Asia Pacific Contactless Payment Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

Asia-Pacific Contactless Payment Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of Asia-Pacific Contactless Payment market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Market Opportunities
According to MarkNtel Advisors’ research report “Asia-Pacific Contactless Payment Market Analysis, 2021”, the Asia-Pacific Contactless Payment market is anticipated to grow at a CAGR of around 16% during 2021-26F. The rapid digital transformation in the counties has propelled the growth of contactless payment. The major factor for the growth of the market is the rollout of near-field communication (NFC)-based contactless payment by market players, the introduction of mobile payment platform by smartphone manufacturer, along with a boost in government initiatives to escalate the adoption of contactless payment and rising investment on infrastructure for contactless card Payment.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Asia Pacific Contactless Payment Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast – (2021-2026)

Smartphone Acquired Majority Market Share
Based on Devices, Smartphone acquired the majority market share in the Asia-Pacific Contactless Payment market in 2020. The significant growth in the number of mobile payment transaction due to the escalating use of smartphones and propelling the use of digital wallet among customer has upsurged the third-party mobile payment industry. In China, over 85% of purchases were on mobile payment platforms in 2019 are expected to propel the growth of Asia-Pacific Contactless Payment market in the coming years as revealed by the MarkNtel Advisors’ research report “Asia-Pacific Contactless Payment Market Analysis, 2021”.

Impact of COVID-19
In the wake of COVID-19, the contactless payment witnessed an optimistic impact on market growth. This is due to a paradigm shift in the consumer behaviour toward the digital purchase, surging adoption of digital payment service among end-user and subsequent rise in the number of transactions for online spending on account of lockdown imposition. The paradigm shift digital commerce during the COVID-19 phase is expected to propel the growth of contactless payment in the near future.

Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Asia-Pacific Contactless Payment market include 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.

Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of Asia-Pacific Contactless Payment Market?
2. What is the country-wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Asia-Pacific Contactless Payment Market?
4. Who are the key competitors or market players and how they perform in Asia-Pacific Contactless Payment Market based on the competitive benchmarking matrix?

TABLE OF CONTENT

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Glossary
1.4. Market Segmentation
2. Executive Summary
3. Market Overview
4. Impact of COVID-19 on APAC Contactless Payments Market
5. Industry ecosystem analysis
5.1. Distribution channel analysis
5.2. Vendor matrix
6. Technology & innovation landscape
6.1. Artificial Intelligence (AI)
6.2. Augmented reality (AR)/Virtual Reality (VR)
6.3. Biometrics
6.4. Blockchain
7. Expert Verbatim- Interview Excerpts of industry experts
8. APAC Contactless Payments Market Outlook, 2015-2025
8.1. Market Size & Analysis
8.1.1. Revenues
8.2. Market Share & Analysis

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