Smart payment
Wireless, connected payment devices are now the default choice for consumers and businesses alike. Having surged in popularity during the coronavirus pandemic, modern digital payment methods are pushing cash into obscurity. Global preference for cash payments now hovers around 10% or less. These devices are faster and more convenient, and today’s models offer advanced features like real-time payments and CRM integration.
$181bn
Point-of-sale terminal market in 2030
$5,520M
Intelligent vending machines market in 2030
10%
Global preference for cash
Across the world, contactless payments have shifted from being an option to being the norm. Tap-to-pay POS terminals are now ubiquitous. Consumers expect fast, secure, and convenient digital payments without fail. The global point-of-sale terminal market was estimated at $113.38 billion in 2024. It is projected to reach $181.47 billion by 2030, growing at a CAGR of 8.1% from 2025 to 2030.
Wireless, connected payment devices are now the standard in much of the world. In 2025, global preference for cash is as little as 10%.
As new technologies emerge, consumers benefit from greater speed, more payment options, and enhanced security. Innovations also enable digital payments in new locations and introduce features like real-time transfers. Near Field Communication (NFC) has driven many recent changes, including allowing payments via smartphones, smartcards, and wearables like watches.
Cellular point-of-sale (POS) devices have grown in popularity in recent years. The installed base of cellular POS terminals is forecast to grow at a CAGR of 8.2% between 2023 and 2027 to become 188.9 million. These connected payment devices typically rely on 4G/LTE, while newer technologies such as 5G and 5G RedCap aim to improve speed and power efficiency.
Meanwhile, smart vending machines have evolved well beyond simple transactions. Today’s machines can monitor stock levels, analyze sales trends, apply dynamic pricing, and even offer personalized promotions. The global intelligent vending machines market was valued at $20,512.5 million in 2022 and is expected to reach $55,520.4 million by 2030, growing at a CAGR of 14.0% from 2023 to 2030.
Connected payment devices require the utmost data security, while being small in size and ultra-reliable – our modules provide:
Socket Secure Layer to meet strict security and privacy requirements in data transmission
Built-in Android OS to enable ultra-compact designs
MIMO technology, which greatly reduces errors and boosts data speeds
Acceptance of almost all mainstream payment types, including Near Field Communication, QR code, and biometrics
Businesses are using connected payment devices to gain insights, increase revenue, and streamline operations. Integrated with CRM and analytics platforms, these systems offer real-time visibility into customer behavior and spending. They also support targeted marketing, loyalty programs, and automated revenue tracking. Retailers and hospitality providers are leading the charge. POS systems are enabling everything from faster checkouts to personalized offers based on transaction history.
With consumer demand at an all-time high and digital transformation top of mind for enterprises, now is the time to invest in future-ready payment technology.
Our robust portfolio of 4G, LPWA, and smart wireless modules provides the secure, scalable backbone for modern connected payment devices. Whether you’re enabling biometric login, embedding a camera or touchscreen, or deploying mobile POS in the field — our technology is ready to support your next step in the cash-free economy.
