India Point Of Sale Terminals Market Outlook (2023-2029) | 6Wresearch
India Point-of-Sale (PoS) Terminal Market India Point-of-Sale (PoS) Terminal Market is running at a faster pace. In the year 2016-17, imports experienced a nearly fivefold increase primarily due to the impact of demonetization. Following this, import figures remained steady for the next few years, averaging around 0.8 million units annually. However, in 2019-20, the number of imports nearly doubled, reaching 1.78 million units. The import numbers for the first quarter of FY21 declined due to the effects of COVID-19 on supply chains and reduced demand. During the initial four months of the financial year 2021, 0.37 million units were imported. There are several factors that are expected to contribute to the further increase in the adoption of Point-of-Sale (PoS) terminals. These growth enablers include relaxed government regulations on digital payments, a shift towards cashless transactions, the introduction of value-added features in PoS terminals, and higher demand from spe...