Growth Of Contactless Payment Market Increases Due To Increasing Online Payments
“Contactless Payment Market: Global Demand Analysis & Opportunity Outlook 2024” The global contactless payment market is segmented by mode of payment into smart card and smartphones. In this segment, smart card segment is projected to grow at remarkable pace over the forecast period. Factor such as, security management and reducing data risk is anticipated to significantly robust the growth of global contactless payment over the forecast period. Apart from this, ability to deliver services faster is expected to drive the growth of global contactless payment over the forecast period. Global contactless payment market is expected to register a CAGR of 23.1% over the forecast period. Moreover, the global contactless payment market is expected to expand on the basis of advancement in technology coupled with many high end features such as infrared, near field communication (NFC), Bluetooth and RFID technology. Increasing awareness regarding plastic money among buyers is a key...