Sample_U.S. Contactless Payment Market
Global Contactless Payment Market worth US$ 98.1 Billion 2029 with a CAGR of 24.0%
Global Contactless Payment Market worth US$ 98.1 Billion 2029 with a CAGR of 24.0%
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U.S. <strong>Contactless</strong> <strong>Payment</strong> <strong>Market</strong><br />
Analysis<br />
North America is leading the market owing to the presence of well-established businesses and high technology adoption in the region.<br />
As the U.S. are relatively mature in terms of the adoption of these systems, they are expected to witness demand either for up<br />
gradation or replacement of systems.<br />
The growth is mainly attributed to the increasing adoption rate, regulatory initiatives such as Mastercard Visa (EMV), the global<br />
standard for chip cards, and the adoption of Near Field Communication (NFC) technology.<br />
Additionally, the shift of transit authorities toward the usage of contactless payment services, such as Visa’s payWave service and<br />
Mastercard’s PayPass service, in the North America market is expected to augment the regional growth.<br />
Source: Prophecy <strong>Market</strong> Insights<br />
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