Over the past three years, the number of payment terminals in the Czech Republic has increased by 11 %. This trend clearly shows that cashless payments are becoming the standard not only in large cities, but also in smaller municipalities and for smaller entrepreneurs.
According to the Czech National Bank, there are currently over 320 thousand terminals, with growth driven mainly by the expansion of card payment acceptance among small merchants, sole traders and the service sector.
What does this mean for entrepreneurs?
- Customers expect the ability to pay by card – even in small establishments. Failure to provide this option may mean losing a customer.
- Technology is more accessible than ever before – thanks to mobile and software POS solutions, you can accept payments without purchasing expensive hardware.
- Competitive advantage – fast and convenient payment can increase average spend and improve customer experience.
Market trends
- SoftPOS: Mobile phone as a terminal – ideal for mobile sales and seasonal events.
- Integration into POS systems – speeds up operation and reduces errors.
- Digital wallet support (Apple Pay, Google Pay) – more and more customers are using their phone or watch to make payments.
Recommendation
If you still only accept cash, now is a good time to consider introducing cashless payments. Modern terminals are affordable, often without long-term contracts and with low transaction fees. That's why we're here to help you choose the best and most cost-effective solution. Contact us!
