Global Contactless Payment Market Size, Share, Forecast 2020-2025

1. Orion Market Research Global Contactless Payment Market, Size, Share, Analysis Report & Forecast to 2025 Market: Request https://www.omrglobal.com/request-sample/covid-19-impact-on-contactless-payment- market a Free Sample of our Report on Contactless Payment Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404

2. The principle of working of contactless payments is the RFID (Radio Frequency Identification) or NFC technology. The technology helps the transfer of money with the help of RFID enabled devices. The adoption rate of contactless payment services is considered in order to make the financial transaction easy and fast. The emergence of contactless payment services has taken place substantially over the last decades. Contactless payment is on the high demand in the sectors which are dealing with a huge number of financial transactions such as BFSI (Banking, Financial Services, and Insurance), supermarkets, shopping centers, transportation, and various other sectors. Some of the growth factors in the global contactless payment market include private and public investments, a growing number of fintech organizations, increasing cases of cyber thefts, and others. Moreover, the COVID-19 pandemic raises the demand for cashless and online. As per the WHO, the virus could stay on cash for days after exposure, so the organization advised the people to use contactless payment whenever possible. Get Free Sample Copy @ https://www.omrglobal.com/request-sample/covid-19-impact-on- contactless-payment-market The global contactless payment industry report is segmented based end-user including Retail, BFSI, Transportation, and others. The outbreak of COVID-19 had an impact on these segments due to the demand for retail stores across the globe. Moreover, the contactless payment in supermarkets and shopping malls ware on the high demand however, the COVID-19 outbreak can push the people to contactless payment. For instance, in India consumers now experiences a quicker way to pay at entertainment venues, dining, and supermarkets including a Big Bazaar, PVR and Reliance retail among others. Additionally, over 3.3 million merchants are accepting cashless payments through various payment options in India that can further push for increased use of cashless transactions in these stores. Furthermore, according to UK finance, around 77% of all UK retail spending was made by cards. This has been driven by the extensive acceptance of contactless payment and other forms of digital payments; therefore, this could be affected by the COVID-19 outbreak. A Full Report of Global Contactless Payment Market is Available at: https://www.omrglobal.com/industry-reports/covid-19-impact-on-contactless-payment- market The contactless payment industry in various regions such as North America, Europe, Asia-Pacific and the Rest of the world are impacted by the novel COVID-19 pandemic. The countries in which most of the cases recorded include Italy, Spain, France, and Germany in Europe and China in Asia-Pacific. The banks in China issued a prerequisite that all Chinese banks begin sanitizing banknotes with an ultraviolet light or high heat and then storing the bills in a sanitized location. For the encouragement of contactless payment, Ireland ‘s AIB Bank suspends to take charges on contactless payment, thus further help prevent the virus from spreading further. Industry Overview

3. •Historical market growth estimation in Contactless payment industry excluding COVID-19 pandemic effect •Deviations in the Contactless payment industry growth rate due to COVID-19 pandemic Verticals Affected Most •Retail •BFSI •Transportation •Others Company Profiles •Giesecke & Devrient GmbH •Gemalto NV •Visa, Inc. •Wirecard AG •Verifone Inc. •Garmin Ltd. •PayPal Holdings Inc •Prepay Technologies Ltd. •Bank of America Corp. •Square Inc. Impact of COVID-19 on major economies North America •United States •Canada Europe •Germany •United Kingdom

4. •France •Spain •Italy •Rest of Europe Asia-Pacific •China •Japan •India •Rest of Asia-Pacific Rest of the World •Latin America •Middle East and Africa For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/covid-19-impact-on-contactless- payment-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404