.A.
• Oracle Hospitality
• PAX Technology Limited
• Smartpay Ltd
• Spire Payments UK
• VeriFone Systems, Inc.
• Worldline