Summary

The Middle East & Africa (MEA) POS terminal market has evolved as a key enabler of digital payment transformation, bridging the gap between traditional cash-based transactions and modern, tech-driven financial ecosystems. POS terminals are now an integral part of retail, banking, hospitality, and service industries, facilitating seamless electronic transactions and driving financial inclusion across both developed economies like the UAE and Saudi Arabia and emerging markets in Africa. The region is undergoing a rapid shift from cash-dominated transactions to digital and card-based payment solutions, fueled by growing smartphone penetration, rising fintech adoption, and government-backed initiatives promoting cashless economies. The increasing popularity of mobile banking, contactless payments, and QR-code-based transactions has led businesses to adopt modern POS systems that support diverse payment methods, including Near Field Communication (NFC), biometric authentication, and digital wallets. The expansion of internet access and mobile networks is further enhancing the deployment of cloud-based and mobile POS solutions, enabling businesses of all sizes to offer fast and secure payment experiences. Large-scale infrastructure development and urbanization in MEA are also contributing to the demand for sophisticated POS terminals that integrate with enterprise resource planning (ERP) and inventory management systems. Governments and financial regulators are introducing digital payment frameworks, cybersecurity measures, and stringent compliance standards, such as EMV and PCI DSS, to ensure secure transaction processing and combat fraud risks. Additionally, fintech startups and global payment solution providers are investing heavily in the region, fostering innovation in AI-driven analytics, blockchain-based payment security, and real-time transaction monitoring. While major economies in the Gulf Cooperation Council (GCC) lead the region in POS adoption, African nations are catching up through mobile POS solutions that cater to underbanked populations and small businesses. Sustainability is also gaining traction in the market, with businesses exploring energy-efficient POS hardware, digital receipt solutions, and cloud-based transaction processing to reduce environmental impact.

According to the research report "Middle East and Africa Point of Sale (POS) Terminal Market Outlook, 2030," published by Bonafide Research, the Middle East and Africa Point of Sale (POS) Terminal market is anticipated to grow at more than 9.37% CAGR from 2025 to 2030. This growth is propelled by the region's rapid digital transformation, increasing mobile penetration, and the rising adoption of electronic payments, particularly in urban areas and more developed economies such as the United Arab Emirates (U.A.E) and South Africa. Consumer payment preferences are shifting towards digital wallets, with POS systems increasingly integrating with platforms like Apple Pay, Samsung Pay, and Google Pay, allowing customers to make purchases using their mobile devices and enabling merchants to offer rewards and loyalty programs. The competitive landscape features a mix of international POS providers and regional fintech firms, fostering innovation in mobile POS, biometric authentication, and blockchain-based transactions. For instance, Intellect Design Arena Ltd. launched its cloud-based, in-store POS solution, 6DX, in the MEA region, aiming to revolutionize the retail experience in stores, including hypermarkets, fashion and lifestyle, and supermarkets. User experience enhancements are evident as businesses adopt multi-language POS systems, AI-powered analytics, and real-time transaction insights to improve operational efficiency and customer engagement. Interoperability and system integration are advancing, with POS terminals being integrated with e-commerce platforms, ERP solutions, and banking APIs, enabling seamless omnichannel payment experiences. Sustainability initiatives are gaining traction, with the adoption of paperless receipts, solar-powered POS terminals, and cloud-based transaction processing aligning with regional environmental goals. In August 2022, Dukkantek, a UAE-based store management platform provider, secured USD 10 million in funding. Focused on small and medium-sized retailers, the company plans to expand its presence in Europe, the Middle East, and Africa with its seamless POS solutions. Financial inclusion efforts are supported by mobile POS and low-cost digital payment solutions, aiding small businesses, informal merchants, and unbanked populations in participating in the formal economy and expanding financial access.


Market Drivers

• Strong Fintech & Digital Wallets: The Middle East & Africa (MEA) region is witnessing a rapid expansion of fintech solutions, with digital wallets becoming a preferred payment method. Countries like the UAE, Saudi Arabia, and South Africa are leading the charge in mobile payment adoption, with platforms like STC Pay, M-Pesa, and Fawry transforming the digital transaction landscape. These fintech solutions are driving the need for modern POS systems that integrate with mobile wallets, enabling seamless cashless transactions in both urban and rural markets. The rise of neobanks and super apps further enhances the demand for POS terminals that support multiple payment options.
• Government-Led Financial Inclusion Initiatives: Governments across MEA are actively pushing for financial inclusion through digital payment initiatives. In Africa, mobile money services like M-Pesa have revolutionized financial access, particularly in unbanked populations. Similarly, Saudi Arabia’s Vision 2030 and the UAE’s Smart Government initiatives promote digital transactions, leading to increased adoption of POS solutions. Public-private partnerships and regulatory support are encouraging businesses to embrace POS technology, helping bridge the gap between cash-dominated and digital economies.

