Monday 21 September 2015, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the Global Wireless POS Terminals Market: Ingenico, Pax Technology, SZZT and VeriFone
Other Prominent Vendors in the market are: ATOS Worldline, CyberNet, Equinox, First Data, Keycorp, NCR and Spire Payment
Commenting on the report, an analyst said: “The increase in cyber threats worldwide has led vendors to incorporate advanced security standards in their wireless POS terminals. Security technologies such as signature capturing devices and biometric sensors are adopted by the wireless POS terminals to secure the payment transactions. Furthermore, wireless POS terminals are being incorporated with additional features such as touch screens, RFID, and bar code scanners to enhance the user experience.”
According to the report, customers worldwide are increasingly adopting EMV, a global standard for card authentication. According to the EMV standards, financial institutions in every country have a deadline for all payment cards to be EMV compliant. The majority of developed and developing nations have migrated or upgraded their payment cards and POS terminals to be EMV compliant. With an increase in the usage of EMV cards worldwide, there has been a rising global demand for wireless POS terminals that are EMV compliant.
Further, the report states that slow adoption rate poses a major challenge for the global wireless POS terminals market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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