ReportsnReports - Contactless Payments Market: Waving Cash Goodbye

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25 Oct, 2011, 09:15 GMT

DALLAS, October 25, 2011 /PRNewswire/ --

ReportsnReports adds 'Contactless Payments: Waving Cash Goodbye' to its store. This report examines the latest developments for contactless payments. It presents data on the potential market size, analyses consumer holding and usage, captures competitor developments, and presents key lessons for issuers to push contactless into the mainstream. Explore the complete Table of Contents and more details on the report @ http://www.reportsnreports.com/reports/135180-contactless-payments-waving-cash-goodbye.html

Highlights

  • The potential market for contactless payments is huge. Contactless Payments Opportunity Model puts the global addressable market for contactless at €2.1tn ($2.9tn) per year, equal to around 26% of the value of POS transactions currently made in the countries covered by the model.
  • Globally, 20% of consumers report that they currently hold a contactless payment card from their bank. However, of these 5% claim that they do not use it. Despite these positive signs, nearly a third of consumers (32%) claim that that they have not heard of contactless, highlighting the low awareness levels that persist among consumers.
  • Open-loop ticketing on public transport represents a significant opportunity to boost awareness and usage of general purpose contactless cards. Numerous transport authorities globally are investigating the possibilities offered by contactless. These include the Toronto Transport Commission in Canada and Transport for London in the UK.

Features and benefits

  • Draws on Datamonitor's Contactless Payments Opportunity Model to size the addressable market for contactless payments in 62 countries.
  • Utilizes Datamonitor's Financial Services Consumer Insight Survey to analyze contactless card holding, usage and awareness.
  • Provides a global round-up, by region, of competitor developments in contactless card issuance.
  • Presents a contactless attractiveness ranking for 50 countries from Datamonitor's Contactless Payments Opportunity Model and Global Payment Card data.
  • Highlights key lessons for issuers to boost consumer awareness and usage of contactless payments.

Request for a sample and get your copy of the report 'Contactless Payments: Waving Cash Goodbye' @ http://www.reportsnreports.com/reports/135180-contactless-payments-waving-cash-goodbye.html

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