(Wireless-NewsWire.Com, July 04, 2017 ) POS terminals are a combination of hardware and software, which allows users to accept card payments directly without updating the cash registers. The cost of installing a terminal vary with the size of the business unit and selling terms with the channel partners and suppliers. A POS terminal is an electronic device and performs the following functions: - Reads the information of a customer's credit/debit card - Checks the funds status in a customer's bank account - Transfers the funds from customer's account to the seller's account - Records the transaction - Print the receipt of the transaction
POS terminals are now combined with union pay, which had resulted in increased market growth and shipment in 2014. This can be attributed to growing payment services and usage of debit/credit cards for transactions.
Publisher's analysts forecast the revenue of the POS terminal market in India to grow at a CAGR of 23.30% in terms of revenue during 2014-2019.
For more information http://www.reportsweb.com/pos-terminal-market-in-india-2015-2019
This report covers the present scenario and the growth prospects of the POS terminal market in India for 2015-2019. The report considers revenue generated from the shipment of POS terminal in India, including fixed POS terminals and wireless POS terminals.
The report does not consider the revenue generated from the following: - Maintenance of POS terminals - Services of POS terminals - Cost of deployment - mPOS - Sales of used POS terminals
Publisher's report, POS Terminal Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - First Data - Ingenico - SZZT - VeriFone
Request Sample Copy http://www.reportsweb.com/inquiry&RW0001232441/sample Other prominent vendors - CyberNet - Equinox - PAX Technology
Key market driver - Technology adoption in retail and hospitality sectors - For a full, detailed list, view our report
Key market challenge - Growing e-commerce market - For a full, detailed list, view our report
Key market trend - Low-cost POS terminals - For a full, detailed list, view our report
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