Press release
Contactless Payment Market Is Expecting Revolutionary Growth in Global Industry
Contactless Payment
Based on various modes of payment, the Contactless Payment Market is divided into smartphones and wireless payment terminals. Various solutions included in the report are POS machines, software and services. Various industries included in the report are BFSI, retail, healthcare, hospitality & tourism, government, telecom & IT and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Market Dynamics:
Drivers:
• Increasing trends of QR codes, ID codes, internet shopping and mobile banking services are driving the growth of contactless payment solutions.
• Reduction in queuing and transaction time and increased convenience in making low value payments.
Restraints:
• High initial cost of deploying Epos terminals.
Market Players:
The top players in the global contact payment market STMicroelectronics, INSIDE Secure, Infineon Technologies, Gemalto N.V., Giesecke & Devrient GmbH, Oberthur Technologies, On Track Innovations LTD., Diebold Inc., HID Global, Verifone Systems Inc. and STS Payments.
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MARKET LANDSCAPE
By Payment Modes
• Smartphones
• Wireless Payment Terminals
By Solution
• POS Machines
• Software
• Services
By Industry
• BFSI
• Retail
• Healthcare
• Hospitality & Tourism
• Government
• Telecom & IT
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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