The number of POS terminals in Turkey stood at 2.57 million units in 2023. The year-on-year growth rate for the last two years was 1.44% in 2023 and 1.49% in 2022. Over the past five years, the compound annual growth rate (CAGR) was 1.72%. From 2024 onwards, the number of POS terminals is forecasted to increase, reaching 2.74 million units by 2028, with a forecasted five-year CAGR of 1.02% and an overall growth rate of 5.22% over that period.
Future trends to watch for:
- Increasing adoption of advanced payment technologies.
- Greater integration of mobile POS systems.
- Growth in contactless payment options.
- Expansion of e-commerce and digital payment infrastructure.
