We outline the market outlook for contactless payments in payments — from investment trends, to leading companies, to recommendations for players in the space.
What are contactless payments?
Companies in this space provide contactless technology solutions to merchants, enterprises, and small businesses in the form of point-of-sale (POS) terminals, card readers, physical and virtual cards, and other payment acceptance methods.
Contactless payments tech provides a secure method for making touch-free purchases with a debit or credit card, smartphone, or other payment devices using radio frequency identification (RFID) technology and near-field communication (NFC) technology. QR codes also enable contactless payments.