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Global Contactless Payment Terminal Solution Market Expand Their Businesses with New Investments in 2023

Global Contactless Payment Terminal Solution Market Expand Their Businesses with New Investments in 2023

According to a recent report published by Allied Market Research, titled, Contactless Payments Market by Device Type and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global contactless payments market was valued at $6,734 million in 2016, and is projected to reach at $25,565 million by 2023, growing at a CAGR of 21.2% from 2017 to 2023. In 2016, the mobile devices segment accounted for the highest revenue share in the contactless payments market.

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Contactless Payments Market Global Opportunity Analysis and Industry Forecast, 2017-2023

Contactless Payments Market Global Opportunity Analysis and Industry Forecast, 2017-2023

Contactless Payments Market Overview: The mobile payment industry has evolved over the past decade with advanced technologies and innovative developments by the key players for providing ease of payment using devices such as mobile handsets, point of sale terminals, NFC chips, smart cards, and others. Contactless payment systems comprise smart cards or other devices that integrate RFID or NFC technologies for making secure and contactless payment. Unlike mobile payments that are done through the internet, contactless payments are carried out in close physical proximity preventing unauthorized access during the transaction(s).

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Contactless Payments Market Expected to Reach $25,565 Million, Globally, by 2023

Contactless Payments Market Expected to Reach $25,565 Million, Globally, by 2023

According to a recent report published by Allied Market Research, titled, Contactless Payments Market by Device Type and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global contactless payments market was valued at $6,734 million in 2016, and is projected to reach at $25,565 million by 2023, growing at a CAGR of 21.2% from 2017 to 2023. In 2016, the mobile devices segment accounted for the highest revenue share in the contactless payments market.

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70 views • 5 slides

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