Asia-Pacific Contactless Payment Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis | MarkNtel
Asia-Pacific Contactless Payment Market Overview: 2021-26
Base Year: 2020
Historical Years: 2016-19
Forecast Years: 2021-26
The Asia-Pacific Contactless Payment Market is projected to grow at a CAGR of around 16% during the forecast period, i.e., 2021-26. The market is driven primarily by the facility of contactless payment solutions to offer services like instant money transfer & an efficient alternative for cash-based payments, coupled with the mounting adoption of smartphones and extensively available high-speed data networks.
Markntel Advisor’s Asia-Pacific Contactless Payment Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Asia-Pacific Contactless Payment Market drivers, barriers, Asia-Pacific Contactless Payment Market Trends, and Key Players in Asia-Pacific Contactless Payment Market.
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Asia-Pacific Contactless Payment Market Dynamics: 2021-26
Artificial Intelligence to Fuel the Market Growth: Constant technological advancements in contactless payment services like the integration of Artificial Intelligence (AI) to store information like buying behavior, rewards applied, etc., & provide payment solutions to retailers are expected to drive the market through 2026.
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Asia-Pacific Contactless Payment Market (2021-26): Segmentation Outlook
The market report has segmented the market into the following categories:
· By Devices
o Smartphones
o Smart Cards
o Point of Sale Terminals
o Other
· By Technology
o NFC
o RFID
o IR
· By End User
o Retail
o BFSI
o Healthcare
o Telecom & IT
o Entertainment & Media
o Hospitality & Restaurant
o Transportation
o Others
· By Country
o India
o China
o Australia
o South Korea
o South East Asia
o Japan
o Singapore
o Malaysia
o Others
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Asia-Pacific Contactless Payment Market:
- Alipay
- GrabPay
- Renesas Electronics Corporation
- PayTM
- Verifone Systems, Inc.
- Rakuten Pay
- INSIDE Secure
- Ingenico Group S.A.
- Gemalto Nv
- Heartland Payment Systems
- Ibm Corp.
- Infineon Technologies Ag
- Valitor Hf
- Wirecard Ag
- Visa, Inc.
- Giesecke & Devrient Gmbh
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