Development prospects of pos machine industry

--Foreseeing 2022: "China's POS Machine Industry Panorama 2022" (with market status, competition pattern and development trend, etc.)

Industry major listed companies: Newland ( 000997); Xin Guo Du (300130); Tianyu Information (300205); Bafu Global (00327.HK); Ubiquiti (300531), etc.

Industry Development Trends

- -In the development of smart payment terminals, the industry has become more and more competitive.

Before the emergence of intelligent commercial POS, there are traditional POS to meet the needs of people to swipe their cards, for the traditional POS, the completion of the payment means the suspension of the transaction, and now, intelligent POS not only can satisfy all payment methods, but will also take payment as a starting point, combined with 5G, IoT, big data and other technologies to derive a series of service scenarios, such as consumer data collection, operation management, membership management, financial services and so on. It is expected that in the next few years, intelligent payment terminals will basically complete the replacement of traditional POS. From the current development status of the mobile payment industry, combined with the development direction of various enterprises in the commercial POS industry, the future of the commercial POS industry will develop in the direction of functional diversification, technological diversification, product servicing, industrial ecology and so on.

--The future will usher in a new round of growth

Along with the rapid development of third-party payment, China is gradually moving towards a cashless society. Compared to developed countries, which have a more mature and perfect financial system, credit card consumption habits have been developed, cashless payment methods mainly stay in the bank card payment. And our country has not yet built a good credit card era, ushered in a more convenient mobile payment, this unique factor makes the cashless society in our country to experience rapid development. At present, offline code-sweeping payment business is the main force to promote the development of cashless society at this stage, while biometric payment will become the main driving force to promote the development of cashless society in the future. And with the continuous introduction of smart POS, China's commercial POS industry will usher in a new round of growth. By 2027, the number of connected POS machines in China is expected to approach 69 million units.

For more research and analysis of this industry, please refer to China POS Terminal Industry Market Outlook Forecast and Investment Strategy Planning Analysis Report by Prospect Industry Research Institute.