Contactless Payments Market to Scale New Heights as Market Players Focus on Innovations 2024-2030

The latest study released on the global 'Contactless Payments' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'Contactless Payments' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

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Some of the key players profiled in the study are:
Ingenico Group (France), Verifone Systems, Inc. (United States) , Inside Secure (France) , On Track Innovations (Israel), Oberthur Technologies SA (France) , Location Sciences Group PLC (United Kingdom), Wirecard AG (Germany), Giesecke & Devrient GmbH (Germany) , Gemalto N.V. (Netherlands) , Heartland Payment Systems, Inc. (United States) ,
The contactless payments market refers to the segment of the financial technology industry focused on facilitating transactions through near-field communication (NFC), radio frequency identification (RFID), or other wireless technologies, allowing consumers to make payments by simply tapping or waving a card, smartphone, or wearable device near a payment terminal. This market has grown rapidly due to the convenience, speed, and security it offers compared to traditional payment methods like cash or chip-based cards. Key players include financial institutions, technology companies, and payment processors, all of which have developed systems that support contactless transactions. The market's expansion is driven by increasing consumer demand for frictionless payment solutions, the rise of digital wallets, and the growing adoption of mobile banking. Factors such as the COVID-19 pandemic, which heightened the preference for touch-free interactions, and advancements in payment technology have further accelerated growth in this sector.

On 27 Feb 2018, Verifone, announced that it will enable its North America payment devices to support all Mastercard EMV transactions, including contact and contactless. Thereby, merchants will be able to provide customers with faster checkout and a wider range of EMV-secure payment options.
On 9 Oct 2018, Inside Secure has announced that Vipps AS, the provider of Norway’s national payment system BankAxept, has chosen Inside Secure to protect its mobile contactless payments.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Contactless Payments Market various segments and emerging territory.

Influencing Market Trend
• Mobile Phone-Based Payments Has Emerged As a Popular Payment Choice among Young and Affluent Consumers
Market Drivers
• Reduced Transaction Time Due to Contactless Payments
• Increased Internet Infrastructure across the Globe
• Convenience in Processing Low-Value Payments
• Increased Disposable Income of Individuals
Opportunities:
• Emergence of Mobile Phone-Based NFC (Near-Field Communication) Payments
• Technology Integration Opportunities
Challenges:
• Lack of Awareness among the Underdeveloped Countries

Analysis by Application (BFSI, Retail, IT & Telecom, Transportation, Hospitality, Government, Others), Devices Type (Mobile Handsets, Point of Sale Terminals, NFC Chips, Smart Cards, Others)

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The regional analysis of Global Contactless Payments Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030.

On 14 May 2019, On Track Innovations Ltd., a global provider of near field communication (NFC) and cashless payment solutions, has received a new purchase order to deliver 3,000 of OTI's Uno-8 advanced secure contactless NFC readers to the global Smart ATM market.
On 25 Feb 2019, Ingenico Group, the global leader in seamless payment, announced that it will demonstrate a Tap on Phone (ToP) proof of concept (PoC) â€" enabling secure NFC payments on consumer-off-the-shelf devices with a dedicated app â€" at the Mobile World Congress (MWC) in Barcelona on 25â€"28 February 2019.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/94999-global-contactless-payments-market?utm_source=OpenPR/utm_medium=Rahul

Highlights of the Report
• The future prospects of the global Contactless Payments market during the forecast period 2024-2030 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Contactless Payments market.

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AMA Research & Media is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
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This release was published on openPR.