"Smart Strategies, Giving Speed to your Growth Trajectory"

Smart Payments System Market Size, Share & Industry Analysis, By Type (Internet Payment, Mobile Payment, Phone Payment), By Application (Retail, Transportation, Hospital, Media & Entertainment, Others) And Regional Forecast, 2024-2032

Region : Global | Report ID: FBI105957 | Status : Ongoing

 

KEY MARKET INSIGHTS

Smart payment systems are those that allow customers to pay their bills via Smart platforms rather than cash, check, or debit card. With the use of this technology, payment services that are governed by financial regulations can be conducted from a smartphone. Users can pay for a range of services and Smart items using their mobile phones instead of cash.


A key force propelling the global smart payment systems market ahead is the growing number of initiatives around the world to promote smart payments. A rise in smartphone demand, as well as an increase in internet users, is expected to move this business forward.

Furthermore, the competitive environment among enterprises has resulted in organizations providing better client experiences, assisting industry growth as well as helpful regulatory improvements. However, a lack of digital knowledge, global standards for cross-border payments, and cyber-attacks are impeding the market's growth.

The negative effects of the COVID-19 pandemic are wreaking havoc on India's economy, with manufacturing, auto, retail, aviation, and hospitality suffering the brunt of the disruption. As a result, smart payments, which are closely linked to the aforementioned industries, have suffered. Among other businesses, Smart payment volume has decreased in airlines, tourism, hospitality, hotels, entertainment, e-commerce (non-essentials), and restaurants. Furthermore, as a result of the temporary closing of borders, cross-border payments, whether B2B or C2B, have reduced dramatically, limiting commodity mobility. Remittances from abroad have also been hurt. 

Key Market Driver -

The growing number of initiatives around the world to promote Smart payments is a crucial driver driving the global smart payment systems market forward

Key Market Restraint -

The markets growth is hampered by a lack of digital awareness, worldwide standards for cross-border payments, and cyber-attacks.


Key Players


Some of the major players in smart payment system markets such as Apple, Amazon, NMI, INSIDE Secure, EBizCharge, FIS, Infineon Technologies, Ingenico Group, Gemalto N.V., and Heartland Payment Systems and others.

Regional Analysis


In developed regions such as North America, the need for smart payments has skyrocketed. With the COVID-19 epidemic dictating social distancing, consumers can keep their distance by using contactless payment smart payment solutions.

The fastest-growing region is expected to be Asia Pacific Region. The region's countries have taken significant steps to strengthen the payment industry.

The European smart payment market is the largest in terms of market size, but it is highly fragmented due to the use of multiple currencies and languages. The region includes a wide spectrum of countries, from economically and technologically advanced nations like the United Kingdom and Germany to heavily indebted nations like Greece and Austria. The United Kingdom, Poland, Spain, and Germany are the frontrunners.

To gain extensive insights into the market, Request for Customization


Segmentation






















  ATTRIBUTE

  DETAILS

By Type



  • Internet Payment

  • Mobile Payment

  • Phone Payment



By Application



  • Retail

  • Transportation

  • Hospital

  • Media & Entertainment

  • Others



By Region



  • North America (the U.S., and Canada)

  • Europe (the U.K., Germany, France, Italy, and Rest of Europe)

  • Asia Pacific (Japan, China, India, South East Asia, and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)



Smart Payment System Industrial Developments



  • In January 2020, CPI Card Group has introduced dual interface metal cards, which combine high-quality design with contactless functionality

  •  In October 2019,Mobeewave and IDEMIA have expanded their relationship to include the deployment of secure mobile PoS and fare validation throughout Australia.


  • Ongoing
  • 2023
  • 2019-2022

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

huawei
Yahoo
Kpmg
Bain & Company
Dell

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X