Global NFC Payments Market Research Report 2023

NFC Payments Market

NFC payments are contactless payments, which use near-field communication (NFC) technology to share data among readers and mobile systems such as Apple Pay and Android Pay eWallets and EMV chip cards. NFC transactions are authenticated and extremely protected and the NFC devices must be near together to proceed with transaction. The moment when payment and reader devices are brought close together and activated, NFC chips interchange cryptographic data to render the transfer complete. The cycle produces a lightning-fast transaction loop, which is both easy and one of the most reliable forms of payment.

The global NFC Payments market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for NFC Payments is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for NFC Payments is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for NFC Payments in Retail is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of NFC Payments include Google Pay, LifeLock Wallet, Mastercard Incorporated, The American Express Company, Visa Inc., Apple Pay, PayPal Payments Private Limited, Capital One Financial Corporation and The Bank of America Corporation, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for NFC Payments, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding NFC Payments.

The NFC Payments market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global NFC Payments market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the NFC Payments companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Scope of NFC Payments Market Report

Core Chapters

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global NFC Payments Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Solutions

1.2.3 Service

1.3 Market by Application

1.3.1 Global NFC Payments Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Retail

1.3.3 Healthcare

1.3.4 Hospitality

1.3.5 Energy & Utilities

1.3.6 Transportation & Logistics

1.3.7 BFSI

1.3.8 Others

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global NFC Payments Market Perspective (2018-2029)

2.2 NFC Payments Growth Trends by Region

2.2.1 Global NFC Payments Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 NFC Payments Historic Market Size by Region (2018-2023)

2.2.3 NFC Payments Forecasted Market Size by Region (2024-2029)

2.3 NFC Payments Market Dynamics

2.3.1 NFC Payments Industry Trends

2.3.2 NFC Payments Market Drivers

2.3.3 NFC Payments Market Challenges

2.3.4 NFC Payments Market Restraints

3.1 Global Top NFC Payments Players by Revenue

3.1.1 Global Top NFC Payments Players by Revenue (2018-2023)

3.1.2 Global NFC Payments Revenue Market Share by Players (2018-2023)

3.2 Global NFC Payments Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by NFC Payments Revenue

3.4 Global NFC Payments Market Concentration Ratio

3.4.1 Global NFC Payments Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by NFC Payments Revenue in 2022

3.5 NFC Payments Key Players Head office and Area Served

3.6 Key Players NFC Payments Product Solution and Service

3.7 Date of Enter into NFC Payments Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global NFC Payments Historic Market Size by Type (2018-2023)

4.2 Global NFC Payments Forecasted Market Size by Type (2024-2029)

5.1 Global NFC Payments Historic Market Size by Application (2018-2023)

5.2 Global NFC Payments Forecasted Market Size by Application (2024-2029)

6.1 North America NFC Payments Market Size (2018-2029)

6.2 North America NFC Payments Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America NFC Payments Market Size by Country (2018-2023)

6.4 North America NFC Payments Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe NFC Payments Market Size (2018-2029)

7.2 Europe NFC Payments Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe NFC Payments Market Size by Country (2018-2023)

7.4 Europe NFC Payments Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific NFC Payments Market Size (2018-2029)

8.2 Asia-Pacific NFC Payments Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific NFC Payments Market Size by Region (2018-2023)

8.4 Asia-Pacific NFC Payments Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America NFC Payments Market Size (2018-2029)

9.2 Latin America NFC Payments Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America NFC Payments Market Size by Country (2018-2023)

9.4 Latin America NFC Payments Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa NFC Payments Market Size (2018-2029)

10.2 Middle East & Africa NFC Payments Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa NFC Payments Market Size by Country (2018-2023)

