Major listed companies in the industry: New World (000997); New capital (300130); Tianyu Information (300205); Baifu Global (00327. HK)； Youboxun (30053 1), etc.
Industry development prospect trend forecast
-With the development of smart payment terminals, the industry will develop towards diversification of functions and technologies.
Before the emergence of intelligent commercial POS, there was a traditional POS to meet people's needs of swiping cards. For traditional POS machines, the completion of payment means the suspension of the transaction. Now, smart POS can not only satisfy all payment methods, but also derive a series of service scenarios such as consumption data collection, operation management, membership management, financial services, etc. based on payment, combined with technologies such as 5G, Internet of Things and big data. It is expected that in the next few years, smart payment terminals will basically replace traditional POS. Judging from the current development status of the mobile payment industry, combined with the development direction of various enterprises in the commercial POS machine industry, the future commercial POS machine industry will develop in the direction of functional diversification, technology diversification, product service and industrial ecology.
-There will be a new round of growth in the future.
With the rapid development of third-party payment, China is gradually moving towards a cashless society. Compared with developed countries, with a relatively mature and perfect financial system, credit card consumption habits have been developed, and cashless payment mainly stays in bank card payment. However, since China has not yet built a credit card era, it has ushered in a more convenient mobile payment. This unique factor makes the cashless society experience rapid development in China. At present, offline scanning code payment service is the main force to promote the development of cashless society at this stage, and biometric payment will become the main driving force to promote the development of cashless society in the future. With the continuous introduction of intelligent POS machines, the commercial POS machine industry in China will usher in a new round of growth. By 2027, the number of POS networks in China is expected to be close to 69 million.
For more research and analysis on this industry, please refer to the Analysis Report on Market Prospect Forecast and Investment Strategic Planning of China POS Terminal Industry by Forward-looking Industry Research Institute.