|By Business Wire||
|April 1, 2014 07:36 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/3bnh7s/contactless) has announced the addition of the "Global Contactless Payments (Mobile Handsets, Contactless Smart Cards & Others) Market 2013-2018" report to their offering.
The increasing requirement of the consumers to make online payments and payments via mobile phones is helping the society to move toward a cashless society. Financial institutions are offering various types of payment services tending people to use more of cards and mobile phones for payments. The potential marketing strategies provided by various business segment and payments market is changing the payments trend in various regions such as Europe, U.S., and Asia Pacific (APAC).
The wave and pay or tap and go technology help consumers in paying for lower valued goods a bit differently. Transactions through contactless technology enabled cards or Near-Field Communication (NFC) smartphones require close contact with contactless reader. Numerous credit card companies are offering contactless services such as NFC-enabled stickers that can turn any mobile device into a contactless payment device. Telecom vendors are manufacturing NFC-enabled handsets as an alternative method of payments. However, NFC is considered as a chicken-and-egg issue, as there are not many contactless-based cards in the market to hit the critical mass for merchants of all sizes to justify investment Point-of-Sale (POS) technology.
In the recent times, technology vendors are offering a flexible platform of readers and terminals that can be swiftly integrated in varied payment applications such as fast-food restaurants and open cashless fare collection schemes deploying contactless payments. Leading from contactless travel card to Europay, MasterCard, and Visa (EMV) contactless cards and mobile phones the vendors are offering quick and efficient solutions. Payments via mobile phones are the most popular offering in contactless payments, closely followed by payments through smart cards and other development services. The leaders in the contactless payment market are investing in acquisitions and new technologies to enrich their existing product portfolio and address the increasing demand across a wide range of financial organizations and other merchants.
Scope of Report
- Mobile Handsets
- Contactless Smart Cards
- Payment Terminal Solutions
- Business Management Solutions
- Card Issuance Solutions
- Anti-Skimming Solutions
- Consultation Services
- Integration Services
- Value Added Services
- Banking, Financial Services and Insurance (BFSI)
- Consumer goods and Retail
- Government & Public Sector
- Telecom and IT
- Transport and Logistics
- Cpi Card Group
- Gemalto Nv
- Giesecke & Devrient Gmbh
- Heartland Payment Systems
- Inside Secure
- Oberthur Technologies
- Opus Software Solutions
- Oti Global
- Renesas Electronics Corporation
- Safran (Morpho)
- Tyfone, Inc.
- Verifone Systems, Inc.
- Watchdata Systems
- Yodo, Inc.
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