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Note: the number of mobile electronic devices used to process payments or transactions at a physical location; includes countertop, multilane, self-checkout, tablet, and hand-held terminals with integrated chip and/or magnetic-stripe card readers; includes approved chip, signature, and pin devices, contactless card readers (NFC, etc.), gas station terminals, vending machines, and kiosks

Additional Note: It excludes devices that allow users to make purchases remotely, such as speakers and game consoles, as well as software POS (softPOS) solutions, which turn merchants’ smartphones and tablets into payment devices, without the need for attachments.

Methodology: Estimates are based on the analysis of data from POS terminal manufacturers, estimates from other research firms, historical trends, GDP trends, technology expense trends, and macro-level economic conditions.

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