Global Proximity Mobile Payment Market

Global Proximity Mobile Payment Market- By Products (Barcodes, Near Field Communication), By Applications (Hospitality and Tourism, IT and Telecommunications, Aviation, Retail, Media and Entertainment, BFSI, Healthcare), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.

Frequently Asked Questions (FAQ):

Mobile proximity payments are mobile payments where communication between the payer and recipient devices occurs by proximity technology with both existing at the exact location.

The global Proximity Mobile Payment market is projected to reach USD 700.4 Billion by 2027.

By region, the Global Proximity Mobile Payment Market segmented to North America, Europe, Asia Pacific, South America, and Middle East & Africa.

North America region has the highest expansion rate in the Global Proximity Mobile Payment Market due to smartphones and the emerging use of proximity mobile payment use in the area.

The Global Proximity Mobile Payment market is to grow at a compound annual growth rate of 46.3% for the forecast period of 2021 to 2027.

Increased use of smartphones, rising short-range wireless communication technology, higher security, and simple operation are driving the overall growth of the Global Proximity Mobile Payment Market.

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