Global Mobile Card Reader Market Size, Share and Forecast 2019-2025
Posted by nabeel on January 5th, 2021
The global mobile card reader market is forecast to grow at a CAGR of over 13% during the forecast period. The primary factors that are encouraging the growth of the market include the paradigm shift of the consumers towards the digital payment options. Also, the government support towards the digitalization is primarily driving the global mobile card reader market growth. For instance, the Indian government program for cashless India focuses to transform the country into a digital-based society as well as economy. Such initiatives by the government fuel the demand for such solutions including online transactions, which in turn, is projected to drive the global mobile card reader industry.
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The mobile card readers also accept contactless payments via Android Pay, Apple Pay, and other NFC-enabled smartphones and watches. The devices are integrated with various levels of security, such as chip & PIN payments, which provide safe & secure payment transactions. Thus, which again fuels the adoption, and hence encourage the growth of the global mobile card reader market during the forecast period.
Moreover, the presence of the key manufacturers operating in the global market includes Fidelity National Information Services, Inc., Paypal Inc., Square Inc., Verifone Holdings, Inc., Ingenico Group, and others. These key players are focussed on offering advanced payment options that enable customers for improved customer experience. For instance, Square Inc. provides a novel mobile card reader, based on the concepts of chip cards and NFC payments by linking wireless payments to smart devices.
Current Market Trends Covered in the Market Report:
Global Mobile Card Reader Market - Segmentation
Global Mobile Card Reader Market – Segment by Region
Rest of the World
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About the Authornabeel
Joined: November 26th, 2020
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