PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1351346
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1351346
According to SPER Market Research, 'Global Proximity Mobile Payment Market Size- By Product, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Proximity Mobile Payment is predicted to reach USD 67.47 billion by 2033 with a CAGR of 13.04%.
Proximity mobile payments are POS (Point-of-sale) transactions that use a smartphone or tablet as a payment method. Taping, scanning, swiping, or verifying in at the POS with a mobile device to complete the transaction; accepts digital goods purchases on mobile devices, remote purchases on handheld devices delivered later, and mobile transactions.
The Proximity Mobile Payment sector has been greatly impacted by the COVID-19 epidemic. As the necessity for lockdowns, social segregation policies, and growing hygiene concerns increased worldwide, contactless and touch-free payment solutions became increasingly necessary. Consumers' desire to eliminate physical touch with cash, credit cards, and payment terminals to lower the danger of virus transmission was the main driver behind this unexpected rise in popularity.