As per a recent industry report put forward by Graphical Research, the Europe POS terminals market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 30 billion by 2026.
The growing number of smart card users will positively impact Europe POS terminals market forecast. Mastercard and Visa made up for the majority of electronic transactions carried out in 2019. A rising percentage of people are preferring card-based payments over traditional methods as they minimize the need to carry wallets and can keep an accurate record of all past transactions.
Access sample pages of the report, “Europe POS Terminals Market Forecasts 2026” in detail along with the table of contents (ToC) @
Moreover, advanced digital technologies could ensure that all the transactions are end-to-end encrypted, thereby enhancing security and privacy. The COVID-19 pandemic played a crucial role in increasing the demand for contactless payments due to the rising fear among people of contracting the virus, positively affecting the use of POS terminals in Europe.