Credit Card Machine Terminal Market Report 2026

The credit card machine terminal market size has grown rapidly in recent years. It will grow from $16.19 billion in 2025 to $19.21 billion in 2026 at a compound annual growth rate (CAGR) of 18.7%. The growth in the historic period can be attributed to expansion of cashless payment adoption, growth of retail and hospitality sectors, increasing penetration of debit and credit cards, rising demand for faster checkout experiences, availability of affordable payment terminals.

The credit card machine terminal market size is expected to see rapid growth in the next few years. It will grow to $37.72 billion in 2030 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to increasing adoption of biometric-enabled terminals, rising demand for omni-channel payment acceptance, expansion of cloud-based payment management, growing focus on cybersecurity compliance, increasing integration with digital wallets and super apps. Major trends in the forecast period include increasing adoption of contactless payment terminals, rising demand for smart and android-based pos devices, growing integration of cloud-connected payment systems, expansion of mobile and wireless card readers, enhanced focus on transaction security and fraud prevention.

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 companies operating in the credit card machine terminal market are PAX Technology Ltd., Newland Payment Technology Corp. Ltd., NEXGO Corp. Ltd., Castles Technology International Corp., Datecs Ltd., Centerm Information Co. Ltd., SZZT Electronics Co. Ltd., Bitel Co. Ltd., Dspread Technology Inc., UROVO Technology Co. Ltd., Sunmi Technology Co. Ltd., Justtide Technology Co. Ltd., Telpo Technology Inc., Landi Global Information Technology Co. Ltd., XAC Automation Co. Ltd., Flytech Technology Co. Ltd., Wintec Co. Ltd., Partner Tech Corp., Posiflex Technology Inc., NEC Platforms Ltd., Toshiba TEC Corp., Diebold Nixdorf Inc., Ciontek Technology Corp. Ltd., Spectra Technologies Holdings Co. Ltd., New POS Technology Ltd.

North America was the largest region in the credit card machine terminal market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the credit card machine terminal market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the credit card machine terminal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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