The number of POS terminals in Mexico has displayed a consistent upward trend from 2013 to 2023, increasing from 682.08 thousand units to 1190.0 thousand units. The most substantial year-on-year growth was observed in 2015 at 13.01%, while the growth rate has gradually declined over the years, reaching 3.05% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) has been 3.19%.
From 2024 onwards, the forecast indicates a continued increase in the number of POS terminals, albeit at a slower average annual growth rate of 2.06%, with a projected total of 1360.0 thousand units by 2028. The overall growth from 2023 to 2028 is expected to be 10.72%.
Future trends to watch for include the increasing adoption of mobile payment solutions, integration with emerging technologies like blockchain, and enhanced security measures to protect consumer data and transaction integrity.
