| Product Code: ETC13219967 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Contactless Payment Terminals Market was valued at USD 18.4 Billion in 2024 and is expected to reach USD 31.5 Billion by 2031, growing at a compound annual growth rate of 7.40% during the forecast period (2025-2031).
The Global Contactless Payment Terminals Market is experiencing significant growth driven by the increasing adoption of contactless payment technology worldwide. Contactless payment terminals allow for quick and convenient transactions by simply tapping a card or mobile device against the terminal, eliminating the need for physical contact or the insertion of a card. This technology is particularly popular in retail, transportation, and hospitality sectors due to its efficiency and enhanced customer experience. The market is also propelled by the rising demand for secure and hygienic payment options, especially in light of the COVID-19 pandemic. Major players in the industry are continuously innovating to improve security features, expand compatibility with various payment methods, and enhance overall user experience, contributing to the market`s steady expansion.
The Global Contactless Payment Terminals Market is experiencing rapid growth due to the increasing adoption of contactless payment methods, driven by the convenience and security they offer. The market is witnessing a surge in demand, particularly in sectors such as retail, hospitality, and transportation. With the ongoing shift towards digital payments and the rise of mobile wallets, there is a growing opportunity for contactless payment terminal providers to innovate and expand their product offerings. Furthermore, the COVID-19 pandemic has accelerated the adoption of contactless payments as consumers seek touchless payment options. As a result, there is a significant opportunity for market players to develop advanced, secure, and user-friendly contactless payment solutions to meet the evolving needs of businesses and consumers worldwide.
In the Global Contactless Payment Terminals Market, some key challenges include the need for widespread consumer adoption of contactless payment technology, concerns over security and data privacy, interoperability issues between different payment systems and terminals, and the cost associated with upgrading existing infrastructure to support contactless payments. Additionally, there are regulatory challenges related to compliance with various payment industry standards and regulations across different regions. The market also faces competition from alternative payment methods and technologies, as well as the challenge of convincing merchants to invest in contactless payment terminals. Overall, addressing these challenges requires collaboration among stakeholders to drive innovation, enhance security measures, educate consumers, and streamline the adoption of contactless payment technology.
The Global Contactless Payment Terminals Market is primarily being driven by the increasing adoption of contactless payment methods due to their convenience, speed, and enhanced security features. With the growing preference for quick and seamless transactions, both consumers and merchants are increasingly turning to contactless payment terminals. Additionally, the proliferation of smartphones and wearable devices equipped with Near Field Communication (NFC) technology is further fueling the demand for contactless payments. The ongoing trend towards digitalization and the shift towards a cashless society are also major factors contributing to the growth of the contactless payment terminals market. Moreover, the impact of the COVID-19 pandemic has accelerated the adoption of contactless payments as consumers seek touchless payment options to minimize physical contact, driving further expansion of the market.
Government policies related to the Global Contactless Payment Terminals Market vary by country but generally focus on promoting the adoption and use of contactless payment technology to enhance convenience, security, and efficiency in financial transactions. Many governments have implemented initiatives to encourage businesses to adopt contactless payment terminals, such as offering incentives or subsidies for upgrading systems. Additionally, regulations are in place to ensure the security and privacy of contactless transactions, including compliance with data protection laws and standards for encryption and authentication. Some countries also promote financial inclusion by encouraging the use of contactless payments among underserved populations. Overall, government policies aim to facilitate the growth of the contactless payment terminals market while safeguarding consumer interests and promoting innovation in the financial technology sector.
The Global Contactless Payment Terminals Market is expected to witness significant growth in the coming years due to the increasing adoption of contactless payment methods by consumers worldwide. The convenience, speed, and security offered by contactless payment terminals are driving their demand across various industries such as retail, hospitality, transportation, and healthcare. The ongoing shift towards a cashless society, coupled with the rising penetration of smartphones and wearable devices equipped with contactless payment technology, will further propel market growth. Additionally, the growing emphasis on hygiene and safety amidst the COVID-19 pandemic has accelerated the acceptance of contactless payments. With advancements in technology, the integration of contactless payment terminals with features like biometric authentication and near-field communication (NFC) capabilities is expected to drive innovation and expansion in the market.
