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China Financial POS terminal Industry Report, 2011-2012

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The increasingly robust domestic demand for bank card payment and the mushrooming number of merchants in the POS network boost the demand for financial POS terminals. As of the end of 2011, there had been 3.18 million merchants in the interbank payment network and 4.83 million networked POS terminals in China, up 997,100 merchants and 1.49 million machines over the end of 2010 respectively.  Despite the fast-growing ownership of networked financial POS terminals, the Chinese financial POS terminal market has not been saturated. By the end of 2011, each POS terminal had corresponded to 672 bank cards, down 7.2% year-on-year and far lagging behind developed countries. In the long run... Click here for more details


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