[Market Report] Global Market for Contactless Payments
The global market for contactless payments surged to 2.4 trillion USD in 2022 and is expected to reach 10.8 trillion USD by 2031.
The global contactless payment market has experienced unprecedented rapid growth, recording an astonishing revenue of approximately $2.4 trillion in 2022. Forecasts for the near future are even more remarkable, with the market value estimated to reach $10.8 trillion by 2031. This significant growth trajectory is driven by a compelling compound annual growth rate (CAGR) of 18.3% during the forecast period from 2023 to 2031. Contactless payments have emerged as a transformative method for conducting transactions, offering unparalleled convenience and security. This innovative payment solution allows consumers to shop without physically handing over or swiping a card. Instead, it leverages cutting-edge technologies such as Near Field Communication (NFC) and Radio Frequency Identification (RFID) to process transactions quickly and securely. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
- Company:Panorama Data Insights Ltd.
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