This market research report analyzes the key trends, drivers, and challenges influencing market growth during the forecast period. The report also includes a study on the leading vendors such as Castles Technology, First Data, Ingenico, SZZT, and VeriFone.
Technavio has released updated information on the shampoo market, with the publication of its new market research report, POS terminals market in Brazil. The POS terminals market in Brazil is expected to grow at a CAGR of around 18% between 2015 and 2019 due to the augmented adoption of EMV cards by merchants and customers.
“Several Brazilian banks have introduced credit and debit cards to increase the frequency of cashless transactions in the hospitality and retail segments. This has minimised the risk of losing money and has increased the use of cards at POS terminals in the country. Moreover, the issue of add-on cards by banks is expected to increase the awareness of POS transactions, which in turn will increase the revenue generated by the banks during the forecast period,” says Navin Rajendra, Lead Analyst, IT Hardware, Technavio Research.
Wireless POS terminals are gaining prominence in the retail sector in Brazil. These terminals help retailers to streamline their in-store operations, resulting in more revenue generation. Wireless POS terminals help in making secure payments anywhere through their faster and reliable networks. Moreover, they have a well-developed and supported infrastructure. POS terminals are expected to be integrated with NFC module, barcode reading module, and also a fingerprint identification module enabling multiple modes of payments for the customers.
The leading vendors in the POS terminals market in Brazil include Castles Technology, First Data, Ingenico, SZZT, and VeriFone. This market primarily is dominated by large vendors who constantly strive to acquire SMEs through mergers and acquisitions.
A more detailed analysis is available in the Technavio report, POS Terminals Market in Brazil 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other Related Reports:
- Global POS Terminals Market in the Retail Sector 2015-2019
- Global Wireless POS Terminals Market 2015-2019
- Global POS Terminals Market in the Hospitality Sector 2015-2019
- POS Terminals Market in the US 2015-2019
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