Market Challenges

• Limited Internet & Power Infrastructure: A major hurdle in POS adoption across many African and Middle Eastern regions is inadequate digital infrastructure. While urban centers in the UAE, Saudi Arabia, and South Africa enjoy high-speed connectivity, rural areas in countries like Nigeria, Ethiopia, and Sudan struggle with limited internet access and unreliable electricity. This lack of infrastructure affects the efficiency of cloud-based POS systems and mobile transactions, forcing businesses to rely on traditional cash-based methods. Efforts to expand internet penetration and invest in renewable energy sources are crucial to overcoming these barriers.
• Fraud & Transaction Security Risks: The MEA region faces persistent cybersecurity threats and fraud-related challenges in digital payments. The growing adoption of POS terminals increases the risk of card skimming, phishing attacks, and unauthorized transactions. In Africa, weak regulatory frameworks and inconsistent cybersecurity measures leave businesses vulnerable to financial fraud. In the Middle East, compliance with global security standards such as PCI DSS (Payment Card Industry Data Security Standard) is improving, but businesses must invest in secure POS infrastructure to protect consumer data and transaction integrity.

Market Trends

• Solar-Powered POS Deployments: Given the challenges of unreliable electricity in several African and Middle Eastern countries, solar-powered POS systems are emerging as a game-changer. These terminals enable businesses in remote areas to process digital transactions without dependency on the power grid. Companies like Mastercard and Visa are collaborating with local financial institutions to deploy solar-powered payment solutions, ensuring financial accessibility even in off-grid regions. This trend is particularly impactful in sub-Saharan Africa, where energy access remains a critical issue.
• Cryptocurrency POS Payment Expansion: With increasing interest in blockchain technology, cryptocurrency-enabled POS systems are gaining traction in MEA. The UAE and Bahrain are leading the way with regulatory frameworks supporting crypto payments, allowing businesses to accept Bitcoin, Ethereum, and other digital currencies. In Africa, countries like Nigeria and Kenya are witnessing a rise in crypto-based remittances and transactions, pushing POS providers to integrate blockchain-based payment solutions. As cryptocurrency adoption grows, POS terminals supporting digital assets could become a vital component of future payment ecosystems in the region.


. Fixed POS terminals lead the market in the Middle East and Africa due to their stability, security, and widespread use in high-volume transaction environments, particularly in retail and hospitality sectors.

Fixed POS terminals dominate in the Middle East and Africa as they provide a reliable and secure solution for businesses that need a stable system to handle large transaction volumes. These systems are especially crucial in sectors such as retail, hospitality, and supermarkets, where businesses process numerous payments daily. Unlike mobile POS systems that are more portable but may face limitations in terms of connectivity or battery life, fixed POS terminals offer uninterrupted service and are less prone to system errors, making them ideal for businesses that require constant, stable operation. The robust features of fixed systems allow them to handle a variety of payment methods, including traditional magnetic stripe cards, chip cards, and contactless payments, while ensuring high security with advanced encryption protocols. In many parts of the Middle East and Africa, fixed POS terminals are also integrated into back-end systems, allowing businesses to manage inventory, track sales, and monitor customer transactions in real time. This integration enhances operational efficiency and improves the customer experience. Additionally, fixed POS terminals are often seen as more cost-effective in the long term because they require minimal maintenance and support, offering a higher return on investment. In regions where businesses face challenges such as unreliable internet connections or low power supply, fixed terminals are a dependable option, ensuring uninterrupted service.

Software is the fastest-growing component in the Middle East and Africa POS terminal market as businesses seek more advanced, scalable, and integrated solutions for managing payments and operations.

Software has emerged as the fastest-growing component in the POS terminal market in the Middle East and Africa due to its ability to transform traditional payment systems into comprehensive business management tools. Modern POS software allows businesses to integrate payment processing with other essential functions, such as inventory management, customer relationship management (CRM), analytics, and reporting. As companies in the region continue to digitalize and automate their operations, the demand for flexible, cloud-based POS software solutions has surged. These software solutions allow businesses to not only process payments securely but also gain insights into customer behavior, optimize inventory levels, and streamline overall business operations. For instance, by leveraging data collected through POS systems, businesses can adjust their marketing strategies, personalize customer experiences, and improve operational efficiency. Moreover, POS software supports multi-channel payment options, including mobile wallets, NFC payments, and cryptocurrency transactions, providing a competitive edge in a region where mobile payments are becoming increasingly popular. In addition to improving functionality, POS software in the Middle East and Africa helps businesses comply with growing regulatory requirements, such as enhanced security measures and data protection laws. These software-driven innovations are particularly beneficial for small and medium-sized enterprises (SMEs) that need affordable yet powerful tools to enhance their operations.

