Contactless Payments Market to Register Growth of ~21.02%, See Why

Advance Market Analytics published a new research publication on "Contactless Payments Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Contactless Payments market was mainly driven by the increasing R&D spending across the world.

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Some of the key players profiled in the study are: Ingenico Group (France), Verifone Systems, Inc. (United States) , Inside Secure (France) , On Track Innovations (Israel), Oberthur Technologies SA (France) , Location Sciences Group PLC (United Kingdom), Wirecard AG (Germany), Giesecke & Devrient GmbH (Germany), Gemalto N.V. (Netherlands) , Heartland Payment Systems, Inc. (United States).

Scope of the Report of Contactless Payments
Contactless payment is a secure method for consumers to purchase products or services via debit, credit or smartcards, by using RFID technology or near-field communication (NFC). To make a contactless payment, a person simply needs to tap their card near a point-of-sale terminal. Contactless payments are carried out in close physical proximity preventing unauthorized access during the transactions. As contactless payments do not require a signature or a PIN, transactions sizes on cards are limited. The allowable amount for a contactless transaction varies by country and bank. Examples of non-credit or debit card contactless payments include transit cards, Apple Pay, Android Pay, and Google Wallet, among others. According to AMA, the Global Contactless Payments market is expected to see growth rate of 21.02%.

The titled segments and sub-section of the market are illuminated below:
by Application (BFSI, Retail, IT & Telecom, Transportation, Hospitality, Government, Others), Devices Type (Mobile Handsets, Point of Sale Terminals, NFC Chips, Smart Cards, Others)

Opportunities:
Technology Integration Opportunities
Emergence of Mobile Phone-Based NFC (Near-Field Communication) Payments

Market Trends:
Mobile Phone-Based Payments Has Emerged As a Popular Payment Choice among Young and Affluent Consumers

Market Drivers:
Increased Disposable Income of Individuals
Reduced Transaction Time Due to Contactless Payments
Increased Internet Infrastructure across the Globe
Convenience in Processing Low-Value Payments

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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Strategic Points Covered in Table of Content of Global Contactless Payments Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Contactless Payments market
Chapter 2: Exclusive Summary - the basic information of the Contactless Payments Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Contactless Payments
Chapter 4: Presenting the Contactless Payments Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Contactless Payments market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Contactless Payments Market is a valuable source of guidance for individuals and companies.

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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