Contactless Payment Terminal Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Global Contactless Payment Market is Segmented by Technology (Bluetooth, Infrared, Carrier-based, and Wi-Fi), Payment Method (Account-based, Credit/Debit Card, Stored Value, and Smart Card), Device (Integrated POS, mPOS, PDA, Unattended Terminal, and Contactless Reader), End-user Industry (Retail, Transportation, Banking, Government, and Healthcare), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The market sizes and forecasts are provided in terms of value (USD Billion) for all the above segments.

Contactless Payment Terminal Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Contactless Payment Terminals Market Size

Contactless Payment Terminals Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 46.29 Billion
Market Size (2030) USD 96.88 Billion
CAGR (2025 - 2030) 15.92 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration High

Major Players

Contactless Payment Terminals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Contactless Payment Terminals Market with other markets in Technology, Media and Telecom Industry

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Contactless Payment Terminals Market Analysis

The Contactless Payment Terminals Market size is estimated at USD 46.29 billion in 2025, and is expected to reach USD 96.88 billion by 2030, at a CAGR of 15.92% during the forecast period (2025-2030).

  • The global landscape of payments and transactions is changing rapidly, owing to the growing enterprises and consumer propensity toward digital transformation and the proliferation of smartphones. Technological advancements in smartphones, digital payment cards, and retail POS terminals fuel market growth.
  • More and more countries are moving toward becoming cashless economies, thus encouraging digital payment providers by incentivizing their consumers' digital forms of payments. In addition, growing contactless card transactions worldwide drive the demand for contactless payment terminals in various end-user industries.
  • Contactless payments are gaining significant traction due to their convenience and preference. As a result, various wearable device manufacturers are incorporating near-field communication (NFC) technology as a standard into most devices to provide greater convenience by removing the need to fumble with a wallet, purse, or phone.
  • In addition, the global consumer inclination toward payment methods involving smartphones is increasing in the form of contactless payment methods at POS systems, owing to which card and financial service providers are either offering their card solutions on smartphones or via third-party vendors.
  • Additionally, the rising financial frauds worldwide have influenced government regulatory bodies to secure payment transactions over the past few years. With customers demanding safe and reliable digital transactions, the need for using secure payment processes has increased. Therefore, these regulatory bodies have positively impacted the adoption of POS terminals. With the increasing mobility trends worldwide, mobile POS systems are gaining traction. With the advent of cashless transactional technologies, POS is expected to witness an increase in adoption rates.
  • Moreover, technological advancements are shaping the future of the contactless payment terminals market. Market vendors are focusing on developing payment platforms that are agile and efficient and also increase the penetration and reach of contactless payments. For instance, in February last year, digital payments player Infibeam Avenues Limited (IAL) announced to broaden its payment solutions portfolio by launching a no-hardware contactless mobile point of sale (POS), which will facilitate card payment transactions for small vendors through a tap-on-phone technology.
  • During the COVID-19 pandemic, consumers worldwide started finding ways to avoid human contact in order to protect themselves from getting affected. Due to this, the demand for contactless payments has increased, boosting the demand for various contactless payment terminals, such as contactless POS terminals, in multiple industries. In addition, even after the pandemic, the demand for contactless payment terminals is expected to grow rapidly, owing to the proliferation of digital payments in emerging economies.

Contactless Payment Terminals Industry Overview

The contactless payment terminals market is consolidated because only some players have a significant market share. Moreover, consumers' need for more awareness toward contactless cards and concern over security issues make market entry challenging for new players. Some of the key players in the market include Thales Group, OTI, VeriFone Systems Inc., Hewlett Packard, and Ingenico Group SA.

  • December 2023: Mastercard leads the charge in transforming Nigeria's payment landscape as it unveils its contactless payment solutions. The solution will empower businesses to accept card payments quickly and cost-effectively, using a tap on the phone, QR Pay by link, and Payment link on their smartphones. Contactless payments make the checkout experience faster and more convenient for all parties involved. With a contactless payment system, customers can skip paying by cash or swiping their cards and inputting their PIN. They can tap the card against the terminal or mobile phone, making transactions smoother.
  • October 2023: Softpay and Dotykacka Collaborate to Introduce Tap-to-phone Payment Solution In the Czech Republic and Slovakia utilizing Nexi as Acquirer. Tap-to-phone technology provider SoftPay has announced a strategic partnership with multifunctional POS system solution provider Dotykacka to meet the growing demand for contactless payment acceptance in the Czech Republic and Slovakia.

Contactless Payment Terminals Market Leaders

  1. OTI Global

  2. VeriFone Systems Inc.

  3. Hewlett Packard Enteprise

  4. Ingenico Group SA

  5. Thales Group

  6. *Disclaimer: Major Players sorted in no particular order
Contactless Payment Terminals Market Concentration
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Contactless Payment Terminals Market News

  • September 2023: Merchant commerce platform Pine Labs launched Mini, the latest QR and card acceptance device, which is anticipated at nearly one-third of the cost of a regular point of sale (PoS) terminal. The QR-first and card-tap contactless payment device is targeted at small and medium enterprises (SMEs) and further boosts digital payment adoption in the country. Pine Labs has been at the fore of India's digital payments revolution, offering merchants visionary payment solutions for their omnichannel needs.
  • September 2023: Wix.com Ltd., a global SaaS platform to create, operate, and grow an online presence, reported Tap to Pay on Android to simplify in-person commerce for U.S.-based merchants through an extended partnership with Stripe. Following Wix's recent release of Tap to Pay on iPhone, Wix merchants can now accept secure, contactless payments instantly from their Android devices without additional hardware. The Wix Owner App turns any compatible Android device into a Point-of-Sale (POS) terminal. 