Healthcare is the fastest-growing application type in the POS terminal market in the Middle East and Africa, driven by the growing need for secure, efficient, and patient-friendly payment systems in hospitals and clinics.

The healthcare sector in the Middle East and Africa is increasingly adopting POS terminals as a response to the need for more efficient payment processing and better patient experiences. As healthcare facilities in the region look to streamline administrative processes, reduce payment delays, and offer more transparent billing, POS systems provide an essential solution. These systems enable healthcare providers to accept a variety of payment methods, including credit and debit cards, mobile payments, and insurance claims, making it easier for patients to settle bills at the point of service. Additionally, POS terminals in healthcare settings are integrated with electronic health records (EHR) and other patient management systems, allowing for seamless information sharing across departments. This integration not only improves payment processing speed but also ensures that patient data remains secure and accurate, helping to reduce billing errors. In countries across the Middle East and Africa, healthcare providers are increasingly focused on offering cashless, contactless payment solutions to meet the expectations of a tech-savvy population. With the rapid expansion of digital health services and telemedicine, patients now expect more convenient ways to pay for healthcare services. hospitals, pharmacies, and clinics are increasingly implementing POS systems that can handle these diverse payment methods, ensuring smooth transactions and better service delivery. Healthcare institutions are adopting POS systems to comply with stringent financial and regulatory standards, including anti-fraud measures and patient data protection laws.

Large enterprises dominate the Middle East and Africa POS terminal market due to their extensive customer bases, high transaction volumes, and need for advanced payment solutions that offer operational efficiency and scalability.

Large enterprises in the Middle East and Africa are the leading end-users of POS terminals due to their ability to invest in robust and scalable payment systems that can handle a high volume of transactions. These enterprises, including retail chains, supermarkets, and hospitality businesses, require sophisticated POS solutions to streamline payment processing, manage inventory, and gain valuable insights into customer behavior. The demand for advanced POS systems is particularly strong in sectors like retail, where large businesses must manage multiple payment methods, ensure fast transaction processing, and maintain secure data exchanges across multiple locations. Large enterprises in the region are also increasingly adopting POS systems that integrate with other business solutions such as enterprise resource planning (ERP), customer relationship management (CRM), and e-commerce platforms. This integration helps to improve operational efficiency and offers a more seamless and personalized customer experience. Furthermore, large enterprises are better positioned to implement cutting-edge features like AI-powered analytics, biometric authentication, and mobile POS solutions. These technologies not only improve customer service but also allow businesses to stay ahead of emerging trends in the digital payment landscape.


Saudi Arabia leads the Middle East and Africa POS terminal market due to its well-established retail and hospitality sectors, strong government initiatives, and increasing demand for digital payment solutions.

Saudi Arabia has become a leader in the Middle East and Africa’s POS terminal market, largely driven by the country’s rapid economic growth, digitalization efforts, and government support for financial inclusion. As the largest economy in the Gulf Cooperation Council (GCC), Saudi Arabia has a robust retail and hospitality sector, which is a major driver for POS terminal adoption. The government has been actively promoting cashless transactions as part of its broader Vision 2030 initiative, which aims to modernize the economy and reduce reliance on cash. This initiative has led to the implementation of policies encouraging digital payment systems, increasing the demand for POS terminals across sectors such as retail, healthcare, and hospitality. Furthermore, Saudi Arabia's large consumer population and high smartphone penetration have created a strong demand for mobile and contactless payment solutions, leading businesses to adopt modern POS systems that can accommodate these payment methods. The kingdom is also a hub for global and regional retail chains, which require sophisticated POS systems to handle high transaction volumes and ensure secure payment processing. Saudi Arabia’s growing fintech sector has further accelerated the adoption of innovative POS technologies, including mobile POS (mPOS) and cloud-based payment solutions.


Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Point of Sales Terminal Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Fixed POS Terminals
• Mobile POS (mPOS) Terminals

By Component
• Hardware
• Software
• Services

By Application
• Retail
• Hospitality
• Healthcare
• Entertainment & Gaming
• Others

By End-User
• Large Enterprises
• Small & Medium Enterprises (SMEs)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.