10.4 Middle East & Africa NFC Payments Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Google Pay

11.1.1 Google Pay Company Detail

11.1.2 Google Pay Business Overview

11.1.3 Google Pay NFC Payments Introduction

11.1.4 Google Pay Revenue in NFC Payments Business (2018-2023)

11.1.5 Google Pay Recent Development

11.2 LifeLock Wallet

11.2.1 LifeLock Wallet Company Detail

11.2.2 LifeLock Wallet Business Overview

11.2.3 LifeLock Wallet NFC Payments Introduction

11.2.4 LifeLock Wallet Revenue in NFC Payments Business (2018-2023)

11.2.5 LifeLock Wallet Recent Development

11.3 Mastercard Incorporated

11.3.1 Mastercard Incorporated Company Detail

11.3.2 Mastercard Incorporated Business Overview

11.3.3 Mastercard Incorporated NFC Payments Introduction

11.3.4 Mastercard Incorporated Revenue in NFC Payments Business (2018-2023)

11.3.5 Mastercard Incorporated Recent Development

11.4 The American Express Company

11.4.1 The American Express Company Company Detail

11.4.2 The American Express Company Business Overview

11.4.3 The American Express Company NFC Payments Introduction

11.4.4 The American Express Company Revenue in NFC Payments Business (2018-2023)

11.4.5 The American Express Company Recent Development

11.5 Visa Inc.

11.5.1 Visa Inc. Company Detail

11.5.2 Visa Inc. Business Overview

11.5.3 Visa Inc. NFC Payments Introduction

11.5.4 Visa Inc. Revenue in NFC Payments Business (2018-2023)

11.5.5 Visa Inc. Recent Development

11.6 Apple Pay

11.6.1 Apple Pay Company Detail

11.6.2 Apple Pay Business Overview

11.6.3 Apple Pay NFC Payments Introduction

11.6.4 Apple Pay Revenue in NFC Payments Business (2018-2023)

11.6.5 Apple Pay Recent Development

11.7 PayPal Payments Private Limited

11.7.1 PayPal Payments Private Limited Company Detail

11.7.2 PayPal Payments Private Limited Business Overview

11.7.3 PayPal Payments Private Limited NFC Payments Introduction

11.7.4 PayPal Payments Private Limited Revenue in NFC Payments Business (2018-2023)

11.7.5 PayPal Payments Private Limited Recent Development

11.8 Capital One Financial Corporation

11.8.1 Capital One Financial Corporation Company Detail

11.8.2 Capital One Financial Corporation Business Overview

11.8.3 Capital One Financial Corporation NFC Payments Introduction

11.8.4 Capital One Financial Corporation Revenue in NFC Payments Business (2018-2023)

11.8.5 Capital One Financial Corporation Recent Development

11.9 The Bank of America Corporation

11.9.1 The Bank of America Corporation Company Detail

11.9.2 The Bank of America Corporation Business Overview

11.9.3 The Bank of America Corporation NFC Payments Introduction

11.9.4 The Bank of America Corporation Revenue in NFC Payments Business (2018-2023)

11.9.5 The Bank of America Corporation Recent Development

11.10 Payoneer Inc.

11.10.1 Payoneer Inc. Company Detail

11.10.2 Payoneer Inc. Business Overview

11.10.3 Payoneer Inc. NFC Payments Introduction

11.10.4 Payoneer Inc. Revenue in NFC Payments Business (2018-2023)

11.10.5 Payoneer Inc. Recent Development

11.11 Stripe

11.11.1 Stripe Company Detail

11.11.2 Stripe Business Overview

11.11.3 Stripe NFC Payments Introduction

11.11.4 Stripe Revenue in NFC Payments Business (2018-2023)

11.11.5 Stripe Recent Development

11.12 Due Inc.

11.12.1 Due Inc. Company Detail

11.12.2 Due Inc. Business Overview

11.12.3 Due Inc. NFC Payments Introduction

11.12.4 Due Inc. Revenue in NFC Payments Business (2018-2023)

11.12.5 Due Inc. Recent Development

11.13 Samsung Pay

11.13.1 Samsung Pay Company Detail

11.13.2 Samsung Pay Business Overview

11.13.3 Samsung Pay NFC Payments Introduction

11.13.4 Samsung Pay Revenue in NFC Payments Business (2018-2023)

11.13.5 Samsung Pay Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global NFC Payments Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Solutions

    Table 3. Key Players of Service

    Table 4. Global NFC Payments Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 5. Global NFC Payments Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global NFC Payments Market Size by Region (2018-2023) & (US$ Million)

    Table 7. Global NFC Payments Market Share by Region (2018-2023)

    Table 8. Global NFC Payments Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 9. Global NFC Payments Market Share by Region (2024-2029)

