Contactless Payment Market - Forecast(2022 - 2027)

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Contactless Payment MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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• Contactless Payment Market size is expected to
  reach 20.9 billion by 2026 at a CAGR of
  14.2 during the forecast period 2021-2026. 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. 

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• Key Takeaways
• Contactless payment in retail sector allows
  issuers to penetrate the cash payment market,
  with increased transaction volume, improve
  customer retention and loyalty.
• Outbreak of corona virus has made Contactless
  payments a more preferred method of payment as it
  requires less physical interaction.
• North America dominated the market by a market
  share of more than 35 in 2020, owing to the high
  penetration of smartphones and advancements in
  smart chip technology and integration of mobile
  app with banks.

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Contactless Payment Market Segment Analysis - By
Device type Mobile Devices are growing at a
highest CAGR of 16.2 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. Moreover several
companies are planning to launch contactless
payment solutions for smartphones. In 2019,
MasterCard has announced to launch solution for
smartphones to become contactless acceptance
devices. 
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• Contactless Payment Market Industry Outlook 
• Google
• Amazon
• Apple Inc
• Gemalto N.V
• Giesecke Devrient Gmbh
• Ingenico Group
• Verifone Systems, Inc
• Wirecard AG
• Heartland Payment Systems, Inc
• Inside Secure 

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Contactless Payment Market - Forecast 2022 -
2027 Learn More About the Report _at_
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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
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