Contactless Payment Terminals Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Porter's Five Forces Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Assessment of COVID-19 impact on the industry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Reduction in Queuing Time and Quicker Checkout Time
    • 5.1.2 Convenience and Ease Associated with Contactless Payments
  • 5.2 Market Restraints
    • 5.2.1 Security Concerns Regarding Digital Payment

6. MARKET SEGMENTATION

  • 6.1 Technology
    • 6.1.1 Bluetooth
    • 6.1.2 Infrared
    • 6.1.3 Carrier-based
    • 6.1.4 Wi-Fi
    • 6.1.5 Other Technologies
  • 6.2 Payment Mode
    • 6.2.1 Account-based
    • 6.2.2 Credit/Debit Card
    • 6.2.3 Stored Value
    • 6.2.4 Smart Card
    • 6.2.5 Other Payment Modes
  • 6.3 Device
    • 6.3.1 Integrated POS
    • 6.3.2 mPOS
    • 6.3.3 PDA
    • 6.3.4 Unattended Terminal
    • 6.3.5 Contactless Reader
    • 6.3.6 Other Devices
  • 6.4 End-user Industry
    • 6.4.1 Retail
    • 6.4.2 Transportation
    • 6.4.3 Banking
    • 6.4.4 Government
    • 6.4.5 Healthcare
    • 6.4.6 Other End-user Industries
  • 6.5 Geography
    • 6.5.1 North America
    • 6.5.1.1 United States
    • 6.5.1.2 Canada
    • 6.5.2 Europe
    • 6.5.2.1 United Kingdom
    • 6.5.2.2 Germany
    • 6.5.2.3 France
    • 6.5.2.4 Rest of Europe
    • 6.5.3 Asia Pacific
    • 6.5.3.1 China
    • 6.5.3.2 Japan
    • 6.5.3.3 India
    • 6.5.3.4 Rest of Asia- Pacific
    • 6.5.4 Latin America
    • 6.5.4.1 Brazil
    • 6.5.4.2 Argentina
    • 6.5.4.3 Mexico
    • 6.5.4.4 Rest of Latin America
    • 6.5.5 Middle-East and Africa
    • 6.5.5.1 United Arab Emirates
    • 6.5.5.2 Saudi Arabia
    • 6.5.5.3 South Africa
    • 6.5.5.4 Rest of Middle-East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Thales Group
    • 7.1.2 On Track Innovation LTD. (OTI)
    • 7.1.3 VeriFone Inc.
    • 7.1.4 Hewlett Packard Enterprise Development LP
    • 7.1.5 Ingenico Group SA
    • 7.1.6 Visiontek Products LLC
    • 7.1.7 PayPal Holdings Inc.
    • 7.1.8 Castles Technologies
    • 7.1.9 ID Tech Solutions
    • 7.1.10 NEC Corporation
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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** Qualitative Analysis
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Contactless Payment Terminals Industry Segmentation

Contactless payment systems are credit cards, debit cards, smart cards, or other devices, including smartphones and other mobile devices that use radio-frequency identification (RFID) or near field communication (NFC), e.g., GooglePay, Apple Pay, Fitbit Pay, Murphy, or any bank mobile application that support contactless technology for making secure payments.

The Contactless Payment Terminals Market is segmented by Technology (Bluetooth, Infrared, Carrier-based, and Wi-Fi), Payment Method (Account-based, Credit/Debit Card, Stored Value, and Smart Card), Device (Integrated POS, mPOS, PDA, Unattended Terminal, and Contactless Reader), End-user Industry (Retail, Transportation, Banking, Government, and Healthcare), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Technology Bluetooth
Infrared
Carrier-based
Wi-Fi
Other Technologies
Payment Mode Account-based
Credit/Debit Card
Stored Value
Smart Card
Other Payment Modes
Device Integrated POS
mPOS
PDA
Unattended Terminal
Contactless Reader
Other Devices
End-user Industry Retail
Transportation
Banking
Government
Healthcare
Other End-user Industries
Geography North America United States
Canada
Europe United Kingdom
Germany
France
Rest of Europe
Asia Pacific China
Japan
India
Rest of Asia- Pacific
Latin America Brazil
Argentina
Mexico
Rest of Latin America
Middle-East and Africa United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Contactless Payment Terminals Market Research FAQs

How big is the Contactless Payment Terminals Market?

The Contactless Payment Terminals Market size is expected to reach USD 46.29 billion in 2025 and grow at a CAGR of 15.92% to reach USD 96.88 billion by 2030.

What is the current Contactless Payment Terminals Market size?

In 2025, the Contactless Payment Terminals Market size is expected to reach USD 46.29 billion.

Who are the key players in Contactless Payment Terminals Market?

OTI Global, VeriFone Systems Inc., Hewlett Packard Enteprise, Ingenico Group SA and Thales Group are the major companies operating in the Contactless Payment Terminals Market.

Which is the fastest growing region in Contactless Payment Terminals Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Contactless Payment Terminals Market?

In 2025, the Europe accounts for the largest market share in Contactless Payment Terminals Market.

What years does this Contactless Payment Terminals Market cover, and what was the market size in 2024?

In 2024, the Contactless Payment Terminals Market size was estimated at USD 38.92 billion. The report covers the Contactless Payment Terminals Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Contactless Payment Terminals Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Contactless Payment Terminals Industry Report

Statistics for the 2025 Contactless Payment Terminals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Contactless Payment Terminals analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Contactless Payment Terminals Market Report Snapshots