As stated in our extensive report, the Global Outdoor Payment Terminals Market accounted forUSD 819.5 Millionin the year 2021. Outdoor self-service payment terminals improve transaction procedures' security, efficiency, and flexibility. Self-service terminals save operational expenses by reducing the need for people for transactions, providing consistent customer service, and boosting service availability 24 hours a day, seven days a week.
There have been many innovations in Smartphones over the last few years, from keypad phones to screen-touch smartphones. New technology may be observed in Smartphone security features such as face recognition, lock screen, and fingerprint scanner. In addition, payment systems are rapidly moving from mobile payments to hands-free payments that use Bluetooth or WIFI and allow the phone to be kept in the pocket.
POS theft is often committed during a transaction at a merchant's business. After collecting the customer's card for payment processing, the salesperson illegally copies the card data for later use. There are several methods for stealing our personal information during an online transaction. That includes installing software that records our keystrokes & steals our passwords & credit card information when using free public Wi-Fi and sending a customer to a fake website that appears just like the genuine thing and takes our personal information.
The outbreak of COVID-19 is projected to benefit the Outdoor Payment Terminals market, owing to the global acceptance and use of digitalized & online payment systems.
Regional Outlook of Outdoor Payment Terminals market: North America is the Most Potential
North America dominates the growth of Global Outdoor Payment Terminals market in 2021, owing to the emergence of advanced technologies along with the well-established IT infrastructure in this region. In addition, regional IT firms are combining their efforts to encourage using a contactless payment platform. These firms are working with several financial institutions to establish safe, transparent, decentralized, and strong platforms in response to the high risk of cyber-crime.
Some of the key players in the GlobalOutdoor Payment Terminals Marketinclude-ACI Worldwide Inc, Fidelity Information Services Inc, Fiserv Inc, Master card Inc., PayPal Holding Inc, Visa Inc, Apple Inc., Temenos AG, Capgemini SE, Finastra Group Holdings Limited, and others.