Contactless Payment Market Is Expecting Revolutionary Growth in Global Industry
Global Contactless Payment Market is expected to grow at a CAGR of over 18% from 2017 to 2025. 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.
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