Forecast: Value of POS Transactions at Terminals in India

In 2023, the value of POS transactions at terminals in India stood at 119.81 billion USD. Observing trends over the previous years, the growth rate has experienced significant fluctuation. Notably, there was rapid growth from 2013 to 2016, with a particularly sharp increase in 2016. This was followed by a decline in 2017 and moderate growth thereafter, culminating in a slight decrease in 2020 due to external factors like the COVID-19 pandemic. The years 2021 and 2022 saw a return to growth with a slight decline, and a modest increase in 2023. The 5-year CAGR up to 2023 was 5.05%, indicating steady but slower growth in recent years.

Looking forward, the forecasted data suggests a continuing steady growth pattern with a forecasted 5-year CAGR of 3.09%, reaching a value of 146.36 billion USD by 2028. This indicates a gradual but consistent increase in POS transactions value at terminals in India, suggesting a slow yet steady market maturation.

Future trends to watch for include the possible impacts of technological advancements such as the increased adoption of contactless and mobile payments, continued digital transformation initiatives, and regulatory changes aimed at enhancing digital payment infrastructure in India.