Electronic Funds Transfer Point of Sale (EFTPOS) Terminals

Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market to Reach 94.7 Million Units by 2030

The global market for Electronic Funds Transfer Point of Sale (EFTPOS) Terminals estimated at 60.7 Million Units in the year 2024, is expected to reach 94.7 Million Units by 2030, growing at a CAGR of 7.7% over the analysis period 2024-2030.

The U.S. Market is Estimated at 15.7 Million Units While China is Forecast to Grow at 11.3% CAGR

The Electronic Funds Transfer Point of Sale (EFTPOS) Terminals market in the U.S. is estimated at 15.7 Million Units in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of 23.3 Million Units by the year 2030 trailing a CAGR of 11.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.9% and 6.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

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.

SCOPE OF STUDY:

The report analyzes the Electronic Funds Transfer Point of Sale (EFTPOS) Terminals market in terms of units by the following Segments, and Geographic Regions/Countries:

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.

Select Competitors (Total 133 Featured) -

• 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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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