    Table 10. NFC Payments Market Trends

    Table 11. NFC Payments Market Drivers

    Table 12. NFC Payments Market Challenges

    Table 13. NFC Payments Market Restraints

    Table 14. Global NFC Payments Revenue by Players (2018-2023) & (US$ Million)

    Table 15. Global NFC Payments Market Share by Players (2018-2023)

    Table 16. Global Top NFC Payments Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in NFC Payments as of 2022)

    Table 17. Ranking of Global Top NFC Payments Companies by Revenue (US$ Million) in 2022

    Table 18. Global 5 Largest Players Market Share by NFC Payments Revenue (CR5 and HHI) & (2018-2023)

    Table 19. Key Players Headquarters and Area Served

    Table 20. Key Players NFC Payments Product Solution and Service

    Table 21. Date of Enter into NFC Payments Market

    Table 22. Mergers & Acquisitions, Expansion Plans

    Table 23. Global NFC Payments Market Size by Type (2018-2023) & (US$ Million)

    Table 24. Global NFC Payments Revenue Market Share by Type (2018-2023)

    Table 25. Global NFC Payments Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 26. Global NFC Payments Revenue Market Share by Type (2024-2029)

    Table 27. Global NFC Payments Market Size by Application (2018-2023) & (US$ Million)

    Table 28. Global NFC Payments Revenue Market Share by Application (2018-2023)

    Table 29. Global NFC Payments Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 30. Global NFC Payments Revenue Market Share by Application (2024-2029)

    Table 31. North America NFC Payments Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 32. North America NFC Payments Market Size by Country (2018-2023) & (US$ Million)

    Table 33. North America NFC Payments Market Size by Country (2024-2029) & (US$ Million)

    Table 34. Europe NFC Payments Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 35. Europe NFC Payments Market Size by Country (2018-2023) & (US$ Million)

    Table 36. Europe NFC Payments Market Size by Country (2024-2029) & (US$ Million)

    Table 37. Asia-Pacific NFC Payments Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 38. Asia-Pacific NFC Payments Market Size by Region (2018-2023) & (US$ Million)

    Table 39. Asia-Pacific NFC Payments Market Size by Region (2024-2029) & (US$ Million)

    Table 40. Latin America NFC Payments Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 41. Latin America NFC Payments Market Size by Country (2018-2023) & (US$ Million)

    Table 42. Latin America NFC Payments Market Size by Country (2024-2029) & (US$ Million)

    Table 43. Middle East & Africa NFC Payments Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 44. Middle East & Africa NFC Payments Market Size by Country (2018-2023) & (US$ Million)

    Table 45. Middle East & Africa NFC Payments Market Size by Country (2024-2029) & (US$ Million)

    Table 46. Google Pay Company Detail

    Table 47. Google Pay Business Overview

    Table 48. Google Pay NFC Payments Product

    Table 49. Google Pay Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 50. Google Pay Recent Development

    Table 51. LifeLock Wallet Company Detail

    Table 52. LifeLock Wallet Business Overview

    Table 53. LifeLock Wallet NFC Payments Product

    Table 54. LifeLock Wallet Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 55. LifeLock Wallet Recent Development

    Table 56. Mastercard Incorporated Company Detail

    Table 57. Mastercard Incorporated Business Overview

    Table 58. Mastercard Incorporated NFC Payments Product

    Table 59. Mastercard Incorporated Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 60. Mastercard Incorporated Recent Development

    Table 61. The American Express Company Company Detail

    Table 62. The American Express Company Business Overview

    Table 63. The American Express Company NFC Payments Product

    Table 64. The American Express Company Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 65. The American Express Company Recent Development

    Table 66. Visa Inc. Company Detail

    Table 67. Visa Inc. Business Overview

    Table 68. Visa Inc. NFC Payments Product

    Table 69. Visa Inc. Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 70. Visa Inc. Recent Development

    Table 71. Apple Pay Company Detail

    Table 72. Apple Pay Business Overview

    Table 73. Apple Pay NFC Payments Product

    Table 74. Apple Pay Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 75. Apple Pay Recent Development

    Table 76. PayPal Payments Private Limited Company Detail

    Table 77. PayPal Payments Private Limited Business Overview

    Table 78. PayPal Payments Private Limited NFC Payments Product

    Table 79. PayPal Payments Private Limited Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 80. PayPal Payments Private Limited Recent Development

