European contactless payment market is anticipated to grow at a CAGR 14.7% during the forecast period. European countries are considered to befertile grounds for contactless payments. Countries are providing a positive environment for various contactless platforms such as Apple Pay, Barclays Contactless Mobile, and others. For instance, as per UK Finance, a total of 38% of instore card payments are accounted as contactless payments in UK. Moreover, major economies of Europe such as Germany, France, Spain, and few others are moving rapidly towards digital payments which as a result are augmenting the integration of NFC-based payments in the region.
With the active participation of the governments, the region has reported significant growth in digital payment investments. Moreover, the fintech collaborations provide the financial as well as technical support in the development of contactless payments. Germany, UK, France, and other European countries have reported substantial investment in the fintech sector. Estonia is another such country where the government is actively participating to support the adoption of digital payments. Estonia has advanced in the digital payments as more than 95% of the tax returns are filed digitally. The major factor behind the adoption of digital payment is the availability of modern infrastructure due to the active participation of government agencies in the development of digital platforms.
To Request a Sample of our Report on European Contactless Payment Market: https://www.omrglobal.com/request-sample/european-contactless-payment-market
European Contactless Payment Market Segmentation
By Device
- Smartphones
- Smart Cards
- Point of Sale Terminals
- Other
By End-User
- Retail
- BFSI
- Transportation
- Others
A full Report of European Contactless Payment Market is Available at: https://www.omrglobal.com/industry-reports/european-contactless-payment-market
Regional Analysis
- European
- UK
- Germany
- Italy
- Spain
- France
Rest of Europe
Company Profiles
- Gemalto NV
- GIESECKE+DEVRIENT GMBH
- IBM Corp.
- INFINEON TECHNOLOGIES AG
- Ingenico Group SA
- Prepay solutions
- Thales Group
- VERIFONE SYSTEMS, INC
- VISA, INC
- Wirecard AG
Reasons to Buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
