Product Code: ETC12941454 | Publication Date: Apr 2025 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India mpos terminals market import shipment demonstrated a declining trend over the 2020-2024 period, with a negative CAGR of -1.8%. The market experienced a significant slowdown in growth between 2023 and 2024, with a decline of -10.9%. This indicates a notable contraction in market activity, suggesting a challenging landscape for mpos terminal imports in India.
The India mPOS terminals market is experiencing significant growth driven by the increasing adoption of digital payment methods and the government`s push towards a cashless economy. The market is characterized by the rising demand for compact, portable, and affordable payment solutions, particularly among small and medium-sized businesses. Key players in the market are focusing on innovation and offering advanced features such as contactless payments, QR code scanning, and real-time analytics to cater to the evolving needs of merchants and consumers. The growing e-commerce sector, expanding retail industry, and improving internet infrastructure are further propelling the market growth. With the increasing penetration of smartphones and the surge in online transactions, the India mPOS terminals market is expected to continue its upward trajectory in the coming years.
The India mPOS terminals market is experiencing a significant growth trend driven by the increasing adoption of digital payment solutions, the rise of small and medium-sized businesses, and the government`s push towards a cashless economy. The market is witnessing a shift towards more compact and affordable mPOS devices equipped with advanced features such as contactless payments and real-time analytics. Additionally, the integration of mPOS terminals with inventory management and customer relationship management systems is becoming increasingly popular among retailers. The COVID-19 pandemic has further accelerated the adoption of mPOS solutions as businesses look for ways to minimize physical contact during transactions. Overall, the India mPOS terminals market is poised for continued growth as more businesses recognize the convenience and efficiency that these devices offer.
The India mPOS terminals market faces challenges such as low awareness and adoption rates among merchants, especially in smaller cities and rural areas. Limited internet connectivity and concerns around data security also hinder the growth of mPOS solutions in the country. Additionally, the presence of traditional payment methods and the preference for cash transactions among consumers pose challenges for mPOS terminal providers to penetrate the market effectively. Moreover, the high upfront costs of implementing mPOS solutions and the need for continuous technical support and maintenance further add to the challenges faced by players in the India mPOS terminals market. Overall, addressing these challenges and enhancing awareness, affordability, and security features are key areas for stakeholders to focus on to drive the growth of mPOS terminals in India.
The India mPOS (mobile Point of Sale) terminals market presents significant investment opportunities due to the country`s growing digital payment ecosystem and increasing adoption of cashless transactions among businesses and consumers. With the government`s push towards a cashless economy and the rise of e-commerce and mobile banking, the demand for mPOS terminals is expected to surge. Investing in mPOS technology providers, payment processing companies, and fintech startups developing innovative solutions for the Indian market could yield promising returns. Additionally, targeting specific industries such as retail, hospitality, and transportation that heavily rely on point-of-sale transactions can be a strategic investment approach to capitalize on the expanding mPOS market in India.
The Indian government has implemented several policies to boost the mPOS terminals market. Initiatives such as the Digital India campaign and the push for cashless transactions have provided a conducive environment for the growth of mPOS terminals. The RBI has also introduced guidelines to regulate the use of mPOS devices, ensuring security and efficiency in transactions. Additionally, the government has incentivized the adoption of mPOS terminals by offering subsidies and tax benefits to merchants and service providers. These policies aim to drive financial inclusion, promote digital payments, and enhance the overall efficiency of the payment ecosystem in India, ultimately contributing to the growth of the mPOS terminals market in the country.
