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Contactless Payments Market Giants Spending Is Going to Boom with Ingenico Group, Verifone Systems

The up-to-date coverage of the latest report Global Contactless Payments Market provides a detailed synopsis as well as a consistent evaluation of accurate profits over the forecasted timespan. Current trends, industry analysis, and growth development represented in the report are of great help for the new industry players entering the market. This market research report includes an in-depth analysis of global and regional markets with the understanding given for variation in the growth of the industry in particular regions, giving a specific investigation of the market status, venture plans, establishment and usage, value patterns.

Key Players in Contactless Payments Market:

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) ,

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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.

Market Drivers:

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

Market Trends:

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

Market Opportunity:

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

Global Contactless Payments Market Segmented by: by Application (BFSI, Retail, IT & Telecom, Transportation, Hospitality, Government, Others), Devices Type (Mobile Handsets, Point of Sale Terminals, NFC Chips, Smart Cards, Others)

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

  • The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
  • North America (United States, Mexico & Canada)
  • South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
  • Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
  • Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report

  • -To carefully analyze and forecast the size of the Contactless Payments market by value and volume.
  • -To estimate the market shares of major segments of the Contactless Payments
  • -To showcase the development of the Contactless Payments market in different parts of the world.
  • -To analyze and study micro-markets in terms of their contributions to the Contactless Payments market, their prospects, and individual growth trends.
  • -To offer precise and useful details about factors affecting the growth of the Contactless Payments
  • -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Contactless Payments market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Major highlights from Table of Contents:

Contactless Payments Market Study Coverage:

  • It includes major manufacturers, emerging player’s growth story, and major business segments of Contactless Payments market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
  • Contactless Payments Market Overview: It gives a summary of overall studies, Development rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
  • Contactless Payments Market Production by Region Contactless Payments Market Profile of Manufacturers-players are studied concentrated basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in Contactless Payments Market Report:

  • Contactless Payments Overview, Definition and Classification Market drivers and barriers
  • Contactless Payments Market Competition by Manufacturers
  • Impact Analysis of COVID-19 on Contactless Payments Market
  • Contactless Payments Capacity, Production, Revenue (Value) by region (2021-2026)
  • Contactless Payments Supply (Production), Consumption, Export, Import by Region (2021-2026)
  • Contactless Payments Production, Revenue (Value), Price Trend by Type
  • Contactless Payments Market Analysis by Application
  • Contactless Payments Manufacturers Profiles/Analysis Contactless Payments Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
  • Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry Road map and value chain Market Effect Factors Analysis.

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Key questions answered

  • How feasible is Contactless Payments market for long-term investment?
  • What are influencing factors driving the demand for Contactless Payments near future?
  • What is the impact analysis of different factors in the Global Contactless Payments market development?
  • What are the latest trends in the regional & Global market and how successful they are?

Note – In request to give more exact market forecast, all of our reports will be refreshed before conveyance by considering the effect of COVID-19.

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Tags: Contactless Payments market analysis, Contactless Payments Market Trends, Contactless Payments Market Share, United States Contactless Payments Market, Contactless Payments Market Opportunity, Contactless Payments market forecast, Contactless Payments Market Size, Contactless Payments Market Growth

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Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 (206) 317 1218 [email protected]

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Contact Information:

Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
[email protected]