The Asia-Pacific Contactless Payment Market size is projected to grow at a CAGR of around 16% during the forecast period, i.e., 2021-26. According to MarkNtel Advisors Study.
Asia-Pacific Contactless Payment Market Driver:
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.
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Key Market Reports Highlights
- Market Dimensions Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Asia-Pacific Contactless Payment Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2020
-Historical Period: 2016 to 2019
-Forecast Period: 2021 to 2026
- By Devices
- Smartphones
- Smart Cards
- Point of Sale Terminals
- Other
- By Technology
- NFC
- RFID
- IR
- By End User
- Retail
- BFSI
- Healthcare
- Telecom IT
- Entertainment Media
- Hospitality Restaurant
- Transportation
- Others
- By Country
- India
- China
- Australia
- South Korea
- South East Asia
- Japan
- Singapore
- Malaysia
- Others
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including 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., etc. are looking forward to strengthening their market positions.
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Data-Driven Insights Backed by Proven Research
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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