Market Share of North America POS Terminal Industry
The North American point of sale terminals market is moderately fragmented. The market consists of major players, such as Samsung Electronics Co. Ltd, BBPOS Limited, PAX Technology Ltd, NCR Corporation, and NEC Corporation. The players in the market are investing in inventing new ways to attract and retain customers. Some of the key developments in the market are listed below.
- February 2022 - Apple announced its plans to introduce Tap to Pay on iPhone. The new capability will enable millions of merchants across the United States, from small businesses to large retailers, to use their iPhones to seamlessly and securely accept Apple Pay, contactless credit and debit cards, and other digital wallets through a simple tap of their phone without any additional hardware or payment terminal required.
- October 2021 - POS systems provider POSTRON introduced a new set of smart POS systems to improve the dine-in experience and enhance the security of receiving payments. POSTRON, created specifically for small-to-medium-sized restaurants and food trucks, offers unique handheld smart POS devices connected through automatic device detection and configuration software and relies on cloud storage to make sales data and customer profiles always available.
North America POS Terminal Market Leaders
VeriFone System Inc. (Francisco Partners)
First Data Merchant Services LLC (Fiserv, Inc)
BBPOS Limited (Stripe, Inc)
Castles technology (RISC OS Developments Ltd)
*Disclaimer: Major Players sorted in no particular order