DUBLIN--(BUSINESS WIRE)--The "Global Contactless Payment Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The global contactless Payment market was valued at US$7.391 billion in 2017 and is projected to expand at a CAGR of 26.57% over the forecast period to reach US$30.380 billion by 2023.
Contactless Payment refers to a secure payment method for consumers to purchase products using debit, credit, smartcards or chip cards using radio frequency identification (RFID) or near-field communication (NFC) technology. The transaction sizes of these cards are limited owing to the non-requirement of a signature or a PIN. The amount of transaction varies from bank to bank and also country wise as well. Apple Pay, android pay and google wallet are some of the examples of the non-credit or debit card contactless payments.
The major drivers include reduced transaction time, convenience and security for making low or high-value transactions. On the other hand, high installation costs of the Point-of-Sale (POS) machines for contactless payments as compared to the normal POS machines is expected to hamper the market growth.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region.
- American Express Company
- PayPal, Inc.
- Wirecard AG
- Gemalto NV
- Heartland Payment Systems
- Ingenico Group
- Inside Secure
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Contactless Payment Market By Payment Mode
6. Global Contactless Payment Market By Industry
7. Global Contactless Payment Market By Geography
8. Competitive Intelligence
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/qwhtps/global?w=4