Credit Card Machine Terminal Market Report 2025

The credit card machine terminal market size has grown rapidly in recent years. It will grow from $13.62 billion in 2024 to $16.19 billion in 2025 at a compound annual growth rate (CAGR) of 18.8%. The growth during the historic period can be attributed to the rising adoption of digital payments, increasing e-commerce sales, growing consumer preference for cashless transactions, expansion of retail networks, and higher disposable incomes.

The credit card machine terminal market size is expected to see rapid growth in the next few years. It will grow to $31.89 billion in 2029 at a compound annual growth rate (CAGR) of 18.5%. The growth in the forecast period can be attributed to the increasing demand for contactless payments, rising penetration of small businesses, growth in the tourism sector, expansion of fintech services, and increased government support for the digital economy. Key trends during the forecast period include the development of multifunctional terminals, innovations in payment security, investments in artificial intelligence-driven fraud detection, research and development in blockchain payments, and advancements in tokenization for enhanced security.

The increasing demand for electronic payments is expected to drive the growth of the credit card machine terminal market moving forward. Electronic payments involve transferring money or digital currency through electronic methods such as online banking, mobile apps, or payment gateways, eliminating the need for physical cash or cheques. This growth is driven by the convenience, speed, and security offered, as more people prefer contactless and digital transactions for faster, safer, and smoother payment experiences. Credit card machine terminals facilitate electronic payments by enabling secure, real-time transactions at the point of sale. They reduce cash handling by supporting multiple card and digital payment methods, enhancing business efficiency and customer convenience. For example, in March 2024, Worldpay Global Payments, a US-based payment technology company, reported that $13.9 trillion was spent via digital wallets in 2023, with projections to exceed $25 trillion by 2027, accounting for 49% of all global sales both online and at point of sale. Thus, the growing demand for electronic payments is propelling the credit card machine terminals market.

Leading companies in the credit card machine terminal market are focusing on developing advanced solutions such as omnichannel point-of-sale systems to increase payment flexibility, streamline operations, and enhance customer experiences across various channels. An omnichannel point-of-sale solution is an integrated system that allows businesses to manage sales, inventory, and customer interactions seamlessly across in-store, online, and mobile platforms. For instance, in May 2025, PXP Financial Group Limited, a UK-based payments platform provider, launched a standalone PXP point-of-sale solution preloaded on Castle’s S1F2 terminals. This product offers 99.996% uptime for uninterrupted service, accepts diverse payment methods without additional hardware, and supports remote management via its cloud-based platform to simplify deployment for merchants. It also includes robust fraud prevention tools and real-time analytics, helping businesses optimize operations while minimizing risks. This innovation highlights the industry’s move toward smarter, more versatile payment solutions that meet growing demands for convenience and security in financial transactions.

In March 2025, myPOS World Limited, a UK-based fintech and payment services company, acquired Universal Transaction Processing Group Limited for an undisclosed sum. Through this acquisition, myPOS aims to expand its next-generation credit card machine terminal capabilities and leverage UTP Group’s expertise to strengthen its presence in the UK and European payments markets. Universal Transaction Processing Group Limited is a UK-based payment services firm specializing in credit card machine terminals and merchant processing solutions.

Major players in the credit card machine terminal market are Toshiba Corporation, NEC Corporation, PAX Technology Limited, Lightspeed Commerce Inc., Verifone Systems Inc., Castles Technology International Corporation, Dongguan Tcang Electronics Corporation Limited, Partner Tech Corporation, Mswipe technology Limited, Epos Now Limited, Equinox Payments, NEXGO corporation Limited, Newland Payment Technology Corporation Limited, BBPOS Limited, Poynt Corporation, Truepos, On Track Innovations Limited, Posiflex Technology Inc., Qashier Limited, Ciontek Technology corporation limited, Yavin.

North America was the largest region in the credit card machine terminal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in credit card machine terminal report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the credit card machine terminal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

A credit card machine terminal is an electronic device that processes debit and credit card payments by reading card information and communicating with the bank for authorization. It supports swipe, chip, and contactless methods, enabling fast and secure transactions in retail and service settings.

The main product types of credit card machine terminals include fixed terminals, mobile terminals, virtual terminals, and smart terminals. Fixed terminals are stationary point-of-sale (POS) devices usually placed at retail counters and used to process card payments through wired connections. These terminals support various payment methods such as credit card transactions, debit card transactions, prepaid card transactions, and gift card transactions, and operate using different technologies, including card dip or chip technology, magstripe technology, contactless technology, and mobile payment technology. They are deployed via on-premise and cloud-based models and serve key end-user industries such as retail, hospitality, transportation, and e-commerce.

The credit card machine terminal market research report is one of a series of new reports that provides credit card machine terminal market statistics, including the credit card machine terminal industry global market size, regional shares, competitors with the credit card machine terminal market share, detailed credit card machine terminal market segments, market trends, and opportunities, and any further data you may need to thrive in the credit card machine terminal industry. This credit card machine terminal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The credit card machine terminal market consists of revenues earned by entities by providing services such as mobile wallet payments, payment authorization, transaction processing, point-of-sale integration, contactless payment support, data encryption, and customer receipt generation. The market value includes the value of related goods sold by the service provider or included within the service offering. The credit card machine terminal market also includes sales of contactless payment devices, integrated point of sale (POS) systems, multilane terminals, and contactless (NFC) terminals. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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