Contactless payment systems are credit cards and debit cards, key fobs, smart cards or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near field communication (NFC, e.g. Samsung Pay, Apple Pay, Android Pay or any bank mobile application that support Contactless) for making secure payments. The embedded chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the point of sale terminal. Contactless payments are made in close physical proximity, unlike mobile payments which use broad-area cellular or WiFi networks and do not involve close physical proximity.
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How the global Contactless Payment Transaction market will exhibit a significant growth over the coming years and dominate the market globally is given in detail. how the market has witnessed considerable growth over the last couple of years owing to the rise in consumer demand the globe is included in the report.
The primary reason behind the growth of the market and the factors that are fueling the market worldwide are mentioned in this market report precisely. The report is discussed in a clear way for the readers and customers to understand in a better manner.
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This report studies the global Contactless Payment Transaction market, analyzes and researches the Contactless Payment Transaction development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Giesecke & Devrient GmbH
Heartland Payment Systems, Inc.
On Track Innovations LTD
Samsung Electronics Ltd.
Verifone Systems, Inc.
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