Latin America POS terminal market is witnessing significant growth primarily due to the increasing usage of digital platforms and e-commerce applications in the region. Additionally, increasing investment by enterprises for technological up-gradation to deliver secure payment solutions as well as rising adoption of mobile wallets and cloud applications are some of the other key factors which are driving the demand for POS terminals in Latin America. Further, government initiatives such as the integration of e-wallets and seamless payments for domestic, cross-border, and foreign exchange transactions as well as efforts by central banks to launch new digital technologies would further accelerate the demand for the POS terminals in Latin America over the coming years.

According to 6Wresearch, Latin America POS Terminal Market is expected to register substantial growth during 2020-2026. Rising usage of wireless payment system and cashless transactions, growing adoption of e-payment platforms, increasing usage of mobile wallets, growing acceptance of EuroPay, MasterCard, and Visa Cards as payment options as well as technological innovation and integration of cloud applications are some of the key growth drivers of the Latin America POS terminal market during the forecast period. However, the Latin America POS terminal market is expected to witness a slowdown at the beginning of 2020, due to the outbreak of the Covid-19 pandemic and the market is expected to recover gradually over the next few years.

In terms of countries, Mexico and Brazil are the key revenue-generating markets in the overall Latin America POS terminal market owing to a surge in the adoption of online platforms for financial and cashless transactions in these countries. Additionally, in terms of type, the portable and mobile POS terminals are registering significant growth in Latin America. Further, the healthcare and retail verticals are dominating the overall Latin America POS terminal market due to the outbreak of the Covid-19 pandemic in the region.

Some of the leading players in the Latin America POS terminal market are Ingenico International India Pvt. Ltd., Mswipe Technologies Private Limited, Ezetap Mobile Solutions Pvt. Ltd., MobiSwipe Technologies Private Limited, Paynear One, PayU Money, ePaisa, Pine Labs, and PAX Technologies Pvt. Ltd.

The Latin America POS terminal market report thoroughly covers the market by terminals types, end-users, and countries such as Mexico, Brazil, and Argentina. The Latin America POS terminal outlook report provides an unbiased and detailed analysis of the ongoing Latin America POS terminal market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latin America POS terminal market is anticipated to register sound revenues during the forecast period 2020-26F on the back of the rising potential growth of the healthcare sector across the region. Increased healthcare infrastructure clinics and labs along with increased payment technological revolutions in the healthcare sector like wireless technology have been emerging during payment and POS terminals are estimated to surge up across the region in the forthcoming year. In the entire Latin America Mexican city of Cancun is the most visited place which has led to the increased hospitality sector in the country where POS terminal is proven provide during payment time and is estimated to boost the growth of the Mexican country and would benefit the entire Latin America POS terminal market in the upcoming six years.

Latin America POS Terminal market is anticipated to register sound revenues in the upcoming six years on the back of the rising substantial growth of the commercial sector across the region. Additionally, the retail sector is estimated to generate high sales revenues in the upcoming six years on the back of the rising population base and card users simultaneously increase the adoption of POS terminal. Also, the tourism sector is the top reason for the growth of the hospitality sector coupled with the rising growth of the breweries industry exponentially in Brazil especially which is set to act as a growth proliferating factor for the growth of the Latin America POS Terminal market in the coming years.

 Key Highlights of the Report:

• Latin America POS Terminal Market Overview
• Latin America POS Terminal Market Outlook
• Latin America POS Terminal Market Forecast
• Historical Data of Latin America POS Terminal Market Revenues for the Period 2016-2019
• Latin America POS Terminal Market Size and Forecast of Revenues, Until 2026
• Historical Data of Latin America POS Terminal Market Revenues, by Terminal Types, for the Period 2016-2019
• Market Size & Forecast of Latin America POS Terminal Market Revenues, by Terminal Types, Until 2026
• Historical Data of Latin America POS Market Terminal Revenues, by End-User, for the Period 2016-2019
• Market Size & Forecast of Latin America POS Terminal Market Revenues, by End-User, Until 2026
• Historical Data of Mexico Point-of-Sale Terminal Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Mexico Point-of-Sale Terminal Market Revenues and Volume, Until 2026
• Historical Data of Brazil Point-of-Sale Terminal Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Brazil Point-of-Sale Terminal Market Revenues and Volume, Until 2026
• Historical Data of Argentina Point-of-Sale Terminal Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Argentina Point-of-Sale Terminal Market Revenues and Volume, Until 2026
• Historical Data of Rest of Latin America Point-of-Sale Terminal Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Rest of Latin America Point-of-Sale Terminal Market Revenues and Volume, Until 2026
• Market Drivers and Restraints
• Latin America POS Terminal Market Trends
• Market Opportunity Assessment
• Latin America POS Terminal Market Share, By Countries
• Latin America POS Market Share, By Players
• Latin America POS Terminal Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered:

The Latin America POS terminal market report provides a detailed analysis of the following market segments:

• By POS Terminal Type:
• Portable
• Countertop
• Mobile POS
• PIN Pad
• Multimedia
  
  
• By End Users:
• Hospitality & Healthcare
• Retail & e-Commerce
• Government & Transportation
• Others
  
  
• By Countries:
• Mexico
• Brazil
• Argentina
• Rest of Latin America

 Other Key Related Reports Include:

• Mexico POS Terminal Market Report
• Brazil POS Terminal Market Report
• Argentina POS Terminal Market Report