Global Contactless Payments Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast

Visa To Launch Contactless Payment Wristbands At Eurovision Contest In Collaboration With Gemalto
Gemalto, the world leader in digital technology has announced its collaboration with the one of the largest global payment providers, Visa to provide people with the contactless payment wristbands. Due to the continuous advancements in technology, such an innovative solution would prove a boon to authenticate and protect the data so that they remain safe in the personalized devices and places. Gemalto's solution for Visa encompasses personalization, packaging and fulfilment of the contactless wristbands.  Its integrated solution ensures that Visa will be able to showcase contactless experiences, including shopping without carrying cash or payment cards. Gemalto has provided a responsive website that enables access to real-time account information including prepaid balances and history. The wristbands can be used to make payments at any Visa ready contactless POS terminal in the world.
http://www.channelworld.in/content/visa-launch-contactless-payment-wristbands-eurovision-contest-collaboration-gemalto

Global Payments Partners With Mobeewave To Offer Innovative Add-On-Free Mobile Payment Acceptance Solution
Worldwide leading payment technology services provider, Global Payments Inc. has partnered with a technology provider company, Mobeewave. The aim of the partnership is to provide anew contactless mobile payment acceptance solution. This new solution will help to provide the required security and safeguard the transactions without the requirement for the in-person involvement in it. The solution should not require the assistance of any credit card or mobile wallet. In addition, the need of any ATM reading machine or dongle be eliminated.
https://investors.globalpaymentsinc.com/releasedetail.cfm?ReleaseID=950918
 
Global Payments And Caixabank Announce Central And Eastern European Joint Venture With Erste Group Bank
Global Payments Inc., a leading worldwide provider of payment technology services CaixaBank, Spain's largest bank by market share, and Erste Group Bank AG, a leading financial services provider in Central and Eastern Europe (CEE), announced an agreement to form a joint venture to provide merchant acquiring and payment services in three core locations in Central and Eastern Europe: Czech Republic, Slovakia and Romania. The joint venture shall assist Global Payments Inc., expand their direct distribution footprint in Europe with leading financial partners, catalyze capabilities to service multinational customers across the common European payments area and leverage the global product and service offering to Erste Group Bank's merchants. The partnership would mean accelerated growth in the European business in the coming time. In case of CaixaBank, it would fortify its international presence by harnessing two of its biggest strengths: its capacity for technological innovation, for which it has earned global renown, and collaboration with international partners such as Global Payments and Erste Group Bank.
https://investors.globalpaymentsinc.com/releasedetail.cfm?ReleaseID=923902
 
OT Partners With Mondaine To Offer Watch Contactless Payments
A leading global provider of embedded security software products and services, Oberthur Technologies has announced its partnership with a leading watchmaker brand Mondaine to offer contactless payment services via the watch. The aim is to provide the world’s first contactless payment chip the size of a SIM card for the watch market. The advantage of this card is that it is independent of the watch and has to be inserted into the watch band or loop. Also, the other unique factor is that one can be able to switch the pay chip between two watches ease. Its these unlike features provides it an upper hand with the various other contactless payment devices in the market.
http://www.oberthur.com/ot-partners-with-mondaine-to-offer-watch-contactless-payments
 
OT Extends Its Wearables Offer With A New Contactless Payment Sticker
Oberthur Technologies (OT), a world leader in digital security solutions has added another unique product to its wide range for the ease of the consumers. It has launched a new a new contactless Visa and MasterCard-approved payment sticker from its Flybuy wearables range. It can be pasted onto any mobile phone to convert it into a payment support and is fully secured as it relies on EMV technology. For those who do not have NFC-compatible phones, OT offers a Visa and MasterCard-approved payment sticker, bringing ease of use, security and convenience.  End-users just have to wave their phone in front of a contactless terminal to make a fast and convenient payment. OT also provides issuers and their customers with a guide of recommended sticker locations for the most common handsets (top, bottom, vertical, horizontal, etc.).
http://www.oberthur.com/ot-extends-its-wearables-offer-with-a-new-contactless-payment-sticker/
 
Wirecard And Visa Europe Offer Contactless Payment Via Wristband
Wirecard and Visa Europe have come up with the contactless wristbands which offer contactless payment facilities. The Visa contactless wristband is an exclusive limited edition product and issued by Wirecard Card Solutions. After getting one’s wristbands, users can activate their wristband via a webpage and top-up the wristband with a credit or debit card powered by Visa or MasterCard. All wristbands are ready for immediate use after activation and loading is completed. 
https://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-and-visa-europe-offer-contactless-payment-via-wristband/
 
Global Payments Offers A Full Range Of EMV Certified Mobile Solutions
Global Payments Inc., a leading worldwide provider of payment technology services now offers its U.S. customers a comprehensive suite of mobile products to include Mobile Register, an industry-leading tablet solution that allows customers to take advantage of EMV, Samsung Pay and contactless technology services such as Apple Pay® and Android Pay™. In addition, Global Payments offers Mobile Pay, a mobile point of sale utilizing a card reader and app, that allows merchants to accept EMV chip card payments from their iPhone®, iPad® or Android phone or tablet. They are among the first to market a full range of EMV certified mobile solutions delivering exceptional functionality. This is also one such facility offered by them to their consumers for the safeguarding the identities and keeping the data secure along with the ease in the payment transactions.
https://investors.globalpaymentsinc.com/releasedetail.cfm?ReleaseID=950918
 
Société Générale Launches Its Contactless Payment Service In Strasbourg, France With Oberthur Technologies
One of the world’s largest providers of security and identification solutions, Oberthur Technologies has commenced its partnership with Société Générale, one of the largest European financial services groups. The goal of their collaboration is to provide the bank’s first NFC Visa payment service in Strasbourg, France. The companies strive to develop innovative ideas for the ease of their consumers.
http://www.oberthur.com/sosciete-generale-launches-its-contactless-payment-service-in-strasbourg/
 
Boubyan Bank Offers The First Contactless Payment Cards To Kuwait Thanks To OT
Oberthur Technologies (OT), a leading global provider of security solutions and services has announced its selection by Boubyan Bank, a leading bank in Kuwait to offer the first contactless payment cards. In order to offer its customers innovation and cutting-edge technology, Boubyan Bank has decided to market new contactless payment cards, provided by OT. The work of the customers is made easy as they just need to wave their contactless payment card in front of a contactless terminal. The first contactless terminals are expected in 2016.
http://www.oberthur.com/boubyan-bank-offers-the-first-contactless-payment-cards-to-kuwait-thanks-to-ot/
 
Wirecard And AEVI Agree Strategic Partnership
Wirecard AG has developed a partnership with AEVI International GmbH, a subsidiary of Wincor Nixdorf, the world’s leading provider of IT solutions for commercial enterprises and retail banks. As per the collaboration details, Wirecard will implement AEVI’s payment terminal “Albert” and support this in the form of payment and acquiring services. Albert is a multifunctional payment tablet based on the Android platform, which features an integrated card reader and receipt printer, as well as a module to encrypt touchscreen PIN entry. The device can handle all common physical and digital card payments in accordance with PCI standards. This includes Chip and PIN, Swipe and Sign as well as contactless payments using near field communication (NFC) technology. The state-of-the-art interactive terminal features Bluetooth Low Energy (BLE) technology, 3G and Wi-Fi. Businesses in all industries, including retail, gastronomy and the hotel industry shall be offered full flexibility. In addition to payment acceptance at the POS, retailers can also use the app to centralize their back office processes, run their loyalty programmes and handle multichannel stock management.
https://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-and-aevi-agree-strategic-partnership/
 
Boon By Wirecard Now Available In Spain And Ireland
Boon is a simple, easy and all round protected solution offered by Wirecard. This new mobile payment solution boon is now available on Android smartphones in Spain and Ireland. The app enables smartphone payments at any NFC-capable point-of-sale terminal which accepts MasterCard Contactless payments. Many merchants and convenience stores already accept cashless and contactless payments. One just needs to wave the card in front of the NFC-capable device without the further requirement of any card or mobile wallet. The solution is available to anybody with an NFC-enabled Android smartphone with OS 4.4 or above. The various features of the boon: high-level security, a transparent overview of all transactions made in real time and Host Card Emulation (HCE) technology that provides the additional security to the transaction.
https://www.wirecard.com/newsroom/press-releases/newsdetail/boon-by-wirecard-now-available-in-spain-and-ireland/
 
Global Payments Partners With Talech To Offer Industry-Leading EMV Tablet Solution To U.S. Merchants
Global Payments Inc., a leading worldwide provider of payment technology services has signed an agreement with Talech Inc., a cloud-based POS solution. The goal of the transaction is to offer its U.S. merchants an industry-leading tablet solution which, when coupled with the Ingenico iCMP device, provides them the advantage to use the services provided by both EMV and contactless technology services. The EMV solution is designed to offer Global Payments' U.S. customers security and flexibility in a wide variety of applications with a single device. Customers using Talech's cloud-based POS can accept all payment types including swipe, chip-and-pin, chip-and-signature, as well as contactless transactions via Apple Pay®, Android Pay™ and Samsung Pay with an iPad®.
https://investors.globalpaymentsinc.com/releasedetail.cfm?ReleaseID=943946
 

Contactless payments are secured cashless imbursement through various system/payment instruments. These systems are facilitated with an embedded chip and antennas that help customers at the sale’s terminal. These payment systems include credit cards, debit cards, key fobs, smart cards or other devices that include smartphones and mobile devices.  
 
Technologies such as radio-frequency identification (RFID) and near field communication (NFC) are used to make contactless transactions. EMV (Europay, MasterCard® and Visa®) chips are the leading contactless payments mechanism used worldwide. These chips aid in combating deceptive actions. Moreover, it helps in protecting sensitive payment information during transaction. Therefore, it allows fast transaction as no monogram or PIN authentication is essential for imbursement over the conventional mode. According to the UK Cards Association, in March 2016 about £1,508.4 million was spent through contactless payments mode by UK inhabitants. In addition, it is observed that debit cards were more preferred over other payment instruments in UK.    
 
Trending use of internet shopping, QR & ID codes and mobile banking services have empowered the growth in contactless payments market. E-commerce has amplified the demand for contactless payments owing to the ease of transaction. Moreover, financial service providers are aiming at an expedient payment mechanism to provide better services to the customers. However, cash transactions are still preferred by customers owing to threats of cyber-attacks and resistance to technological upgradation in the disbursement mode. North America is the leading geography followed by Europe in the contactless payments market. Asia Pacific is a rapidly emerging market in this industry owing to the rising adoption and preference of e-commerce.  
 

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