Asia-Pacific Contactless Payment Market Overview and Insights:
According to MarkNtel Advisors Report, Asia-Pacific Contactless Payment Market projected to grow at a CAGR of around 16% during the forecast period, i.e., 2021-26.
Asia-Pacific Contactless Payment Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Time Period Captured in the Report:
Historical Years: 2016-19
Base Years: 2020
Forecast Years: 2021-26
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Key Drivers:
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.
Who are the Key Players Operating in the Asia-Pacific Contactless Payment Industry?
The top companies of the Asia-Pacific Contactless Payment market ruling the industry are:
- 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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What is Included in Asia-Pacific Contactless Payment Market Segmentation?
The report has segmented the market into the following categories:
-By Devices
- Smartphones
- Smart Cards
- Point of Sale Terminals
Of them all, Point of Sale (PoS) devices are anticipated to observe substantial market growth during the forecast period. POS is an electronic device at retail shops, where the customer makes the payment to retailers. The market growth for PoS devices owes to their benefits like efficient usability, easy mobility, and less dependency on costs, thereby changing customers' way of making transactions.
-By Technology
- NFC
- RFID
- IR
-By End User
- Retail
- BFSI
- Healthcare
- Telecom IT
- Entertainment Media
- Hospitality Restaurant
- Transportation
- Others
Geographical Analysis
-By Country
- India
- China
- Australia
- South Korea
- South East Asia
- Japan
- Singapore
- Malaysia
- Others
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