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More than 67m contactless POS terminals shipped in 2020 • NFCW

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By Tom Phillips[2] • • Updated • nfcw.com[3]

POPULAR: Nearly three-quarters of all POS terminals shipped globally during 2020 included support for NFC
Annual shipments of NFC-ready POS terminals reached 67.2m units globally in 2020, bringing the total number to 140.5m or 68% of all POS terminals worldwide, according to Berg Insight[4].

This compares with shipments of 47.8m units globally and a total number of NFC-ready POS terminals worldwide of 100.4m in 2019, as reported by Berg in May 2020[5].

Nearly three-quarters of all POS terminals shipped worldwide during 2020 included support for NFC (74%) with the highest percentage being installed in Europe and North America — where more than nine in 10 terminals were NFC-ready (96%) — and with Brazil, Turkey and China remaining among the markets where NFC was also “very popular”.

Berg also predicts that the global installed base of NFC-ready POS terminals will grow at a compound annual growth rate (CAGR) of 14.3% to reach a total of 274.2m in 2025 or 91% of all POS terminals worldwide.

Despite rapid growth in the installed base of NFC-ready POS terminals, however, the analysts also note that “some of the terminals do still not have the contactless features turned on” and

Read more from our friends at NFC World

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