Market Share of Bulgaria POS Terminals Industry
The presence of multinational companies and their strategic alliances with the banks make the market difficult for new entrants. Still, regional players, with their advanced technological offerings, are trying to increase their market share. This is making the market moderately consolidated. The increasing demand for mPOS is creating an opportunity for companies to develop solutions through their investments in research and development and partnerships.
- July 2022: Innovative Technology Ltd (ITL), a leading producer of cash-handling equipment, and Elrade Ltd, a Bulgarian company, have established a trading partnership. Eltrade Ltd has been producing electronic devices and point-of-sale equipment worldwide. It has offered expert solutions for managing retailers and retail chains, electronic cash registers, and retail software. This partnership would increase its footprint in the country's retail industry.
Bulgaria POS Terminals Market Leaders
VeriFone Systems, Inc
SIS Technology
Toshiba Tec Corporation
Selmatic ltd
Eltrade Ltd
*Disclaimer: Major Players sorted in no particular order
