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Outdoor Payment Terminal OPT in Malaysia

The market for outdoor payment terminals is expected to expand significantly over the coming years as a result of increased adoption of the payment infrastructure, EMV standards, and a shift away from point-of-sale (POS) devices toward outdoor payment terminals because of their ease of use and contactless payment option.

Outdoor Payment Terminal OPT in Malaysia
Outdoor Payment Terminal OPT

The market for outdoor payment terminals is expanding as a result of rising use of technologies like ML and AI and customer conveniences like faster transaction speeds and ease of use. The work-from-home culture and e-commerce have helped the OPT industry expand in the middle of the epidemic. The use of outdoor payment terminals is expanding, and it is anticipated that it will pick up steam among customers and establish itself as a competitive payment option. Based on the total installed base, the Outdoor Payment Terminal Market in Malaysia is categorised and is projected to expand at a CAGR of XX% (Contact us for more details) between 2021 and 2025F.

Installation and Adoption Rate of Outdoor Payment Terminals OPT in Malaysia

Installation of Outdoor Payment Terminals Year Over Year: The convenience and user-friendly interface of outdoor payment terminals, combined with their profitability for both EV charging stations and petrol stations, are likely to lead to an increase in their installation year over year.

Outdoor payment terminal adoption rate (based on consumer behaviour): Consumer acceptance of the outside payment terminals is high in both convenience stores and gas stations.

Outdoor Payment Terminal Industry Research Report for Malaysia (Contact us for more details)

Future Outlook and Projections for PCT and EV Charging Payment Terminal Market Growth (Contact us for more details)

In the near future, the number of gas stations and EV charging stations will have an impact on the market for outdoor payment terminals. Fuel stations will become less necessary as EVs become more widely available and less expensive as infrastructure and worries about charging EVs alter. The number of fuelling stations and EV charging stations is anticipated to increase over the period 2021 to 2025F at a CAGR of XX% and XX%, (Contact us for more details) respectively, in the near future.

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