    Table 81. Capital One Financial Corporation Company Detail

    Table 82. Capital One Financial Corporation Business Overview

    Table 83. Capital One Financial Corporation NFC Payments Product

    Table 84. Capital One Financial Corporation Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 85. Capital One Financial Corporation Recent Development

    Table 86. The Bank of America Corporation Company Detail

    Table 87. The Bank of America Corporation Business Overview

    Table 88. The Bank of America Corporation NFC Payments Product

    Table 89. The Bank of America Corporation Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 90. The Bank of America Corporation Recent Development

    Table 91. Payoneer Inc. Company Detail

    Table 92. Payoneer Inc. Business Overview

    Table 93. Payoneer Inc. NFC Payments Product

    Table 94. Payoneer Inc. Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 95. Payoneer Inc. Recent Development

    Table 96. Stripe Company Detail

    Table 97. Stripe Business Overview

    Table 98. Stripe NFC Payments Product

    Table 99. Stripe Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 100. Stripe Recent Development

    Table 101. Due Inc. Company Detail

    Table 102. Due Inc. Business Overview

    Table 103. Due Inc. NFC Payments Product

    Table 104. Due Inc. Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 105. Due Inc. Recent Development

    Table 106. Samsung Pay Company Detail

    Table 107. Samsung Pay Business Overview

    Table 108. Samsung Pay NFC Payments Product

    Table 109. Samsung Pay Revenue in NFC Payments Business (2018-2023) & (US$ Million)

    Table 110. Samsung Pay Recent Development

    Table 111. Research Programs/Design for This Report

    Table 112. Key Data Information from Secondary Sources

    Table 113. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global NFC Payments Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global NFC Payments Market Share by Type: 2022 VS 2029

    Figure 3. Solutions Features

    Figure 4. Service Features

    Figure 5. Global NFC Payments Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 6. Global NFC Payments Market Share by Application: 2022 VS 2029

    Figure 7. Retail Case Studies

    Figure 8. Healthcare Case Studies

    Figure 9. Hospitality Case Studies

    Figure 10. Energy & Utilities Case Studies

    Figure 11. Transportation & Logistics Case Studies

    Figure 12. BFSI Case Studies

    Figure 13. Others Case Studies

    Figure 14. NFC Payments Report Years Considered

    Figure 15. Global NFC Payments Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 16. Global NFC Payments Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 17. Global NFC Payments Market Share by Region: 2022 VS 2029

    Figure 18. Global NFC Payments Market Share by Players in 2022

    Figure 19. Global Top NFC Payments Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in NFC Payments as of 2022)

    Figure 20. The Top 10 and 5 Players Market Share by NFC Payments Revenue in 2022

    Figure 21. North America NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. North America NFC Payments Market Share by Country (2018-2029)

    Figure 23. United States NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. Canada NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. Europe NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Europe NFC Payments Market Share by Country (2018-2029)

    Figure 27. Germany NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. France NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. U.K. NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Italy NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Russia NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. Nordic Countries NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Asia-Pacific NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. Asia-Pacific NFC Payments Market Share by Region (2018-2029)

    Figure 35. China NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Japan NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. South Korea NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Southeast Asia NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. India NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Australia NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Latin America NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Latin America NFC Payments Market Share by Country (2018-2029)

    Figure 43. Mexico NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Brazil NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Middle East & Africa NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 46. Middle East & Africa NFC Payments Market Share by Country (2018-2029)

    Figure 47. Turkey NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 48. Saudi Arabia NFC Payments Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 49. Google Pay Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 50. LifeLock Wallet Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 51. Mastercard Incorporated Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 52. The American Express Company Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 53. Visa Inc. Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 54. Apple Pay Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 55. PayPal Payments Private Limited Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 56. Capital One Financial Corporation Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 57. The Bank of America Corporation Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 58. Payoneer Inc. Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 59. Stripe Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 60. Due Inc. Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 61. Samsung Pay Revenue Growth Rate in NFC Payments Business (2018-2023)

    Figure 62. Bottom-up and Top-down Approaches for This Report

    Figure 63. Data Triangulation

    Figure 64. Key Executives Interviewed