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iTWire - Contactless payment transactions peak at $14.5 trillion by 2027: analyst

Contactless payment transactions worth US$4.6 trillion ($6.6 trillion) in 2022 will jump US$10 trillion ($14.5 trillion) globally by 2027 as investmen. ....

Juniper Research , Contactless Payment Transaction , Nfc Solutions ,

Contactless Payment Transaction Market 2021-28 trending at $555 Bn with Barclays, Apple, Google, Gemalto NV, Heartland Payment Systems, Giesecke & Devrient GmbH, Ingenico Group, On Track Innovations, Inside Secure, Samsung, Paytm – KSU


rcFebruary 5, 2021
Contactless Payment Transaction Market
Contactless Payment Transaction Market is projected to reach a revised rate of $555.4 Billion, growing at a CAGR of +49% over the analysis period 2021-28.
Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices. Contactless payment allows consumers to pay for goods and services using their debit or credit cards with RFID technology also known as chip cards or other payment devices without the need to swipe, enter a personal identification number (PIN), and/or sign for a transaction.
Android Pay is Google’s mobile wallet technology and one of the more popular NFC mobile payment apps. It is available on all NFC-enabled devices that run Android version 4.4 or later. ....

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Global Contactless Payment Transaction Industry - Press Release


Estimates and Forecasts in US$ Million by Region/Country:
2020-2027
across Key Geographies Worldwide: 2020 VS 2027
Table 3: Contactless Card (NFC/RFID) (Segment) World Market by
Region/Country in US$ Million: 2020 to 2027
Table 4: Contactless Card (NFC/RFID) (Segment) Market Share
Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
Table 5: Wearable Devices (Segment) Potential Growth Markets
Worldwide in US$ Million: 2020 to 2027
Table 6: Wearable Devices (Segment) Market Sales Breakdown by
Region/Country in Percentage: 2020 VS 2027
Table 7: Contactless Mobile Payment (Segment) Geographic Market
Spread Worldwide in US$ Million: 2020 to 2027
Table 8: Contactless Mobile Payment (Segment) Market Share
Distribution in Percentage by Region/Country: 2020 VS 2027
Table 9: Retail (End-Use) Demand Potential Worldwide in US$ ....

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