Forecast: Number of POS Terminals in Argentina

Between 2013 and 2023, the number of POS Terminals in Argentina increased significantly from 396.58 thousand units to 901.5 thousand units. Year-on-year growth was notable in the years 2017 and 2018 with peaks of 27.22% and 29.68% respectively, reflecting rapid technological expansion and adoption. In contrast, the market saw a negative growth of -3.6% in 2019, likely due to economic volatility. By 2023, the year-on-year growth rate had moderated to 3.53%, with a 5-year CAGR of 2.32%, indicating a more stable, yet slower growth phase.

For the forecasted period from 2024 to 2028, the expected annual average growth rate is estimated to be 2.35%, resulting in 12.29% cumulative growth over the five-year span. This suggests continued but steady expansion of the POS terminal market in Argentina.

Future trends to watch for:

• Adoption of advanced payment technologies such as contactless payments and mobile wallets.
• Impact of economic factors on technology investments by SMEs.
• Regulatory changes affecting financial transactions and digital payments.
• Expansion of e-commerce and its influence on the need for POS terminals.