The Europe Dual Interface Payment Card Market would witness market growth of 16.3% CAGR during the forecast period (2022-2028).
The financial payments sector has built numerous layers of security into the conventional credit and debit payment systems because contactless payment devices are made to share data with a payment terminal utilizing RF technology. This is done to safeguard everyone implicated in the payment transaction. The majority of these security precautions are applied to magnetic stripe, EMV chip, and contactless transactions and are irrespective of the technology utilized to transmit customer payment bank details from the payment card or gadget to the merchant POS terminal.
The fabrication of dual interface payment cards is made possible by the ongoing improvements in payment card chips offered by technological companies. Consumers may now conduct contactless payments in a seamless manner thanks to the integration of numerous technologies, including Near Field Communication (NFC) and Radio Frequency Identification (RFID), into dual interface cards. Thus, during the course of the forecast period, it is anticipated that such developments in the sector would fuel growth.
Finland boasts a cutting-edge banking industry. Customers have embraced the new banking methods and creative solutions where banks have developed services using new technologies. Banking in Finland is distinct from banking in the rest of Europe. For instance, 92 percent of all adults in Finland make their payments mostly online. Nearly all business-to-business payments are transmitted electronically. There are many contactless payment products available, thus in order to assist company owners, they have developed a list of a few possible choices.
The Germany market dominated the Europe Dual Interface Payment Card Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,190 million by 2028. The UK market is anticipated to grow a CAGR of 15.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 17.2% during (2022 - 2028).
Based on Type, the market is segmented into Plastic and Metal. Based on End Use, the market is segmented into Retail, Transportation, Healthcare, Hospitality, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Dual Interface Payment Card Market will Hit $17.9 Billion by 2028, at a CAGR of 16.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., IDEMIA SAS (Advent International, Inc.), CPI Card Group (Parallel49 Equity), Giesecke & Devrient GmbH, Watchdata Co., Ltd., Eastcompeace Technology Co., Ltd. (Potevio Group), Paragon Group Limited, Valid S.A., and Wuhan Tianyu Information Industry Co., Ltd.
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