A Point of Sale (POS) terminal, also referred to as a payment terminal, is a device that processes debit and credit card transactions for merchants and businesses. Whilst older models use either a telephone line or ethernet cable to connect the device, the majority of newer models now use either a mobile network, Wi-Fi or Bluetooth to allow card payments to make electronic fund transfers. To ensure a secure payment, POS terminals use a PINpad for consumers to enter their PIN number, with many models now allowing contactless payments for smaller purchases.
The expansion of payment methods has meant that modern POS terminals accept payments ranging from debit and credit cards to smartwatches, digital payment apps and mobile wallets. In the United Kingdom (UK), payments using a card are still the most popular method. It has been forecast that the value of POS transactions will continue to rise across Europe in the coming years.
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In the following 5 chapters, you will quickly find the 24 most important statistics relating to "ATMs and POS in Europe".