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The Proximity Payment market is a subset of the Mobile and Contactless Payments industry. It is a form of payment that allows customers to make purchases without the need for physical contact. This is done through the use of near field communication (NFC) technology, which allows two devices to communicate with each other when they are in close proximity. This technology is used in a variety of payment methods, such as contactless cards, mobile wallets, and wearables.
The Proximity Payment market has seen rapid growth in recent years, driven by the increasing adoption of mobile and contactless payments. This has been further accelerated by the increasing availability of NFC-enabled devices, such as smartphones and wearables. This has enabled customers to make payments quickly and securely, without the need for physical contact.
Some of the major players in the Proximity Payment market include Apple Pay, Google Pay, Samsung Pay, PayPal, and Visa. These companies offer a range of payment solutions, such as contactless cards, mobile wallets, and wearables. Show Less Read more
