China Contactless Payment Market (2025-2031) Outlook | Trends, Growth, Share, Revenue, Companies, Industry, Forecast, Value, Size, Analysis

Name: China Contactless Payment Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Contactless Payment Market, China Contactless Payment Market, China Contactless Payment Market Revenues, China Contactless Payment Market Share, China Contactless Payment Market Size, China Contactless Payment Market Outlook, China Contactless Payment Market Report, China Contactless Payment Market Competition, China Contactless Payment Market Overview, China Contactless Payment Market Trends, China Contactless Payment Market Forecast

Market Forecast By Component (Hardware, Solutions, Services), By Vertical (Retail, Hospitality, Healthcare, Energy and Utilities, Transportation and Logistics, BFSI, Others (Government, telecommunications, and education)) And Competitive Landscape

Product Code: ETC4425922	Publication Date: Jul 2023	Updated Date: Aug 2025	Product Type: Report
Publisher: 6Wresearch	Author: Dhaval Chaurasia	No. of Pages: 85	No. of Figures: 45	No. of Tables: 25

China Contactless Payment Market Overview

The China contactless payment market is experiencing rapid growth, driven by the increasing adoption of digital payment methods and the government`s push for a cashless economy. Contactless payment technologies, such as NFC and QR codes, provide consumers with convenient, secure, and fast payment options. The market is supported by widespread smartphone usage, advancements in payment technologies, and the growing preference for digital transactions over traditional payment methods.

Drivers of the market

The drivers of the China contactless payment market include the increasing adoption of digital payment solutions and the growing popularity of mobile wallets. The government`s push for cashless transactions and the expansion of e-commerce further boost the demand for contactless payment systems. Technological advancements in payment infrastructure, including near-field communication (NFC) technology, also drive market growth.

Challenges of the market

The contactless payment market in China faces challenges such as security concerns and the risk of fraud, which impact consumer trust. The market is also affected by regulatory changes that aim to increase transaction security and reduce fraud rates. Additionally, intense competition from established payment systems creates barriers for new entrants.

Government Policy of the market

The Chinese government has implemented policies to promote the adoption of contactless payment technologies as part of its broader push towards a cashless society. Regulations support the development of secure, reliable payment infrastructures and mandate compliance with national cybersecurity standards to protect consumer data. The government also provides incentives for fintech companies to innovate and expand contactless payment solutions across various sectors.

Key Highlights of the Report:

China Contactless Payment Market Outlook
Market Size of China Contactless Payment Market, 2024
Forecast of China Contactless Payment Market, 2031
Historical Data and Forecast of China Contactless Payment Revenues & Volume for the Period 2021-2031
China Contactless Payment Market Trend Evolution
China Contactless Payment Market Drivers and Challenges
China Contactless Payment Price Trends
China Contactless Payment Porter's Five Forces
China Contactless Payment Industry Life Cycle
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Component for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Hardware for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Solutions for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Services for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Vertical for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Retail for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Hospitality for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Healthcare for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Energy and Utilities for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Transportation and Logistics for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By BFSI for the Period 2021-2031
Historical Data and Forecast of China Contactless Payment Market Revenues & Volume By Others (Government, telecommunications, and education) for the Period 2021-2031
China Contactless Payment Import Export Trade Statistics
Market Opportunity Assessment By Component
Market Opportunity Assessment By Vertical
China Contactless Payment Top Companies Market Share
China Contactless Payment Competitive Benchmarking By Technical and Operational Parameters
China Contactless Payment Company Profiles
China Contactless Payment Key Strategic Recommendations

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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 China Contactless Payment Market Overview

3.1 China Country Macro Economic Indicators

3.2 China Contactless Payment Market Revenues & Volume, 2021 & 2031F

3.3 China Contactless Payment Market - Industry Life Cycle

3.4 China Contactless Payment Market - Porter's Five Forces

3.5 China Contactless Payment Market Revenues & Volume Share, By Component , 2021 & 2031F

3.6 China Contactless Payment Market Revenues & Volume Share, By Vertical, 2021 & 2031F

4 China Contactless Payment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing adoption of mobile payment solutions in China

4.2.2 Government support and initiatives to promote digital payments

4.2.3 Growing penetration of smartphones and internet connectivity in the country

4.3 Market Restraints

4.3.1 Security concerns and data privacy issues associated with contactless payments

4.3.2 Lack of standardized regulations and interoperability among different payment systems

5 China Contactless Payment Market Trends

6 China Contactless Payment Market, By Types

6.1 China Contactless Payment Market, By Component

6.1.1 Overview and Analysis

6.1.2 China Contactless Payment Market Revenues & Volume, By Component , 2021-2031F

6.1.3 China Contactless Payment Market Revenues & Volume, By Hardware, 2021-2031F

6.1.4 China Contactless Payment Market Revenues & Volume, By Solutions, 2021-2031F

6.1.5 China Contactless Payment Market Revenues & Volume, By Services, 2021-2031F

6.2 China Contactless Payment Market, By Vertical

6.2.1 Overview and Analysis

6.2.2 China Contactless Payment Market Revenues & Volume, By Retail, 2021-2031F

6.2.3 China Contactless Payment Market Revenues & Volume, By Hospitality, 2021-2031F

6.2.4 China Contactless Payment Market Revenues & Volume, By Healthcare, 2021-2031F

6.2.5 China Contactless Payment Market Revenues & Volume, By Energy and Utilities, 2021-2031F

6.2.6 China Contactless Payment Market Revenues & Volume, By Transportation and Logistics, 2021-2031F

6.2.7 China Contactless Payment Market Revenues & Volume, By BFSI, 2021-2031F

7 China Contactless Payment Market Import-Export Trade Statistics

7.1 China Contactless Payment Market Export to Major Countries

7.2 China Contactless Payment Market Imports from Major Countries

8 China Contactless Payment Market Key Performance Indicators

8.1 Number of active mobile payment users in China

8.2 Transaction volume through contactless payment methods

8.3 Growth rate of digital wallet usage

8.4 Percentage of retailers accepting contactless payments

8.5 Average transaction value for contactless payments

9 China Contactless Payment Market - Opportunity Assessment

9.1 China Contactless Payment Market Opportunity Assessment, By Component , 2021 & 2031F

9.2 China Contactless Payment Market Opportunity Assessment, By Vertical, 2021 & 2031F

10 China Contactless Payment Market - Competitive Landscape

10.1 China Contactless Payment Market Revenue Share, By Companies, 2024

10.2 China Contactless Payment Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Contactless Payment Market

Asia Pacific Contactless Payment Market

Europe Contactless Payment Market

Global Contactless Payment Market

Middle East Contactless Payment Market

North America Contactless Payment Market

Norway Contactless Payment Market

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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