Value of POS transaction in Europe 2018-2020, with 2024 forecast
In 2020, payments in European countries were influenced by the COVID-19 pandemic. In many countries, stores were (temporarily) closed, leading to a decline in the value of POS transactions. Between March 9th and April 20th 2020 alone, European retailers were expected to face a loss of 3.26 billion British pounds due to disruptions.