The India mPOS terminals market is poised for significant growth in the coming years due to several key factors. The increasing adoption of digital payment solutions, rising e-commerce activities, and the government`s push for cashless transactions are driving the demand for mPOS terminals. Additionally, the growing number of small and medium-sized enterprises (SMEs) and the penetration of smartphones are further fueling market growth. With advancements in technology leading to more affordable and user-friendly mPOS solutions, the market is expected to witness a surge in adoption across various sectors including retail, hospitality, and transportation. As a result, the India mPOS terminals market is projected to experience robust expansion in the near future, offering ample opportunities for both existing players and new entrants to capitalize on the growing trend of digital payments.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India mPOS Terminals Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India mPOS Terminals Market Revenues & Volume, 2021 & 2031F |
3.3 India mPOS Terminals Market - Industry Life Cycle |
3.4 India mPOS Terminals Market - Porter's Five Forces |
3.5 India mPOS Terminals Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India mPOS Terminals Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.7 India mPOS Terminals Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 India mPOS Terminals Market Revenues & Volume Share, By Transaction Mode, 2021 & 2031F |
3.9 India mPOS Terminals Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India mPOS Terminals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital payment methods in India |
4.2.2 Government initiatives promoting cashless transactions |
4.2.3 Growing smartphone penetration and internet usage in the country |
4.3 Market Restraints |
4.3.1 Security concerns related to digital transactions |
4.3.2 Lack of awareness and trust among merchants and consumers |
4.3.3 Infrastructure challenges in remote areas impacting terminal deployment |
5 India mPOS Terminals Market Trends |
6 India mPOS Terminals Market, By Types |
6.1 India mPOS Terminals Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India mPOS Terminals Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 India mPOS Terminals Market Revenues & Volume, By Mobile Card Reader, 2021 - 2031F |
6.1.4 India mPOS Terminals Market Revenues & Volume, By Handheld POS Terminal, 2021 - 2031F |
6.1.5 India mPOS Terminals Market Revenues & Volume, By Tablet POS System, 2021 - 2031F |
6.1.6 India mPOS Terminals Market Revenues & Volume, By Smartphone POS System, 2021 - 2031F |
6.1.7 India mPOS Terminals Market Revenues & Volume, By All-in-One POS System, 2021 - 2031F |
6.2 India mPOS Terminals Market, By Connectivity |
6.2.1 Overview and Analysis |
6.2.2 India mPOS Terminals Market Revenues & Volume, By Bluetooth, 2021 - 2031F |
6.2.3 India mPOS Terminals Market Revenues & Volume, By Wi-Fi, 2021 - 2031F |
6.2.4 India mPOS Terminals Market Revenues & Volume, By Cellular Network, 2021 - 2031F |
6.2.5 India mPOS Terminals Market Revenues & Volume, By USB, 2021 - 2031F |
6.2.6 India mPOS Terminals Market Revenues & Volume, By NFC, 2021 - 2031F |
6.3 India mPOS Terminals Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India mPOS Terminals Market Revenues & Volume, By Retail, 2021 - 2031F |
6.3.3 India mPOS Terminals Market Revenues & Volume, By Hospitality, 2021 - 2031F |
6.3.4 India mPOS Terminals Market Revenues & Volume, By Food Service, 2021 - 2031F |
6.3.5 India mPOS Terminals Market Revenues & Volume, By Transportation, 2021 - 2031F |
6.3.6 India mPOS Terminals Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.4 India mPOS Terminals Market, By Transaction Mode |
6.4.1 Overview and Analysis |
6.4.2 India mPOS Terminals Market Revenues & Volume, By Contactless, 2021 - 2031F |
6.4.3 India mPOS Terminals Market Revenues & Volume, By Chip & Pin, 2021 - 2031F |
6.4.4 India mPOS Terminals Market Revenues & Volume, By Swipe, 2021 - 2031F |
6.4.5 India mPOS Terminals Market Revenues & Volume, By Magnetic Stripe, 2021 - 2031F |
6.4.6 India mPOS Terminals Market Revenues & Volume, By QR Code, 2021 - 2031F |
6.5 India mPOS Terminals Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 India mPOS Terminals Market Revenues & Volume, By Online Retail, 2021 - 2031F |
6.5.3 India mPOS Terminals Market Revenues & Volume, By Electronics Stores, 2021 - 2031F |
6.5.4 India mPOS Terminals Market Revenues & Volume, By Supermarkets, 2021 - 2031F |
6.5.5 India mPOS Terminals Market Revenues & Volume, By Wholesale Distributors, 2021 - 2031F |
6.5.6 India mPOS Terminals Market Revenues & Volume, By Specialty Stores, 2021 - 2031F |
7 India mPOS Terminals Market Import-Export Trade Statistics |
7.1 India mPOS Terminals Market Export to Major Countries |
7.2 India mPOS Terminals Market Imports from Major Countries |
8 India mPOS Terminals Market Key Performance Indicators |
8.1 Average transaction value per mPOS terminal |
8.2 Percentage increase in the number of transactions processed through mPOS terminals |
8.3 Customer satisfaction scores related to mPOS terminal usage |
9 India mPOS Terminals Market - Opportunity Assessment |
9.1 India mPOS Terminals Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India mPOS Terminals Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.3 India mPOS Terminals Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 India mPOS Terminals Market Opportunity Assessment, By Transaction Mode, 2021 & 2031F |
9.5 India mPOS Terminals Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India mPOS Terminals Market - Competitive Landscape |
10.1 India mPOS Terminals Market Revenue Share, By Companies, 2024 |
10.2 India mPOS Terminals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |