Report: 18% Annual Contactless-Payments Growth

Technological advancement and consumer adoption will lead to solid growth in contactless payments over the next four years, new research suggests.

The contactless payments industry is set to grow by a compound annual growth rate of up to 18 percent before 2018, a new study from RnRMarketResearch.com suggests.

“The leaders in the contactless-payment market are investing in acquisitions and new technologies to enrich their existing product portfolio and address the increasing demand across a wide range of financial organizations and other merchants,” the research firm wrote in its press release.

To learn more about the results, read the full press release by clicking here.

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