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Contactless Payment Market

Contactless payment is a secure method for consumers to purchase products or services, with the use of devices such as smart cards, wearables, key fobs, smartphones, and others. Primarily, contactless payment uses Radio-frequency Identification (RFID) and Near Field Communication (NFC) technologies in order to facilitate contactless transactions in the contactless payment industry. In addition, the embedded chip & antenna placed in transaction devices enable consumers to wave or tap their smart cards, key fob, or handheld device over a reader at the point of sale (POS) terminal.

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Contactless Payment Market

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  1. Contactless Payment Market Expected to Reach $5,424 Billion by 2027 Growing at a CAGR of 20.6% from 2020 to 2027. DownloadPDFSample

  2. Contactless Payments Market “The smart cards segment is expected to experience significant growth in the coming years, owing to rise in adoption of cloud enabled cards among the end users across the globe” HimanshuJangra-LeadAnalyst SemiconductorandElectronicsatAlliedMarketResearch DownloadPDFSample

  3. Contactless Payments Market Contactless payment systems comprise of several devices such as credit & debit cards, smartphones, smart cards, key fobs, and others. Unlike mobile payments that are done through the internet, contactless payments are carried out in close physical proximity preventing unauthorized access during the transaction According to a recent report published by Allied Market Research, titled, “Contactless Payment Marketby Device Type, and Application: Opportunity Analysis and Industry Forecast, 2020-2027,” The global contactless payment industry size was valued at $1,168 billion in 2019, and is projected to reach $5,424 billion by 2027, growing at a CAGR of 20.6% from 2020 to 2027 DownloadPDFSample

  4. Contactless Payments Market Contactless Payment Market by Device Type (Smartphones & Wearables, Smart Cards and Point-of-sale (POS) Terminals) Application (Food & Groceries, Pharmacy & Drug Stores, Restaurants & Bars, Consumer Electronics, Media & Entertainment and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 DownloadPDFSample

  5. Contactless Payments Market • KeyBenefitsForStakeholders • By device type, the smartphones & wearables segment led the contactless payment market size, in terms of revenue in 2019. • By application, the food & groceries segment led the contactless payment market share, size, in terms of revenue in 2019. • By region, Europe generated the highest revenue in 2019 DownloadPDFSample

  6. Contactless Payments Market MajorCompanies: Gemalto, Giesecke+Devrient, Ingenico, InsideSecure, Oberthur Technologies S.A., On Track Innovations, PAX Technology, Inc., Proxama Plc, Verifone, and Wirecard. DownloadPDFSample

  7. Contactless Payments Market Contact: DavidCorrea 5933 NE Win Sivers Drive #205,Portland, OR 97220 United States TollFree(USA/Canada): +1-800-792-5285,+1-503-894-6022 UK:+44-845-528-1300 HongKong:+852-301-84916 India(Pune):+91-20- 66346060Fax:+1⟨855⟩550- 5975 help@alliedmarketresearch.com Web:https://www.alliedmarketresearch.com DownloadPDFSample

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