APAC Contactless Payment Market Size, Share, Demand, Growth and Forecast to 2026

The Asia-Pacific Contactless Payment market is growing at a high rate owing to the factors such as increasing penetration of smartphones, burgeoning adoption of contactless payment services, and escalating advancements in smart chip technology. Moreover, rising usage among consumers and merchants, snowballing RFID tagging and proliferating demand for biometric contactless smart cards are the factors anticipated to strongly contribute toward the growth of the market in the forthcoming timeline.

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According to MarkNtel Advisors’ research report “Asia-Pacific Contactless Payment Market Analysis, 2021”, the Asia-Pacific Contactless Payment market is anticipated to grow at a CAGR of 16% during 2021-26.

Based on End-User, Retail grabbed the majority market share in 2019. The subsequent growth in the number of ‘tap-and-go’ transactions, strong growth in the retail sector due to deployment of disruptive technologies, such as cloud computing, digital stores, and social networks, burgeoning adoption of contactless payment.

Key questions answered in the study:

What are the current & future trends in the Asia-Pacific Contactless Payment Market?
How has the industry been evolving in terms of geography & service adoption?
How has the competition been shaping across Asia-Pacific, followed by their comparative factorial indexing?
What are the key growth drivers & challenges for the Asia-Pacific Contactless Payment Market?
What are the customer orientation, purchase behavior, and expectations from the Contactless Payment solution providers across Asia-Pacific?

Explore with Detailed TOC: https://www.marknteladvisors.com/research-library/asia-pacific-contactless-payment-market.html

Prime Features of the Research Report:

The prime objective of this report is to help users understand the Market's definition, shares, segmentation, potential, key trends, and growth challenges. The readers will find this report extremely helpful in thoroughly understanding the market insights. The market data & information taken from reliable sources were checked & validated by the industry experts. Following are other inclusions of the Market research report:

• Covid-19 Impact Analysis on the market growth.
• Regional/Country-Level Landscape
• Figures citing sales volume & revenue.
• Assessment of the major industry trends.
• A citation of the prominent companies in the Market

Competitive Landscape:
According to MarkNtel Advisors’, the key players with a considerable market share in the Asia-Pacific Contactless Payment market include Alipay, Grabpay, Renesas Electronics Corporation, Paytm, Verifone Systems, Inc., Rakuten Pay, INSIDE Secure, Ingenico Group S.A., Gemalto NV, Heartland Payment Systems, IBM Corp., Infineon Technologies AG, Valitor HF, Wirecard AG, Visa Inc. etc.

For More Details: https://www.marknteladvisors.com/press-release/asia-pacific-contactless-payment-market-growth

Market Outlook, Segmentation and Statistics:

By Devices
Smartphones
Smart Cards
Point of Sale Terminals
Other

By Technology
NFC
RFID
IR

By End User
Retail
BFSI
Healthcare
Telecom & IT
Entertainment & Media
Hospitality & Restaurant
Transportation
Others

By Country
India
China
Japan
Australia
South Korea
South East Asia
Singapore
Malaysia

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About Us:

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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