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Forecasts on the market of contactless payments

In 5 years, the market of contactless payments will grow more than twice!

According to the forecast of Juniper Research, by 2027 the global volume of contactless transactions will reach $10 billion, compared to $4.6 billion in 2022.

According to analysts, contactless mobile and wearable payments (smartwatches, fitness trackers and payment bracelets) are expected to grow by 221%, and contactless card payments by 119% during the same period.

Investments in the underlying contactless payment ecosystem, such as point-of-sale terminals, will be a key driver of market growth over the next five years.

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