Annual number of POS terminals in India 2012-2022

Published by
Raynor de Best,
May 21, 2024

The number of POS terminals in India increased by over 35 percent between 2021 and 2022, as the country continues to promote digital payments. The Indian government has been trying to get rid of cash payments in the country, as can be seen in the historical development of most popular POS payment methods in India: The estimated share of cash declined by 65 percentage points between 2017 and 2022. One of the main drivers behind this is real-time payments system UPI, which ranked as the world's largest brand for such RTP transactions by a large margin.

Total number of POS terminals reported in India from 2012 to 2022

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Release date

February 2024

Region

India

Survey time period

2012 to 2022

Special properties

The source did not provide figures from before 2012

Supplementary notes

Percentage changes have been calculated by Statista.

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