Contactless Payments Market 2025 Scope And Analysis

Report Code : TIPTE100000406
Category : Technology, Media and Telecommunications

Status : Published
No. of Pages : 171

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Contactless Payments Market Scope and Analysis by 2031

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Contactless Payments Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 33.27 Billion
Market Size by 2031	US$ 91.80 Billion
Global CAGR (2023 - 2031)	13.5%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Payment Mode Smartphones Smart Cards PoS Terminals By Component Hardware Solutions Services By Industry Vertical Retail Hospitality Healthcare Transportation & Logistics Media & Entertainment
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Infineon Technologies AG Ingenico Giesecke Devrient GmbH IDEMIA CPI Card Group Inc PAX Technology SumUp Payments Pty Limited Visa Thales SA Mastercard

Contactless Payments Market News and Recent Developments

The contactless payments market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the contactless payments market are listed below:

Ingenico, a global leader in payment acceptance and services, has announced a strategic partnership with Cybersource, Visa's agnostic global payment and fraud management platform. The partnership will create a global unified commerce solution for use in Asia Pacific first, followed by other regions.

(Source: Ingenico, Press Release, January 2024)

Mastercard and AF Payments, Inc. (AFPI), the company behind Beep cards, have announced a strategic partnership to enable contactless acceptance of Mastercard cards in the Metro Rail Transit Line 3 (MRT-3 Line) and buses for the first time in the Philippines. In support of the government's goal to accelerate the digitization of payments, and in line with the Bangko Sentral ng Pilipinas' Digital Payments Transformation Roadmap, the 'Mastercard-Beep EMV Contactless Acceptance in Transport Partnership' aims to broaden contactless payments acceptance in the Philippines. This initiative will bring greater convenience to the consumer commuting experience, simplifying access and enabling travelers to tap in and tap out with their Mastercard.

(Source: Mastercard, Press Release, February 2024)

Contactless Payments Market Report Coverage and Deliverables

The "Contactless Payments Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

Contactless payments market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Contactless payments market trends, as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST and SWOT analysis
Contactless payments market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the contactless payments market
Detailed company profiles