Contactless Payment Transaction Market 2025 Industry Growth by Challenges, Opportunities and Risk Factor

7 January 2019 – Global Contactless Payment Transaction Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types, and its applications are increasing across the globe. Contactless Payment Transaction is becoming a significant part of the payments procedure in several industries. Customers along with businesses are quickly accepting numerous ways that are extremely convenient and safe for the payment of their purchase via contactless procedures comprising contactless card (RFID/NFC), dedicated contactless mobile payment apps, and contactless wearable devices, by making use of the NFC or RFID skills.

Contactless Payment Transaction Market is categorized based on the mode of payment, end users, and geography. Contactless Payment Transaction Industry is categorized based on the mode of payment such as Contactless Mobile Payment, Contactless Card (NFC/RFID), Wearable Devices. This market is categorized based on end users into Transport, Healthcare, Hospitality, Media & Entertainment, Retail, Others.

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Contactless Payment Transaction Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).

Asia-Pacific has been at the forefront with regards to Contactless Payment Transaction Market and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Contactless Payment Transaction Market include Heartland Payment Systems, Wire card AG acquired My Gate Communication, Gemalto, Visa Inc., Verifone, Ingenico Group SA, Oberthur Technologies (OT) Morpho, Thales Group, Giesecke & Devrient GmbH, On Track Innovations Ltd., and Wire card AG. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Market Segment:

Key Applications

•         Transport

•         Media & Entertainment

•         Healthcare

•         Other

Key Regions

·         North America

·         Europe

·         Asia Pacific

·         Middle East and Africa

·         South America