Contactless Payment Terminals Market Report by The Business Research Company Covers Market Drivers, Restraints, Key Players and Impact of COVID-19
LONDON, GREATER LONDON, United Kingdom, July 27, 2022 /EINPresswire.com/ — According to the “Contactless Payment Terminals Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026” published by The Business Research Company, the The payment terminal market size is expected to reach USD 43.42 billion in 2026 with a CAGR of 21.8%. The growing popularity of contactless payments has been a major driver for the growth of the contactless payment terminal market.
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The contactless payment terminal market includes the sale of contactless payment products and services by entities (organizations, partnerships, and sole proprietors) that facilitate a secure method of payment using a debit or credit card, smart card or other payment device using RFID technology and near field communication. Contactless payment terminals are devices that facilitate the contactless electronic transfer of funds. To use the system, a customer waves their payment card near a terminal equipped with the technology.
Global Contactless Payment Terminal Market Trends
Technological advancements shape the market. According to the contactless payment terminals market analysis, companies in the market are focusing on developing better and efficient payment platforms while increasing the penetration and reach of contactless payments. For example, in 2022, India-based fintech company, Infibeam Avenues Limited (IAL) announced a hardware-less contactless mobile POS, facilitating card payment transactions for small sellers using touchscreen technology. ‘SoftPoS’ technology can turn smartphones into payment terminals without additional hardware. The technology is expected to reduce costs for small and medium retailers and sellers.
Segments of the global contactless payment terminals market
The global contactless payment terminals market is segmented:
By device type: Smartphones and wearables, smart cards, point-of-sale (POS) terminals
By Outlook Solution: Payment Terminal Solution, Transaction Management, Security and Fraud Management, Hosted Point of Sale, Analytics
By payment method: account-based, credit/debit card, stored value, chip card, others
By Application: Food & Grocery, Pharmacy & Pharmacy, Restaurants & Bars, Consumer Electronics, Media & Entertainment, Others
By Geography: The global Contactless Payment Terminals market report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Among these regions, Western Europe represents the largest share.
Learn more about Global Contactless Payment Terminals Market Report here
The Global Contactless Payment Terminals Market Report 2022 is part of a series of new reports by The Business Research Company that provides contactless payment terminals market overviews, size analysis and forecasts. the market growth for the Contactless Payment Terminals market, the global Contactless Payment Terminals market share, the Contactless Payment Terminals market segments and geographies, Contactless Payment Terminals market players, revenue, profiles and market shares of the main competitors in the global contactless payment terminals market. The Global Contactless Payment Terminals Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s Global Contactless Payment Terminals Market Report 2022 includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: MasterCard Inc., Visa Inc., Giesecke And Devrient GmbH, Google Inc., Apple Inc., Samsung Electronics Co. Ltd., PayPal Holdings Inc., Amazon Inc., Heartland Payment Systems, Verifone Systems Inc. , Ingenico Group SA, Oberthur Technologies Morpho, Thales Group, Wirecard AG and OTI Global
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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