Global Contactless PoS Payment Market was valued at USD 3.50 Billion in 2022 and is projected to reach USD 9.20 Billion by 2030, growing at a CAGR of 15.90% from 2024 to 2030.
The Contactless PoS Payment Market has been gaining substantial momentum in recent years, transforming the way businesses process payments. This shift is driven by consumers’ increasing preference for secure, quick, and convenient payment methods. With the rise of smartphones, wearables, and contactless credit cards, businesses worldwide are embracing PoS (Point of Sale) systems that allow for swift and secure transactions without the need for physical contact. As the demand for touch-free payments grows, the Contactless PoS Payment Market is poised for exponential growth.
According to industry reports, the market is expected to see a robust CAGR over the next few years. This growth is fueled by the surge in e-commerce, an increase in digital wallet adoption, and heightened awareness about hygiene, especially post-pandemic. Consumers, more than ever, value the speed and convenience of using mobile phones or contactless cards for everyday transactions. The market is also being shaped by the rising use of NFC (Near Field Communication) technology in mobile devices, enhancing the ease of making contactless payments.
Merchants are upgrading their PoS systems to accommodate contactless payment solutions, ensuring they stay competitive in an evolving market. From small local businesses to large corporations, the transition to contactless payment methods is becoming increasingly necessary. Studies reveal that nearly 70% of customers prefer using contactless payments over traditional card swipes or chip insertions. With the added benefit of being safer from fraud and lessening physical contact, this payment method has become the norm in many countries.
The global Contactless PoS Payment Market also benefits from collaborations between payment technology companies and financial institutions. Together, they are developing innovative solutions such as mobile wallets, biometric authentication, and integrated software platforms, all designed to streamline the payment process while enhancing security. These advancements ensure the market remains dynamic and forward-looking, offering consumers and businesses alike faster and more reliable payment methods.
Get an In-Depth Research Analysis of the Global Contactless PoS Payment Market Size And Forecast [2025-2032]
Gemalto
Infineon
Ingenico
Wirecard
Verifone
Giesecke+Devrient
IDEMIA
On Track Innovations
Identiv
CPI Card Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Contactless PoS Payment Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Contactless PoS Payment Market
Retail
Hospitality
Healthcare
Energy and Utilities
Transportation
Logistics
BFSI
Others
Based on Types the Market is categorized into Below types that held the largest Contactless PoS Payment market share In 2023.
Smartphones
Smartcards
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Contactless PoS Payment Market Research Analysis
1. Introduction of the Global Contactless PoS Payment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Contactless PoS Payment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Contactless PoS Payment Market, By Type
6. Global Contactless PoS Payment Market, By Application
7. Global Contactless PoS Payment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Contactless PoS Payment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/