Press Release
Cyprus POS Terminals Market Set for Strong Digital Payments Boom
Pune | December 4, 2025
Global Data Route Analytics announces the release of its latest research report, revealing strong growth momentum in the Cyprus Point-of-Sale (POS) Terminals Market. The market is projected to grow from approximately USD 61.7 million in 2024 to USD 112.3 million by 2032, driven by rapid digital payment adoption across retail and hospitality segments and enhanced consumer demand for seamless, secure, and contactless transactions.
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The report highlights a steady CAGR of nearly 7.3% between 2026 and 2032, fueled by rising adoption of mobile wallets, QR-based payments, IoT-enabled POS solutions, and continuous upgrades in payment security standards. Cloud-based POS systems are gaining strong traction as businesses shift toward flexible, scalable, and cost-efficient payment infrastructure.
Expanding use cases across retail, hospitality, healthcare, transportation, and SMEs underline the market’s diversification. The study also underscores increasing opportunities driven by mobile POS terminals, self-service kiosks, and integration of advanced analytics for operational efficiency and customer experience enhancement.
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Key market segmentation includes:
• Terminal Type: Fixed POS Terminals; Mobile POS Terminals; Self-Service Kiosks
• Application: Retail; Hospitality; Healthcare; Transportation; Others
• Payment Type: Contactless Payments; Chip and PIN Payments; Magnetic Stripe Payments; QR Code Payments
• Deployment Mode: Cloud-Based; On-Premises
• End User: Small and Medium Enterprises (SMEs); Large Enterprises
• Global POS Market Regional Overview: North America (United States, Canada); Europe (United Kingdom, Germany, France, Italy, Spain, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific); Latin America (Brazil, Mexico, Rest of Latin America); Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East and Africa)
Prominent companies analyzed in the report include:
• Ingenico Group (a Worldline Company)
• Verifone Systems, Inc.
• PAX Technology Limited
• Square, Inc.
• Clover Network, LLC
• Toshiba Global Commerce Solutions
• NCR Corporation
• Castles Technology
• Diebold Nixdorf
• First Data Corporation (Fiserv, Inc.)
• SumUp
• PayPal Here
• Equinox Payments, Inc.
• BBPOS Limited
• Miura Systems Ltd.
• Others
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About the Company
Global Data Route Analytics is a market research and consulting firm that provides businesses with data analysis, market forecasts, and tailored reports across various industries. The company uses advanced data analysis techniques, proprietary data, and an expert team to help clients understand market trends, make informed decisions, and develop strategies. They focus on delivering customized solutions, competitive intelligence, and growth strategies to help businesses succeed in their respective markets.
Media Contact:
Srushti Tungar
Global Data Route Analytics.
