Contactless Payment Market Analysis: According to a study of Research Dive,the global contactless payment market forecast will surpass $20,340.3 million by 2026, increasing at a healthy CAGR of 11.2%. The incredible growth in internet users mainly because of strong internet performance is one an impetus for the contactless payment market growth, over the forecast period. Also, with digital transformation in developed as well as developing countries, popularity for contactless transactions is extensively increasing as it provides convenience and advanced security. For instance, in India, UPI’s (unified payments interface) popularity has grown tremendously; moreover, the transaction volumes have enormously grown from $4,05,371.8 in August 2016 to $24,71,29,87,950.0 in October 2019. These key factors may boost the growth of the global contactless payment market, during the forecast period.Moreover, the biggest smartphone companies are providing servicesof contactless payment method
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