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European Contactless Payment Market: Industry Trends, Size, Competitive Analysis and Forecast - 2019-2025

02-11-2020 09:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

European Contactless Payment Market is anticipated to grow at a CAGR 14.7% during the forecast period. European countries are considered to befertile grounds for contactless payments. Countries are providing a positive environment for various contactless platforms such as Apple Pay, Barclays Contactless Mobile, and others. For instance, as per UK Finance, a total of 38% of instore card payments are accounted as contactless payments in UK. Moreover, major economies of Europe such as Germany, France, Spain, and few others are moving rapidly towards digital payments which as a result are augmenting the integration of NFC-based payments in the region.

To learn more about European Contactless Payment Market report request a free sample copy @ https://www.omrglobal.com/request-sample/european-contactless-payment-market

With the active participation of the governments, the region has reported significant growth in digital payment investments. Moreover, the fintech collaborations provide the financial as well as technical support in the development of contactless payments. Germany, UK, France, and other European countries have reported substantial investment in the fintech sector. Estonia is another such country where the government is actively participating to support the adoption of digital payments. Estonia has advanced in the digital payments as more than 95% of the tax returns are filed digitally. The major factor behind the adoption of digital payment is the availability of modern infrastructure due to the active participation of government agencies in the development of digital platforms.

A full report of European Contactless Payment Market is available at https://www.omrglobal.com/industry-reports/european-contactless-payment-market

European Contactless Payment Market-Segmentation

By Device

o Smartphones
o Smart Cards
o Point of Sale Terminals
o Other

By End-User

o Retail
o BFSI
o Transportation
o Others

Regional Analysis

o European
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe

Company Profiles

o Gemalto NV
o GIESECKE+DEVRIENT GMBH
o IBM Corp.
o INFINEON TECHNOLOGIES AG
o Ingenico Group SA
o Prepay solutions
o Thales Group
o VERIFONE SYSTEMS, INC
o VISA, INC
o Wirecard AG

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/european-contactless-payment-market

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. AnuragTiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404

About us:

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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