{"id":492768,"date":"2020-06-29T12:42:01","date_gmt":"2020-06-29T12:42:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=492768"},"modified":"2020-06-29T12:42:01","modified_gmt":"2020-06-29T12:42:01","slug":"global-contactless-payment-market-20202025","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/global-contactless-payment-market-20202025_492768.html","title":{"rendered":"Global Contactless Payment Market 2020-2025"},"content":{"rendered":"<div style=\"float:right;  width:250px; padding:8px 10px 10px 10px;\"><a href=\"https:\/\/www.abnewswire.com\/uploads\/1593431684.png\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"Global Contactless Payment Market 2020-2025\" src=\"https:\/\/www.abnewswire.com\/uploads\/1593431684.png\" alt=\"Global Contactless Payment Market 2020-2025\" width=\"225\" height=\"225\" \/><\/a><\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">The Global Contactless Payment Market is expected to growing at ~28% CAGR in 2020-2025. Infection scare from Bank notes due to COVID-19 is a major growth driver. Reduction of transaction time from ~30-40 seconds in a Chip based card to less than 20 seconds for contactless payment in also driving volumes<\/div>\n<p style=\"text-align: justify;\">Key contents of the Global Contactless Payment Market report include<\/p>\n<ul style=\"text-align: justify;\">\n<li>Market size &amp; Forecast segmented by region, mode of payment<\/li>\n<li>Technology trends in Contactless Payment market, average B-2-B margin by region<\/li>\n<li>COVID-19 impact on Contactless Payment market<\/li>\n<li>Competitive landscape, market share and growth strategy of leading vendors<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>KEY FINDINGS<\/strong><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<ol style=\"text-align: justify;\">\n<li>Post COVID-19 there has been an increase of ~24% Y-o-Y in the number of online transactions worldwide. In US there has been an increase of 70% in online transactions.<\/li>\n<li>WHO has also recommended using contactless payment modes for reduced infection spread which has so far acted as an important growth driver worldwide<\/li>\n<li>US has been lagging behind in contactless payment adoption and till April 2020, only 4% card supported contactless payment<\/li>\n<li>EU has been comparatively quick to adopt contactless payment as more than 70% Mastercard already supported contactless payment<\/li>\n<li>Contactless payment in Middle East and North Africa region grew by 200% in first 4 months of 2020<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Download sample-&nbsp;&nbsp;<\/strong> <a rel=\"nofollow\" href=\"https:\/\/bit.ly\/contpaymnt\">https:\/\/bit.ly\/contpaymnt<\/a><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>GLOBAL CONTACTLESS PAYMENT MARKET TRENDS<\/strong><\/p>\n<ol style=\"text-align: justify;\">\n<li>As consumer behaviour keep changing due to even greater pace because of COVID-19, there will be massive shift to on-demand delivery and thus contactless payment will become even more imperative to the retail ecosystem.<\/li>\n<li>Turkey saw 31 Million contactless payments in first 2 weeks of March 2020 +23 M-O-M. Payments using smartphones has also gone up by 2-2.5X Y-O-Y<\/li>\n<li>Mastercard has increased the contactless daily spending limit in Canada to $250 and in in Australia from AU$ 100 to AU$ 200<\/li>\n<li>In India, Associated Chambers of Commerce (Assocham) has urged Reserve Bank of India (RBI) to increase the contactless payment limit to Rs.5, 000 per day .<\/li>\n<li>All new wristband models from Fitbit will feature contactless payment as standard option<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Download sample-&nbsp; &nbsp;<\/strong> <a rel=\"nofollow\" href=\"https:\/\/bit.ly\/contpaymnt\">https:\/\/bit.ly\/contpaymnt<\/a><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>COMPANY PROFILES<\/strong><\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<ol style=\"text-align: justify;\">\n<li>Gemalto<\/li>\n<li>Wirecard<\/li>\n<li>Infineon<\/li>\n<li>MYPINPAD<\/li>\n<li>CPI Card Group<\/li>\n<li>On Track Innovations<\/li>\n<li>Setomatic Systems<\/li>\n<li>Verifone<\/li>\n<li>IDEMIA<\/li>\n<li>Visa<\/li>\n<li>American Express<\/li>\n<li>Mastercard<\/li>\n<li>Paypal<\/li>\n<li>Samsung Pay<\/li>\n<li>Google Pay<\/li>\n<li>Apple Pay<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>THIS REPORT WILL ANSWER FOLLOWING QUESTIONS<\/strong><\/p>\n<ol style=\"text-align: justify;\">\n<li>Contactless Payment Market size and Forecast (Users and $Million), by region, by application<\/li>\n<li>Average commission rates for Contactless Payment Market, by region, per user<\/li>\n<li>Technology trends and related opportunity for new Contactless Payment tech suppliers<\/li>\n<li>Market share of leading vendors, by region,<\/li>\n<li>Coronavirus impact on Contactless Payment market earnings<\/li>\n<\/ol>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/mobilityforesights.com_52455.html\" rel=\"nofollow\">Mobility Foresights<\/a><br \/><strong>Contact Person:<\/strong> Kunal Roy<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=global-contactless-payment-market-20202025\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> +1-315-675-4056<br \/><strong>Address:<\/strong>P3 &#038; P4, HAL 3rd Stage  204,56\/2<br \/><strong>City:<\/strong> Bangalore<br \/><strong>State:<\/strong> Karnataka<br \/><strong>Country:<\/strong> India<br \/><strong>Website:<\/strong> <a href=\"https:\/\/mobilityforesights.com\/\" target=\"_blank\" rel=\"nofollow\">https:\/\/mobilityforesights.com\/<\/a><\/p>\n<p><object type=\"text\/html\" data=\"https:\/\/mobilityforesights.com\/\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=global-contactless-payment-market-20202025\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Global Contactless Payment Market is expected to growing at ~28% CAGR in 2020-2025. Infection scare from Bank notes due to COVID-19 is a major growth driver. Reduction of transaction time from ~30-40 seconds in a Chip based card to &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/global-contactless-payment-market-20202025_492768.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,425,426,422,411],"tags":[],"class_list":["post-492768","post","type-post","status-publish","format-standard","hentry","category-Business","category-Finance","category-Financial-Market","category-Retail","category-Technology"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/492768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=492768"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/492768\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=492768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=492768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=492768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}