![]() In May 2022, Mastercard, a global payments & technology company, launched a Biometric Checkout Program. Biometric payment is a point-of-sale (POS) technology that identifies users and authorizes withdrawals from bank accounts using physical characteristics-based biometric authentication. ![]() ![]() The biometric payment system is a technology that is being widely used for virtual payment (POS) terminals. Technological Advancement is a key trend gaining popularity in the virtual payment (POS) terminals market. Thus, the increase in digital payments is expected to boost demand for virtual payment (POS) terminals during the forecast period. For instance, in 2021, according to McKinsey's 2021 Digital Payments Consumer Survey, digital payments grew by 12% during 2020-2021 period. Virtual payment (POS) terminals aid digital payments and manage the payments over the phone, through the mail, fax, email, or in person. In addition to the global spread of formal financial institutions, the COVID-19 epidemic has sparked financial inclusion and led to a significant rise in digital payments. The digital revolution has increased access to and use of financial services globally, changing how people send and receive payments, borrow money, and save money. The increasing prevalence of digital payment methods is driving the virtual payment (POS) terminals market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. North America is expected to be the fastest-growing region in the forecast period. North America was the largest region in the virtual payment (POS) terminals market in 2021. The virtual payment (POS) terminals market is expected to reach $34.71 billion in 2026 at a CAGR of 34.6%. The global virtual payment (POS) terminals market is expected to grow from $7.94 billion in 2021 to $10.59 billion in 2022 at a compound annual growth rate (CAGR) of 33.4%. 12, 2022 (GLOBE NEWSWIRE) - The "Virtual Payment (POS) Terminals Global Market Report 2022" report has been added to 's offering. That means that no matter what your line of work is-general contracting, mobile services, delivery of goods-with PSiGate you’re connected and ready for business.Dublin, Oct. And PSiGate’s Virtual Terminal even works with your smartphone. Visa, Visa Debit, MasterCard and American Express are all at your fingertips, and your transactions will be processed safely and securely in real time. Wherever your customers are-at home or on the road, in their office or at the cottage-you can now seal the deal and get paid right away. Its real value lies in its convenience, which will prove its worth over and over again. But a PSiGate Virtual Terminal does more than just save you money. Process secure, real-time card payments from wherever your business takes you. And that means you can forget about expensive hardware and software: with an internet connection and a web browser, you’ll have everything that a point-of-sale terminal provides at a fraction of the cost. The PSiGate Virtual Terminal ensures that if you have a web browser and internet connection, you have a payment terminal-it’s that simple. And thanks to PSiGate’s Virtual Terminal, you never will. Virtual Terminal In today’s world, you can’t afford to miss an opportunity to do business.
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