Financial Services & Insurance Research News

New report: Global contactless payment market is expected to grow at a CAGR of over 18% from 2017 to 2025.

Financial Services Market Research

Various industries included in the report are BFSI, retail, healthcare, hospitality & tourism, government, telecom & IT and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

- Advertising -

Contactless payment market refers to purchase of goods/products and services through debit, credit and smart cards including smartphones and other mobile devices that use radio frequency identification technology (RFID), near field communication (NFC) and Samsung pay (MST). Additionally, contactless payments are perceived to be faster than cash transaction thereby, reducing the queuing time.

Global contactless payment market is expected to grow at a CAGR of over 18% from 2017 to 2025.

Based on various modes of payment, the market is divided into smartphones and wireless payment terminals.

- Advertising -

Various solutions included in the report are POS machines, software and services.

Request for Report [email protected]

Market Dynamics:


Increasing trends of QR codes, ID codes, internet shopping and mobile banking services are driving the growth of contactless payment solutions.

Reduction in queuing and transaction time and increased convenience in making low value payments.


High initial cost of deploying Epos terminals.

Market Players:

The top players in the global contact payment market STMicroelectronics, INSIDE Secure, Infineon Technologies, Gemalto N.V., Giesecke & Devrient GmbH, Oberthur Technologies, On Track Innovations LTD., Diebold Inc., HID Global, Verifone Systems Inc. and STS Payments.

For Report [email protected]


By Payment Modes

o Smartphones

o Wireless Payment Terminals

By Solution

o POS Machines

o Software

o Services

By Industry


o Retail

o Healthcare

o Hospitality & Tourism

o Government

o Telecom & IT

o Others

By Geography

  • North America

o   U.S.

o   Canada

o   Mexico

  • Europe

o   UK

o   Germany

o   France

o   Rest of Europe

  • Asia-Pacific

o   China

o   Japan

o   India

o   Rest of Asia-Pacific


o   Latin America

o   Middle East

o   Africa

News From

Big Market Research - Market Research ReportsBig Market Research
Category: Market Research Publishers and RetailersCompany about: With the arsenal of different search reports, we help you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency. With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market ...