Contactless Payment Market - Forecast (2021 - 2026)

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Contactless Payment MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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• Contactless Payment Market size is expected to
  reach 19.1 billion by 2025 at a CAGR of
  12.1 during the forecast period 2020-2025. With
  the increasing integration of contactless payment
  technologies in mobile handsets and smartphones,
  the demand for contactless payment solutions has
  grown tremendously across all the countries.
• In addition rising awareness of plastic money and
  smart cards among the buyers, increasing
  frequency of purchases and the need for fast
  transaction time without any inconvenience of
  standing in long queues is also accelerating the
  market in the forecast period.
• Moreover an advantage offered by contactless
  payments for customers that can instantly
  complete transactions with the tap of a card and
  the increase in speed of transactions are making
  contactless payments even more efficient in the
  forecast period 2020-2025.

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• Key Takeaways
• Contactless payment in retail sector allows
  issuers to penetrate the cash payment market,
  enjoy increased transaction volume, improve
  customer retention and loyalty.
• Outbreak of corona virus has made Contactless
  payments a more preferred method of payment as it
  require less physical interaction.
• Europe dominated the market by a market share of
  more than 32 in 2019, owing to the high
  penetration of smartphones and advancements in
  smart chip technology and integration of mobile
  app with banks.

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By Distribution Channel- Segment Analysis Mobile
Devices is growing at a highest CAGR of 15.2 in
the forecast period. Owing to the growing usage
of smartphones all over the globe. In addition
personalized experiences, rising penetration of
internet, higher speed of contactless
transactions will propel the market growth. In
2019, MasterCard has announced to launch solution
for smartphones to become contactless acceptance
devices. Similarly, in 2019, State bank of India
(SBI) has launched a contactless mobile payment
facility. Hence these advantages are analysed to
drive the market for Mobile devices in the
forecast period 2020-2025.
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• Contactless Payment Market Industry Outlook 
• Google
• Amazon
• Apple Inc.
• Gemalto N.V
• Giesecke Devrient  Gmbh
• Ingenico Group
• Verifone Systems
• Wirecard AG
• Heartland Payment Systems,Inc.
• Inside Secure

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Contactless Payment Market Forecast (2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Report/16196/contactl
ess-payment-market.html
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
  /purchasereport.php?id16196

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Reddy Contact (1) 970-236-3677 Email
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