| Product Code: ETC5533326 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The contactless payment market in Burundi is expanding as consumers and businesses increasingly adopt secure and convenient payment methods. Contactless payments use technologies like NFC (Near Field Communication) and RFID (Radio Frequency Identification) to enable fast transactions without physical contact. The market growth is driven by the rise in digital payment adoption and the need for secure, efficient payment solutions. Challenges include managing security risks and ensuring widespread acceptance of contactless payment systems.
The Contactless Payment market in Burundi is influenced by the growing adoption of digital payment solutions and the demand for convenient and secure transaction methods. Contactless payments allow for quick and seamless transactions using technologies such as NFC (Near Field Communication) and RFID (Radio Frequency Identification). The rise in consumer preference for contactless transactions, the growth of mobile payment solutions, and the focus on enhancing payment security drive the market. Additionally, advancements in payment technologies and the expansion of digital payment infrastructure contribute to market development.
In Burundi, the Contactless Payment market struggles with high costs of technology and limited local infrastructure to support contactless payment systems. There is also a lack of awareness and acceptance among consumers and businesses regarding the benefits of contactless payments. Additionally, logistical challenges and regulatory issues can impact market development and growth.
The government of Burundi is committed to supporting the growth of the contactless payment market as part of its strategy to enhance financial inclusion and modernize payment systems. Policies are being introduced to promote the adoption of contactless payment technologies, which offer convenience and security for transactions. The government is providing financial incentives for businesses investing in contactless payment solutions and is fostering research and development in this field. Additionally, efforts are being made to establish regulations and quality standards to ensure the security and reliability of contactless payment systems.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Burundi Contactless Payment Market Overview |
3.1 Burundi Country Macro Economic Indicators |
3.2 Burundi Contactless Payment Market Revenues & Volume, 2021 & 2031F |
3.3 Burundi Contactless Payment Market - Industry Life Cycle |
3.4 Burundi Contactless Payment Market - Porter's Five Forces |
3.5 Burundi Contactless Payment Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Burundi Contactless Payment Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Burundi Contactless Payment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Burundi |
4.2.2 Growing adoption of digital payment solutions |
4.2.3 Government initiatives promoting cashless transactions |
4.3 Market Restraints |
4.3.1 Limited internet connectivity in some regions of Burundi |
4.3.2 Lack of awareness and trust in contactless payment technology |
4.3.3 Security concerns surrounding contactless payments |
5 Burundi Contactless Payment Market Trends |
6 Burundi Contactless Payment Market Segmentations |
6.1 Burundi Contactless Payment Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Burundi Contactless Payment Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.3 Burundi Contactless Payment Market Revenues & Volume, By Solutions, 2021-2031F |
6.1.4 Burundi Contactless Payment Market Revenues & Volume, By Services, 2021-2031F |
6.2 Burundi Contactless Payment Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 Burundi Contactless Payment Market Revenues & Volume, By Retail, 2021-2031F |
6.2.3 Burundi Contactless Payment Market Revenues & Volume, By Hospitality, 2021-2031F |
6.2.4 Burundi Contactless Payment Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 Burundi Contactless Payment Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
6.2.6 Burundi Contactless Payment Market Revenues & Volume, By Transportation and Logistics, 2021-2031F |
6.2.7 Burundi Contactless Payment Market Revenues & Volume, By BFSI, 2021-2031F |
7 Burundi Contactless Payment Market Import-Export Trade Statistics |
7.1 Burundi Contactless Payment Market Export to Major Countries |
7.2 Burundi Contactless Payment Market Imports from Major Countries |
8 Burundi Contactless Payment Market Key Performance Indicators |
8.1 Number of new contactless payment users in Burundi |
8.2 Growth in the number of contactless payment transactions |
8.3 Percentage increase in the usage of contactless payment terminals |
8.4 Average transaction value for contactless payments |
8.5 Rate of adoption of contactless payment technology by merchants and businesses |
9 Burundi Contactless Payment Market - Opportunity Assessment |
9.1 Burundi Contactless Payment Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Burundi Contactless Payment Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Burundi Contactless Payment Market - Competitive Landscape |
10.1 Burundi Contactless Payment Market Revenue Share, By Companies, 2024 |
10.2 Burundi Contactless Payment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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