LAMEA Proximity Payment Market By Offering (Solution and Services), By Application (Grocery Stores, Drug Stores, Bars & Restaurants, Entertainment Centers, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027

The Latin America, Middle East and Africa Proximity Payment Market would witness market growth of 16% CAGR during the forecast period (2021-2027).

Proximity payment offers a host of benefits such as Real-time transaction processing, decreased transaction time, the flexibility of payment devices, and higher convenience. This factor acts as a major catalyst for the growth & demand of proximity payment in the market. Additionally, customers, as well as retailers, can carry out proximity payment by using their smartphones due to the increased adoption rate of proximity payment among merchants, rise in faster connectivity, and increasing utilization of smartphones.

On the other hand, the growth of the proximity payment market would be hampered by the rising data breaches and problems in the replacement process of the point-of-sale (POS) terminal. However, emerging countries provide growth opportunities for the players operating in the proximity payment market in order to expand their capabilities due to the aspects like faster urbanization, increasing middle-class population, increasing literacy level, and growing tech-savvy youth generation. In addition, the market of proximity payment is expected to boost due to an increasing number of developments and initiatives toward digitalized payments.

The surge in awareness about the benefits of digital payments is expected to encourage key players to enter into the region by launching innovative payment solutions. However, the region comprises of many under-developed and developing countries wherein the number of the smartphone is relatively low and low internet penetration which are expected to hamper the growth of proximity payment market in the last couple of years.

Moreover, the growth of the proximity payment market would be boosted due to the shift in payment awareness and preferences among the customers. Further, the growth of the market would witness bright prospects due to the increase in contactless technologies in various applications like toll booths, vending machines, ticketing, and fuel stations. Thus, these factors are expected to create lucrative growth opportunities for the players operating in the regional proximity payment market.

The Grocery Stores market dominated the South Africa Proximity Payment Market by Application 2020, thereby, achieving a market value of $80.7 million by 2027. The Drug Stores market is showcasing a CAGR of 17.9% during (2021 - 2027). Additionally, The Bars & Restaurants market is poised to grow at a CAGR of 17.2% during (2021 - 2027).

Based on Offering, the market is segmented into Solution and Services. Based on Application, the market is segmented into Grocery Stores, Drug Stores, Bars & Restaurants, Entertainment Centers, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Proximity Payment Market is Predict to reach $26.4 Billion by 2027, at a CAGR of 11.6%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fidelity Information Services (FIS), Inc., PayPal Holdings, Inc., Visa, Inc., Mastercard, Inc., Apple, Inc., Square, Inc., Google, LLC, Ingenico, ACI Worldwide, Inc. and IDEMIA SAS.

Scope of the Study

Market Segments Covered in the Report:

By Offering

• Solution
• Services

By Application

• Grocery Stores
• Drug Stores
• Bars & Restaurants
• Entertainment Centers
• Others

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Fidelity Information Services (FIS), Inc.
• PayPal Holdings, Inc.
• Visa, Inc.
• Mastercard, Inc.
• Apple, Inc.
• Square, Inc.
• Google, LLC
• Ingenico
• ACI Worldwide, Inc.
• IDEMIA SAS

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Proximity Payment Market, by Offering
1.4.2 LAMEA Proximity Payment Market, by Application
1.4.3 LAMEA Proximity Payment Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players

Chapter 4. LAMEA Proximity Payment Market by Offering
4.1 LAMEA Proximity Payment Solution Market by Country
4.2 LAMEA Proximity Payment Services Market by Country

Chapter 5. LAMEA Proximity Payment Market by Application
5.1 LAMEA Grocery Stores Proximity Payment Market by Country
5.2 LAMEA Drug Stores Proximity Payment Market by Country
5.3 LAMEA Bars & Restaurants Proximity Payment Market by Country
5.4 LAMEA Entertainment Centers Proximity Payment Market by Country
5.5 LAMEA Other Application Proximity Payment Market by Country

