Maturing of Indias PoS Terminal Market

Maturing of Indias PoS Terminal Market

Increasing Card-based Transactions Drive Growth

RELEASE DATE
18-Sep-2014
REGION
South Asia, Middle East & North Africa
Research Code: 9834-00-2C-00-00
SKU: ES00845-SA-MR_17390
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$1,500.00
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ES00845-SA-MR_17390
$1,500.00
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Description

As Indians were more accustomed to carrying out card-less payments, the move towards debit, credit, gift or food cards for carrying out different types of transactions has seen the growth of Point of Sale (POS) terminals in India. The country’s banking sector has been instrumental in the growth of the POS market. Banks are issuing debit cards to all account holders to encourage more card-based transactions. This has also worked in favour of consumers, who now need not carry a huge amount of cash and worry about losing it.

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Market Insight

Related Research
As Indians were more accustomed to carrying out card-less payments, the move towards debit, credit, gift or food cards for carrying out different types of transactions has seen the growth of Point of Sale (POS) terminals in India. The countrys banking sector has been instrumental in the growth of the POS market. Banks are issuing debit cards to all account holders to encourage more card-based transactions. This has also worked in favour of consumers, who now need not carry a huge amount of cash and worry about losing it.
More Information
No Index Yes
Podcast No
Author Sagarina Rai
WIP Number 9834-00-2C-00-00
Is Prebook No