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(MoneyNewsWire.Net, March 27, 2018 ) Global EPayment System Market 2018
This report studies the global ePayment System market, analyzes and researches the ePayment System development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
The market is also expected to grow owing to the introduction of testing laboratories at present. Organizations are being obliged to organize tests in offices to ensure employee safety owing to the rising pressure on them and devoid them of illegitimate activities.
This report focuses on the top players in global market, like pureLiFi, Velmenni, Oledcomm, Philips, VLNComm, Wipro, General Electric, LVX System, Nakagawa Labs and LightPointe Communications.
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The report provides information on the technological advancements that are bound to take place in the coming years or are currently taking place in the market. Furthermore, the threats faced by the main player dominant in the global ePayment System market have been highlighted. The geographical segmentation of the global ePayment System market entails the dominant regions in the market during the forecast period. Information on the region leading this market and the reasons for the dominance of this region are also some of the aspects highlighted under this section of the report.
Market segment by Application, ePayment System can be split into
Private Utility
Public Utility
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There are various modes of electronic payments such as debit card, credit card, e-wallet, smart card, EFT and others. From last a few years electronic payment has also been used by transportation agencies for the collection of parking fees, highway tolls, transit fares & others.
Electronic payment in transportation is done with the help of cards or transponders carried by user which directly communicates with devices maintained by transportation agencies for the conduction of transaction and also to track the payment records. Use of electronic payment system in transportation sector give rises so many advantages as electronic toll collection supports the collection of toll fare automatically by reading the data of registered vehicle from electronic transponder and driver does not need to slow down the car or stop for the payment hence it gives relief from traffic congestion and also save time of the commuters.
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