67 million contactless POS terminals shipped in 2020

Annual shipments of NFC-ready POS terminals reached 67.2m units globally in 2020, bringing the total number to 140.5m or 68% of all POS terminals worldwide.

This compares with shipments of 47.8m units globally and a total number of NFC-ready POS terminals worldwide of 100.4m in 2019.

Nearly three-quarters of all POS terminals shipped worldwide during 2020 included support for NFC (74%) with the highest percentage being installed in Europe and North America and with Brazil, Turkey and China remaining among the markets where NFC was also popular.

Berg Insight forecasts that global shipments of NFC-ready mPOS terminals will grow at a CAGR of 11.7% in the next five years to reach 46.7m units by 2025.