Juniper Research: Contactless Point of Sale Installed Base to Exceed 161m by 2024, Driven by Cashless Transitions
Summary
Juniper Research recommends that hardware vendors focus on enabling higher value contactless payments on existing POS devices by embracing mobile wallets and biometric payments cards at POS. For more insights, download the free whitepaper: Key Trends in the POS Hardware Market. Research author Susannah Hampton explains: “In India, where biometric identity schemes are bringing the unbanked into the financial system, this type of device has high potential. It also has disruptive possibilities in developed regions, where biometric data is already being used in smartphones and identity documents, such as passports. We recommend that established POS hardware vendors develop biometric capabilities early to enable future revenue growth.” Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.