DUBLIN, August 31, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "China Financial POS Terminal Industry Report, 2016-2020" report to their offering.

With the development of electronic information technology and Internet technology, emerging payments like online payment, mobile payment and fixed-line phone payment have produced certain shunting effect on e-payment in the traditional consumption areas as well as exerted an influence on POS terminal-based e-payments.

However, POS terminal manufacturers have taken the initiative to adapt to the market environment by constantly launching the products with Bluetooth, USB, NFC, QR code and other payment functions, so as to keep the sustained and steady development of the industry. By the end of 2015, 22.82 million units of POS terminals joined the UnionPay network in China, up 43.2% YoY.

After years of development, China's POS acquiring environment has been further improved. In 2015, each POS terminal corresponded to 240 bankcards; POS terminal ownership per 1,000 people rose to 16.66 units. But compared with major developed countries, the number of bank cards corresponding to a POS terminal in China is still high.

In the next few years, as emerging technologies are introduced, POS payments will be safer and more convenient, and the POS terminal market potential will be gradually released. By 2020, there will be 58.85 million POS terminals joining the UnionPay network in China, registering a CAGR of 20.9% during 2015-2020.

Key Topics Covered:

1 Overview of Financial POS Terminal Industry

2 Global Financial POS Terminal Market

3 China Financial POS Terminal Market

4 China Payment Industry

5 China Financial POS Terminal Acquiring Market

6 Key Players in the World

7 Key Players in China

8 Summary & Forecasts

Companies Mentioned

- Bitel
- Castles Technology Co., Ltd.
- Cybernet
- First Data
- Fujian LANDI Commercial Equipment Co., Ltd
- Fujian Newland Computer Co., Ltd.
- Ingenico
- New POS Technology Limited
- PAX Global Technology Limited
- SZZT Electronics Shenzhen Co., Ltd.
- Shenzhen Xinguodu Technology Co., Ltd
- Sunyard System Engineering Co. Ltd
- VeriFone

For more information about this report visit http://www.researchandmarkets.com/research/4cnd24/china_financial

Related Topics: Point of Sale Equipment

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SOURCE Research and Markets