Global Contactless Payment Market

Global Contactless Payment Market by Component (Hardware (POS and Cards), Solutions, and Services (Consulting, Integration and Deployment, and Support and Maintenance)), By Technology (Radio Frequency Identification, Near Field Communication, and Host Card Emulation), By Solution (Payment Terminal Solution, Transaction Management, Fraud Management, Hosted POS), By Payment Mode (Smartphones, Smartcards and Others), By End-User Industry (Retail, BFSI, Healthcare, Energy And Utilities, Transportation And Logistics, Hospitality and Others),and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)- Global Forecast to 2027

Frequently Asked Questions (FAQ):

Contactless payment allows consumers made payments for goods and services using their debit or credit cards with RFID technology or chip cards or other payment devices without the need to swipe, entering the PIN, and sign for a transaction.

The global contactless payment market size is valued at USD 10.12 billion in 2020 and is estimated to reach USD 21.76 Billion by 2027.

Contactless payments are secured and enabled with fraud protection on contactless payments as normal Chip and PIN transactions.

Europe will have the lion’s share in the Contactless Payment market by 2027 due to the growing use of contactless payment among retailers, restaurants, bars, pubs, service stations, and supermarkets

The contactless payment market registering a CAGR of 10.61% during the forecast period, 2021-2027.


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