Retail businesses -- both online and offline- require the use of payment processors to accept credit and debit card payments. The following two reports explore the global point of sale (POS) terminals market as well as the commercial payment cards market.
With retail sales at an all-time high, retail businesses across the global are looking to increase their revenue by accepting a variety of payment options from customers. Statistics show that 2017 holiday retail sales in the United States totaled more than $680 billion.
Furthermore, analysts believe that total retail sales in the United States will reach $5.48 trillion by 2020.
While there are dozens of ways for retail businesses to increase revenue, one of the easiest is to expand their payment options.
By supporting multiple forms of payments, retail businesses can attract new customers and generate more revenue. According to one study, 40% of consumer prefer paying with credit cards, while 35% prefer paying with debit cards.
Only 11% prefer paying with cash.
The Global Commercial Payment Cards Ma…ional Survey 2018 report by The Market Reports is a comprehensive study of the global commercial payment cards market. Featuring 110 pages, it analyzes the market from all angles while revealing both current and future prospective scenarios.
Within this report, you'll find key information on the market's size, classifications, definitions, industry chain structure, trends, growth drivers, challenges and more.
This report segments the global commercial payment cards market by several criteria. On the basis of product type, the market is segmented into open-loop versus closed-loop cards and commercial electronic payments.
On the basis of end-user applications, the market is segmented into small business credit card and corporate credit cards.
Finally, the report segments the global commercial payment cards market by geographic region, focusing specifically on North America, China, Europe, Southeast Asia, Japan and India.
The Global Point of Sale (POS) Termina…ional Survey 2018 report by The Market Reports is a professional analysis of the global POS terminals market. At 119 pages, it's slightly longer than the aforementioned report.
Unlike the first report, however, this report focuses specifically on POS terminals. As the name suggests, a POS terminal is a device or machine that facilitates the transaction of goods between a business and a customer.
The most common example is a cash register, though other POS terminals include mobile payment systems and card readers. Regardless, the fundamental characteristic of a POS terminal is that allows a transaction to take place, with the store owner accepting payment and the customer accepting the purchased goods.
Some of the key POS terminal vendors profiled in this report include Ingenico, Verifone, Pax, Ncr, Posiflex, Partech, Moneris, Senor Tech, Newland Payment, Fujian Liandi, Xin Guo Du, New Pos Technology, Bitel, Cybernet, Castles Technology, Szzt Electronics, First Data, Nexgo and more.
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