Analyzing POS Terminal Shipments in 2013: Insights from the Nilson Report

Introduction:

The Nilson Report, a leading provider of global payment industry news and analysis, recently released its findings on POS terminal shipments in 2013. This report provides valuable insights into the trends and growth patterns observed during that year. In this blog post, we will delve into the key findings from the Nilson Report and analyze the implications for the payment industry.

1. The Growth of Contactless Payments:

One of the notable trends revealed in the Nilson Report is the rapid growth of contactless payments in 2013. The report indicates that POS terminal shipments for contactless technology experienced a significant increase compared to the previous years. This growth can be attributed to the convenience and time-saving benefits of contactless payments for both merchants and consumers. As more consumers embrace this technology, it is expected to drive further innovations in the payment industry.

2. Shift towards EMV Compliance:

Another crucial finding highlighted in the Nilson Report is the adoption of EMV-compliant POS terminals in 2013. With security concerns on the rise, merchants started embracing EMV chip-enabled terminals to mitigate the risk of fraud. The report suggests that this transition towards EMV compliance was driven by regulatory changes and incentives provided by payment networks. This movement towards more secure payment terminals laid the foundation for the future migration to EMV technology.

3. The Rise of Mobile Payment Solutions:

In 2013, the Nilson Report also shed light on the emergence of mobile payment solutions. The report identified a significant increase in the shipment of POS terminals compatible with mobile wallets and payment apps. This shift indicates a growing consumer preference for the convenience and seamless experience offered by mobile payments. The introduction of new players in the market, such as Google Wallet and Apple Pay, contributed to the growing adoption of these solutions.

4. Regional Disparities in POS Terminal Shipments:

Analyzing the regional distribution of POS terminal shipments in 2013 provides interesting insights into the global payment landscape. The Nilson Report reveals that North America and Europe were the leading regions in terms of terminal shipments during that year. These regions exhibited higher rates of adoption due to established banking infrastructures and advanced payment systems. In contrast, emerging markets such as Asia-Pacific and Latin America experienced a slower adoption rate but showed significant potential for future growth.

5. Opportunities for POS Terminal Manufacturers:

The Nilson Report also presents opportunities for POS terminal manufacturers to capitalize on the evolving payment landscape. With the increasing demand for contactless and mobile payment solutions, manufacturers can focus on developing innovative and user-friendly terminals that cater to these preferences. Additionally, expanding into emerging markets presents a promising avenue for growth and market expansion.

6. The Road Ahead:

The Nilson Report's insights from POS terminal shipments in 2013 paint a dynamic picture of the payment industry's trajectory. As technology and consumer preferences continue to evolve, there is a need for constant innovation to meet these demands. Contactless payments, EMV compliance, and mobile payment solutions are crucial areas for future development. Manufacturers, payment providers, and merchants must collaborate to create a secure, convenient, and seamless payment ecosystem.

In conclusion,

The Nilson Report's analysis of POS terminal shipments in 2013 provides valuable insights into the trends and growth patterns observed during that year. The rise of contactless payments, the shift towards EMV compliance, and the emergence of mobile payment solutions shaped the payment landscape in 2013 and laid the foundation for future innovations. Manufacturers and payment industry stakeholders must adapt to these changing trends to stay ahead of the curve and meet consumer demands.

(Note: Please remove the "Conclusion" if it appears at the end of the article)