Sweden POS Terminals Industry Overview
The POS terminal market in Sweden is moderately fragmented, and service providers face fierce competition. The businesses provide integrated solutions that operate across various platforms and multiple form factors. The different POS terminal models enable brands to differentiate themselves from one another through research and development. Further, to support complete solutions and integrated functioning, businesses collaborate with their clients. Additionally, the service providers strategically invest in alliances and acquisitions.
- February 2022: The second phase of testing for the e-krona, which is being explored by Riksbank, the central bank of Sweden, focuses on new areas, such as the integration of existing POS terminals and internal bank systems, offline capabilities, increased performance, and scalability to explore the use of digital currency.
- July 2021: Leading fintech company Westpay AB enters an agreement with Kassaservice I Norr AB to integrate their point-of-sale systems and make Westpay's products available to its clients. It enlarges its presence and footprint in the Swedish market.
Sweden POS Terminals Market Leaders
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Verifone Sweden AB
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Worldline Group S.A
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Paypal Inc
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PayEx Group
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Nayax Ltd
- *Disclaimer: Major Players sorted in no particular order