In the global contactless payment terminals market, Asia Pacific is expected to witness significant growth due to the increasing adoption of digital payment methods in countries like China and India. North America leads the market with widespread acceptance of contactless payments in the United States and Canada. Europe is also a key player in the market, driven by the widespread use of contactless cards and mobile wallets in countries like the UK and Germany. The Middle East and Africa region is experiencing steady growth, particularly in countries like the UAE and South Africa. Latin America is also seeing a rise in contactless payment terminal adoption, with countries like Brazil and Mexico driving the market forward through increased consumer demand for convenient and secure payment options.
Global Contactless Payment Terminals Market |
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 Global Contactless Payment Terminals Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Contactless Payment Terminals Market Revenues & Volume, 2021 & 2031F |
3.3 Global Contactless Payment Terminals Market - Industry Life Cycle |
3.4 Global Contactless Payment Terminals Market - Porter's Five Forces |
3.5 Global Contactless Payment Terminals Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Contactless Payment Terminals Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Global Contactless Payment Terminals Market Revenues & Volume Share, By Payment Method, 2021 & 2031F |
3.8 Global Contactless Payment Terminals Market Revenues & Volume Share, By Device, 2021 & 2031F |
3.9 Global Contactless Payment Terminals Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Global Contactless Payment Terminals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Contactless Payment Terminals Market Trends |
6 Global Contactless Payment Terminals Market, 2021 - 2031 |
6.1 Global Contactless Payment Terminals Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Contactless Payment Terminals Market, Revenues & Volume, By Bluetooth, 2021 - 2031 |
6.1.3 Global Contactless Payment Terminals Market, Revenues & Volume, By Infrared, 2021 - 2031 |
6.1.4 Global Contactless Payment Terminals Market, Revenues & Volume, By Carrier-based, 2021 - 2031 |
6.1.5 Global Contactless Payment Terminals Market, Revenues & Volume, By Wi-Fi, 2021 - 2031 |
6.2 Global Contactless Payment Terminals Market, Revenues & Volume, By Payment Method, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Contactless Payment Terminals Market, Revenues & Volume, By Account-based, 2021 - 2031 |
6.2.3 Global Contactless Payment Terminals Market, Revenues & Volume, By Credit/Debit Card, 2021 - 2031 |
6.2.4 Global Contactless Payment Terminals Market, Revenues & Volume, By Stored Value, 2021 - 2031 |
6.2.5 Global Contactless Payment Terminals Market, Revenues & Volume, By Smart Card, 2021 - 2031 |
6.3 Global Contactless Payment Terminals Market, Revenues & Volume, By Device, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Contactless Payment Terminals Market, Revenues & Volume, By Integrated POS, 2021 - 2031 |
6.3.3 Global Contactless Payment Terminals Market, Revenues & Volume, By mPOS, 2021 - 2031 |
6.3.4 Global Contactless Payment Terminals Market, Revenues & Volume, By PDA, 2021 - 2031 |
6.3.5 Global Contactless Payment Terminals Market, Revenues & Volume, By Unattended Terminal, 2021 - 2031 |
6.3.6 Global Contactless Payment Terminals Market, Revenues & Volume, By Contactless Reader, 2021 - 2031 |
6.4 Global Contactless Payment Terminals Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Contactless Payment Terminals Market, Revenues & Volume, By Retail, 2021 - 2031 |
6.4.3 Global Contactless Payment Terminals Market, Revenues & Volume, By Transportation, 2021 - 2031 |
6.4.4 Global Contactless Payment Terminals Market, Revenues & Volume, By Banking, 2021 - 2031 |
6.4.5 Global Contactless Payment Terminals Market, Revenues & Volume, By Government, 2021 - 2031 |
6.4.6 Global Contactless Payment Terminals Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
7 North America Contactless Payment Terminals Market, Overview & Analysis |
7.1 North America Contactless Payment Terminals Market Revenues & Volume, 2021 - 2031 |
7.2 North America Contactless Payment Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Contactless Payment Terminals Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.4 North America Contactless Payment Terminals Market, Revenues & Volume, By Payment Method, 2021 - 2031 |
