Market Share of POS Terminal Industry
The Point of Sale Terminal Market is significantly fragmented with the presence of a large number of players such as iMetrics Pte Ltd, Samsung Electronics Co. Ltd, Panasonic Corporation, Casio Computer Co. Ltd, NEC Corporation, PAX Technology, and many more. Moreover, these players are investing large amounts of money in R&D activities to introduce innovative payment technologies in the market. Strict government regulations and policies in several countries will drive the market, making it more attractive and competitive.
In June 2022, Qashier offered the official point-of-sale (POS) for the food and music festival, GastroBeats 2022. This step marks the Singapore FinTech startup's foray into the events payment solutions space. Qashier partnered with GastroBeats to enable contactless ordering and payments across the entire event, ensuring a safe and streamlined experience for everyone. As the official POS sponsor, Qashier powered the 14,200 sq m event space at Bayfront Avenue with cashless payments around 40 F&B stalls, and retail brands were equipped with QashierPay smart terminals, allowing them to accept a myriad of cashless payment methods, including credit/debit cards, and e-wallets.
In May 2022 , Lavu partnered with Verifone to provide restaurants with unified payments and point-of-sale solutions. The strategic partnership helped serve the restaurant industry better, allowing Verifone and Lavu to offer customers a high-quality, unified point of sale (POS) and payment experience.
Point of Sale (POS) Terminal Market Leaders
VeriFone System Inc.
Qashier PTE Ltd
Newland Payment Technology
GK Software SE
PAX Technology
*Disclaimer: Major Players sorted in no particular order
