Analysis of the Indian Point-of-Sale (PoS) Terminals Market
This research service analyses the Indian point-of-sale terminals market. India is the 13th-largest non-cash-payment market in the world. It has high potential to grow significantly as more merchants install PoS systems and accept card payments. Only 35% of the country’s population has bank accounts. The government’s initiative of providing bank accounts and debit cards paves the way for payment infrastructure opportunities. Banks’ aggressive stance in providing payment infrastructure by offering PoS systems to large businesses as well as SMBs coupled with the growing awareness and security offered over card-based transactions help move India toward a plastic economy. The base year for the study is 2015 and the study period is 2014 to 2020.
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