***Please Note: It will take 48 hours (2 Business days) for delivery of the report upon order confirmation.

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Table of Contents

Table of Contents

1. Executive Summary
2. Market Dynamics
2.1. Market Drivers & Opportunities
2.2. Market Restraints & Challenges
2.3. Market Trends
2.3.1. XXXX
2.3.2. XXXX
2.3.3. XXXX
2.3.4. XXXX
2.3.5. XXXX
2.4. Supply chain Analysis
2.5. Policy & Regulatory Framework
2.6. Industry Experts Views
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Market Structure
4.1. Market Considerate
4.2. Assumptions
4.3. Limitations
4.4. Abbreviations
4.5. Sources
4.6. Definitions
5. Economic /Demographic Snapshot
6. Middle East & Africa POS Terminal Market Outlook
6.1. Market Size By Value
6.2. Market Share By Country
6.3. Market Size and Forecast, By Type
6.4. Market Size and Forecast, By Component
6.5. Market Size and Forecast, By Application
6.6. Market Size and Forecast, By End-User
6.7. United Arab Emirates (UAE) POS Terminal Market Outlook
6.7.1. Market Size by Value
6.7.2. Market Size and Forecast By Type
6.7.3. Market Size and Forecast By Component
6.7.4. Market Size and Forecast By Application
6.7.5. Market Size and Forecast By End-User
6.8. Saudi Arabia POS Terminal Market Outlook
6.8.1. Market Size by Value
6.8.2. Market Size and Forecast By Type
6.8.3. Market Size and Forecast By Component
6.8.4. Market Size and Forecast By Application
6.8.5. Market Size and Forecast By End-User
6.9. South Africa POS Terminal Market Outlook
6.9.1. Market Size by Value
6.9.2. Market Size and Forecast By Type
6.9.3. Market Size and Forecast By Component
6.9.4. Market Size and Forecast By Application
6.9.5. Market Size and Forecast By End-User
7. Competitive Landscape
7.1. Competitive Dashboard
7.2. Business Strategies Adopted by Key Players
7.3. Key Players Market Positioning Matrix
7.4. Porter's Five Forces
7.5. Company Profile
7.5.1. Verifone, Inc.
7.5.1.1. Company Snapshot
7.5.1.2. Company Overview
7.5.1.3. Financial Highlights
7.5.1.4. Geographic Insights
7.5.1.5. Business Segment & Performance
7.5.1.6. Product Portfolio
7.5.1.7. Key Executives
7.5.1.8. Strategic Moves & Developments
7.5.2. PAX Technology Inc.
7.5.3. Diebold Nixdorf, Incorporated
7.5.4. Ingenico
7.5.5. NCR Voyix Corporation
7.5.6. Shopify Inc.
7.5.7. PayTabs
7.5.8. Network International L.L.C
8. Strategic Recommendations
9. Annexure
9.1. FAQ`s
9.2. Notes
9.3. Related Reports
10. Disclaimer


List of Figures

Figure 1: Global POS Terminal Market Size (USD Billion) By Region, 2024 & 2030
Figure 2: Market attractiveness Index, By Region 2030
Figure 3: Market attractiveness Index, By Segment 2030
Figure 4: Middle East & Africa POS Terminal Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 5: Middle East & Africa POS Terminal Market Share By Country (2024)
Figure 6: United Arab Emirates (UAE) POS Terminal Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 7: Saudi Arabia POS Terminal Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 8: South Africa POS Terminal Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 9: Porter's Five Forces of Global POS Terminal Market


List of Tables

Table 1: Global POS Terminal Market Snapshot, By Segmentation (2024 & 2030) (in USD Billion)
Table 2: Influencing Factors for POS Terminal Market, 2024
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Middle East & Africa POS Terminal Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 7: Middle East & Africa POS Terminal Market Size and Forecast, By Component (2019 to 2030F) (In USD Billion)
Table 8: Middle East & Africa POS Terminal Market Size and Forecast, By Application (2019 to 2030F) (In USD Billion)
Table 9: Middle East & Africa POS Terminal Market Size and Forecast, By End-User (2019 to 2030F) (In USD Billion)
Table 10: United Arab Emirates (UAE) POS Terminal Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 11: United Arab Emirates (UAE) POS Terminal Market Size and Forecast By Component (2019 to 2030F) (In USD Billion)
Table 12: United Arab Emirates (UAE) POS Terminal Market Size and Forecast By Application (2019 to 2030F) (In USD Billion)
Table 13: United Arab Emirates (UAE) POS Terminal Market Size and Forecast By End-User (2019 to 2030F) (In USD Billion)
Table 14: Saudi Arabia POS Terminal Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 15: Saudi Arabia POS Terminal Market Size and Forecast By Component (2019 to 2030F) (In USD Billion)
Table 16: Saudi Arabia POS Terminal Market Size and Forecast By Application (2019 to 2030F) (In USD Billion)
Table 17: Saudi Arabia POS Terminal Market Size and Forecast By End-User (2019 to 2030F) (In USD Billion)
Table 18: South Africa POS Terminal Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 19: South Africa POS Terminal Market Size and Forecast By Component (2019 to 2030F) (In USD Billion)
Table 20: South Africa POS Terminal Market Size and Forecast By Application (2019 to 2030F) (In USD Billion)
Table 21: South Africa POS Terminal Market Size and Forecast By End-User (2019 to 2030F) (In USD Billion)
Table 22: Competitive Dashboard of top 5 players, 2024