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(MoneyNewsWire.Net, May 02, 2018 ) Global Contactless Payment System Market Report 2018
Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near field communication (NFC, e.g. ATAR pay, Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, or any bank mobile application that support Contactless) for making secure payments. The embedded chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the point of sale terminal. Contactless payments are made in close physical proximity, unlike mobile payments which use broad-area cellular or WiFi networks and do not involve close physical proximity.
Contactless payments offer efficient and quick payment solutions through an EMV contactless card, NFC mobile phone, or standard contactless travel card. The global contactless payments market is driven by reduced transaction time, convenience in processing low-value payments, and increased revenue opportunities. However, high costs involved for the installation of EPOS terminals and lower rate of adoption hamper the contactless payments market growth.
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Top Manufacturers: STMicroelectronics, INSIDE Secure, Infineon Technologies, Gemalto N.V., Giesecke & Devrient GmbH, Oberthur Technologies, Diebold Inc, HID Global, MCR Systems Inc, Barclays, Heartland Payment Systems, Inc, Ingenico Group, Apple
Market Segment by Regions, regional analysis covers
United States
China
Europe
Japan
Southeast Asia
India
Market Segment by Type, covers
Contactless Card (NFC/RFID)
Wearable Devices
Contactless Mobile Payment
Market Segment by Applications, can be divided into
Transport
Media & Entertainment
Retail
Healthcare
Others
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The major drivers of this market include reduction in queuing and transaction time, increased convenience in making low value payments, ease of technology integration with existing cards, increased average transaction value, better customer insights, improved service delivery, and increased revenue opportunity.
Benefits such as reduction in transaction time and improved service delivery offered by contactless payments have resulted in a significant rise in the number of users. Some of the key features of contactless systems include easy installation and cost effectiveness.
Table of Content:
Global Contactless Payment System Sales Market Report 2018
1 Contactless Payment System Market Overview
2 Global Contactless Payment System Competition by Players/Suppliers, Type and Application
3 United States Contactless Payment System (Volume, Value and Sales Price)
4 China Contactless Payment System (Volume, Value and Sales Price)
5 Europe Contactless Payment System (Volume, Value and Sales Price)
6 Japan Contactless Payment System (Volume, Value and Sales Price)
7 Southeast Asia Contactless Payment System (Volume, Value and Sales Price)
7.1 Southeast Asia Contactless Payment System Sales and Value (2013-2018)
8 India Contactless Payment System (Volume, Value and Sales Price)
9 Global Contactless Payment System Players/Suppliers Profiles and Sales Data
9.1 STMicroelectronics
9.1.1 Company Basic Information, Manufacturing Base and Competitors
9.1.2 Contactless Payment System Product Category, Application and Specification
9.1.2.1 Product A
9.1.2.2 Product B
9.1.3 STMicroelectronics Contactless Payment System Sales, Revenue, Price and Gross Margin (2013-2018)
9.1.4 Main Business/Business Overview
9.2 INSIDE Secure
9.2.1 Company Basic Information, Manufacturing Base and Competitors
9.2.2 Contactless Payment System Product Category, Application and Specification
9.2.2.1 Product A
9.2.2.2 Product B
9.2.3 INSIDE Secure Contactless Payment System Sales, Revenue, Price and Gross Margin (2013-2018)
9.2.4 Main Business/Business Overview
9.3 Infineon Technologies
9.3.1 Company Basic Information, Manufacturing Base and Competitors
9.3.2 Contactless Payment System Product Category, Application and Specification
9.3.2.1 Product A
9.3.2.2 Product B
9.3.3 Infineon Technologies Contactless Payment System Sales, Revenue, Price and Gross Margin (2013-2018)
9.3.4 Main Business/Business Overview
10 Contactless Payment System Maufacturing Cost Analysis
11 Industrial Chain, Sourcing Strategy and Downstream Buyers
12 Marketing Strategy Analysis, Distributors/Traders
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