Based on the data, the value of POS transactions at terminals in China has shown a trend of steady growth from 2013 to 2023, standing at 12.56 trillion US Dollars in 2023. The year-on-year increase from 2022 to 2023 is 4.41%, while the five-year compound annual growth rate (CAGR) from 2017 to 2022 was 5.09%. The growth trend has moderated over time with noticeable peaks in earlier years and more consistent growth in later years.
Future trends to watch for:
- A moderate growth rate is forecasted, with a CAGR of 2.81% projected from 2024 to 2028.
- Technological advancements in payment methods and increased consumer adoption of digital payments may influence the growth trajectory.
- Regulatory changes and economic factors could impact the POS transaction values in unexpected ways, necessitating close monitoring.