7.5 North America Contactless Payment Terminals Market, Revenues & Volume, By Device, 2021 - 2031 |
7.6 North America Contactless Payment Terminals Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
8 Latin America (LATAM) Contactless Payment Terminals Market, Overview & Analysis |
8.1 Latin America (LATAM) Contactless Payment Terminals Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Contactless Payment Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Contactless Payment Terminals Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.4 Latin America (LATAM) Contactless Payment Terminals Market, Revenues & Volume, By Payment Method, 2021 - 2031 |
8.5 Latin America (LATAM) Contactless Payment Terminals Market, Revenues & Volume, By Device, 2021 - 2031 |
8.6 Latin America (LATAM) Contactless Payment Terminals Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
9 Asia Contactless Payment Terminals Market, Overview & Analysis |
9.1 Asia Contactless Payment Terminals Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Contactless Payment Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Contactless Payment Terminals Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.4 Asia Contactless Payment Terminals Market, Revenues & Volume, By Payment Method, 2021 - 2031 |
9.5 Asia Contactless Payment Terminals Market, Revenues & Volume, By Device, 2021 - 2031 |
9.6 Asia Contactless Payment Terminals Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
10 Africa Contactless Payment Terminals Market, Overview & Analysis |
10.1 Africa Contactless Payment Terminals Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Contactless Payment Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Contactless Payment Terminals Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.4 Africa Contactless Payment Terminals Market, Revenues & Volume, By Payment Method, 2021 - 2031 |
10.5 Africa Contactless Payment Terminals Market, Revenues & Volume, By Device, 2021 - 2031 |
10.6 Africa Contactless Payment Terminals Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
11 Europe Contactless Payment Terminals Market, Overview & Analysis |
11.1 Europe Contactless Payment Terminals Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Contactless Payment Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Contactless Payment Terminals Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.4 Europe Contactless Payment Terminals Market, Revenues & Volume, By Payment Method, 2021 - 2031 |
11.5 Europe Contactless Payment Terminals Market, Revenues & Volume, By Device, 2021 - 2031 |
11.6 Europe Contactless Payment Terminals Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
12 Middle East Contactless Payment Terminals Market, Overview & Analysis |
12.1 Middle East Contactless Payment Terminals Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Contactless Payment Terminals Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Contactless Payment Terminals Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Contactless Payment Terminals Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.4 Middle East Contactless Payment Terminals Market, Revenues & Volume, By Payment Method, 2021 - 2031 |
12.5 Middle East Contactless Payment Terminals Market, Revenues & Volume, By Device, 2021 - 2031 |
12.6 Middle East Contactless Payment Terminals Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
13 Global Contactless Payment Terminals Market Key Performance Indicators |
14 Global Contactless Payment Terminals Market - Export/Import By Countries Assessment |
15 Global Contactless Payment Terminals Market - Opportunity Assessment |
15.1 Global Contactless Payment Terminals Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Contactless Payment Terminals Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.3 Global Contactless Payment Terminals Market Opportunity Assessment, By Payment Method, 2021 & 2031F |
15.4 Global Contactless Payment Terminals Market Opportunity Assessment, By Device, 2021 & 2031F |
15.5 Global Contactless Payment Terminals Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
16 Global Contactless Payment Terminals Market - Competitive Landscape |
16.1 Global Contactless Payment Terminals Market Revenue Share, By Companies, 2024 |
16.2 Global Contactless Payment Terminals Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |