Portland, OR -- (SBWIRE) -- 07/22/2017 -- Contactless payment refers to purchase of goods/products and services through debit, credit and smart cards including smartphones and other mobile devices that use radio frequency identification technology (RFID), near field communication (NFC) and samsung pay (MST). Additionally, contactless payments are perceived to be faster than cash transaction thereby, reducing the queuing time.

Global Contactless Payment Market is expected to grow at a CAGR of over 18% from 2017 to 2025.

Market By Payment Modes
- Smartphones
- Wireless Payment Terminals

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Market Dynamics:

Drivers:

Increasing trends of QR codes, ID codes, internet shopping and mobile banking services are driving the growth of contactless payment solutions.

Reduction in queuing and transaction time and increased convenience in making low value payments.

Restraints:
- High initial cost of deploying Epos terminals.

Market By Industry
- BFSI
- Retail
- Healthcare
- Hospitality & Tourism
- Government
- Telecom & IT
- Others

Market Players:

The top players in the global contact payment market STMicroelectronics, INSIDE Secure, Infineon Technologies, Gemalto N.V., Giesecke & Devrient GmbH, Oberthur Technologies, On Track Innovations LTD., Diebold Inc., HID Global, Verifone Systems Inc. and STS Payments.

Market By Solution
- POS Machines
- Software
- Services

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Market By Geography
- North America
o U.S.
o Canada
o Mexico

- Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe

- Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific

- LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

Table of Content Contain

1. Executive summary
1.1. Key findings
1.2. Market attractiveness and trend analysis
1.3. Competitive landscape and recent industry development analysis

2. Introduction
2.1. Report description
2.2. Scope and definitions
2.3. Research methodology

3. Market landscape
3.1. Growth drivers
3.1.1. Impact analysis
3.2. Restraints and challenges
3.2.1. Impact analysis
3.3. Porter's analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global contactless payment market shares analysis, 2014-2025

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List of Tables
Contain 43 Tables

List of Figures
Contain 50 Figures