Top 12 Companies in India Point-of-Sale Terminal Market | Suppliers & Manufacturers 2024

Top 12 Companies in India Point-of-Sale Terminal Market

In recent years, the India point-of-sale terminal Market has witnessed tremendous growth due to the rising adoption of electronic payment methods as well as government initiatives towards promoting cashless transactions. This growth of the market is also attributed to the contribution of key players in the market. The market players have been actively developing advanced technologies and innovative solutions with the purpose of meeting the changing demands of consumers and businesses. They have also been investing heavily in research and development.

Moreover, these industry players have been collaborating with numerous stakeholders like banks, financial institutions, and merchants in order to expand their reach and enhance their market share. This partnership has also resulted in the development of customized solutions that cater to the specific requirements of different industries. Key players have been focusing more on providing seamless and secure payment experiences to customers by incorporating innovative security features in their point-of-sale terminals. This has helped in building trust among consumers and stimulating the adoption of electronic payments. India Point-of-Sale Terminal Market, as per 6Wresearch, is projected to grow at a CAGR of 9.5% from 2023-2029.

List of Leading Companies in the India Point-of-Sale Terminal Market

1. Mswipe Technologies Private Limited

Mswipe Technologies Private Limited is an Indian company that specializes in providing innovative solutions in the field of digital payments and financial technology. Founded in 2011, the company is headquartered in Mumbai, India. Mswipe Technologies has established partnerships with various banks, financial institutions, and merchants to expand its reach and enhance its service offerings.

2. Ingenico

Ingenico is headquartered at France and the company has 40 million terminals deployed worldwide. The company is active in 37 countries. The company caters Indian market through its subsidiary Ingenico International India Pvt Ltd. Worldline completed its $8.6 billion acquisition of Ingenico in 2020.

3. Verifone Inc.

Verifone Inc. is headquartered in California, United States. The company specializes in developing and manufacturing hardware and software products for electronic payment transactions. Verifone's solutions are used by businesses, financial institutions, and consumers around the world. The company caters Indian market through its subsidiaries Verifone India Technology Pvt. Ltd and Verifone India Sales Private. Limited.

4. PAX Global Technology Limited

PAX Global Technology Limited, headquartered in Shenzhen, China, has successfully distributed over 68 million terminals to more than 120 countries worldwide. The company has established a presence in India through its branch located in Gurgaon.

5. NGX Technologies Pvt. Ltd

NGX Technologies Pvt. Ltd, based in Bengaluru, India, serves as the company's headquarters. It has successfully shipped 40,000 products worldwide, establishing a strong presence across the globe. Additionally, the company boasts a robust dealer network in India and maintains resident sales personnel in five major cities throughout the country.

6. Ezetap Mobile Solutions Private Limited

Ezetap Mobile Solutions Private Limited specializes in offering mobile payment solutions. The company focuses on bringing to market a mobile point of sale (PoS) solution. Ezetap's products and services are widely marketed and available throughout India. In August 2022, Ezetap joined the Razorpay family.

7. MobiSwipe Technologies Private Limited

MobiSwipe Technologies Private Ltd. is a company that provides transaction services, specifically focusing on enabling users to accept credit and debit card payments. They offer software solutions that facilitate these payment transactions. The company caters Indian market through its distributors network.

8. Payswiff Solutions Private Limited

Payswiff Solutions Pvt Ltd is a leading technology company that specializes in providing innovative payment solutions and digital transformation services. Headquartered in Hyderabad, India. Payswiff Solutions operates with a mission to simplify and secure digital payments for businesses across various industries.

9. VISIONTEK, Linkwell Telesystems Pvt. Ltd

VISIONTEK, Linkwell Telesystems Pvt. Ltd, based in Telangana, India, operates with an extensive global presence through well-established Marketing, Sales, and Distribution channels across 50 countries. The company possesses a sprawling manufacturing facility of 100,000 square feet dedicated to producing 45 different categories of products.

10. Evolute Group

Evolute Group, a PoS terminal manufacturer based in Maharashtra, India, is dedicated to producing high-quality solutions for businesses. Their product range encompasses e-PoS machines, PoS terminals, micro ATMs, and biometric authentication devices, all designed and manufactured within India. The company prides itself on its ability to customize products according to specific client requirements.

11. Posiflex Technology, Inc

Posiflex Technology, Inc, based in Taiwan, is a worldwide supplier of point-of-sale (POS) and self-service solutions across diverse industries. In India, the company has a subsidiary called Posiflex Technology (India) Pvt. Ltd., through which it conducts its operations.

12. Pine Labs Private Limited

Pine Labs Private Limited, a merchant commerce platform, provides its services to prominent merchants of various sizes in India and Southeast Asia. With its cutting-edge cloud-based software platform, the company offers a diverse array of solutions for payment acceptance and merchant commerce. 

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