Chapter 6. LAMEA Proximity Payment Market by Country
6.1 Brazil Proximity Payment Market
6.1.1 Brazil Proximity Payment Market by Offering
6.1.2 Brazil Proximity Payment Market by Application
6.2 Argentina Proximity Payment Market
6.2.1 Argentina Proximity Payment Market by Offering
6.2.2 Argentina Proximity Payment Market by Application
6.3 UAE Proximity Payment Market
6.3.1 UAE Proximity Payment Market by Offering
6.3.2 UAE Proximity Payment Market by Application
6.4 Saudi Arabia Proximity Payment Market
6.4.1 Saudi Arabia Proximity Payment Market by Offering
6.4.2 Saudi Arabia Proximity Payment Market by Application
6.5 South Africa Proximity Payment Market
6.5.1 South Africa Proximity Payment Market by Offering
6.5.2 South Africa Proximity Payment Market by Application
6.6 Nigeria Proximity Payment Market
6.6.1 Nigeria Proximity Payment Market by Offering
6.6.2 Nigeria Proximity Payment Market by Application
6.7 Rest of LAMEA Proximity Payment Market
6.7.1 Rest of LAMEA Proximity Payment Market by Offering
6.7.2 Rest of LAMEA Proximity Payment Market by Application

Chapter 7. Company Profiles
7.1 Fidelity Information Services (FIS), Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Acquisition and Mergers:
7.1.5 SWOT Analysis
7.2 PayPal Holdings, Inc. (eBay)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Acquisition and Mergers:
7.2.5.3 Product Launches and Product Expansions:
7.3 Visa, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Recent strategies and developments:
7.3.3.1 Partnerships, Collaborations, and Agreements:
7.4 Mastercard, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Acquisition and Mergers:
7.4.4.3 Geographical Expansions:
7.5 Apple, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Product and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.5.5.2 Acquisition and Mergers:
7.5.6 SWOT Analysis
7.6 Square, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segment and Regional Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Partnerships, Collaborations, and Agreements:
7.6.4.2 Product Launches and Product Expansions:
7.6.4.3 Acquisition and Mergers:
7.6.4.4 Geographical Expansions:
7.7 Google, LLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Acquisition and Mergers:
7.7.5.2 Geographical Expansions:
7.7.6 SWOT Analysis
7.8 Ingenico (Worldline)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Partnerships, Collaborations, and Agreements:
7.8.4.2 Product Launches and Product Expansions:
7.9 ACI Worldwide, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional & Segmental Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent strategies and developments:
7.9.5.1 Partnerships, Collaborations, and Agreements:
7.9.5.2 Product Launches and Product Expansions:
7.9.6 SWOT analysis
7.10. IDEMIA SAS (Advent International, Inc.)
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:
7.10.2.2 Acquisition and Mergers:

TABLE 1 LAMEA Proximity Payment Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Proximity Payment Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Proximity Payment Market
TABLE 4 Product Launches And Product Expansions– Proximity Payment Market
TABLE 5 Acquisition and Mergers– Proximity Payment Market
TABLE 6 LAMEA Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 7 LAMEA Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 8 LAMEA Proximity Payment Solution Market by Country, 2017 - 2020, USD Million
TABLE 9 LAMEA Proximity Payment Solution Market by Country, 2021 - 2027, USD Million
TABLE 10 LAMEA Proximity Payment Services Market by Country, 2017 - 2020, USD Million
TABLE 11 LAMEA Proximity Payment Services Market by Country, 2021 - 2027, USD Million
TABLE 12 LAMEA Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 13 LAMEA Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 14 LAMEA Grocery Stores Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 15 LAMEA Grocery Stores Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 16 LAMEA Drug Stores Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Drug Stores Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Bars & Restaurants Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 19 LAMEA Bars & Restaurants Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 20 LAMEA Entertainment Centers Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 21 LAMEA Entertainment Centers Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 22 LAMEA Other Application Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 23 LAMEA Other Application Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 24 LAMEA Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 25 LAMEA Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 26 Brazil Proximity Payment Market, 2017 - 2020, USD Million
TABLE 27 Brazil Proximity Payment Market, 2021 - 2027, USD Million
TABLE 28 Brazil Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 29 Brazil Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 30 Brazil Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 31 Brazil Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 32 Argentina Proximity Payment Market, 2017 - 2020, USD Million
TABLE 33 Argentina Proximity Payment Market, 2021 - 2027, USD Million
TABLE 34 Argentina Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 35 Argentina Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 36 Argentina Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 37 Argentina Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 38 UAE Proximity Payment Market, 2017 - 2020, USD Million
TABLE 39 UAE Proximity Payment Market, 2021 - 2027, USD Million
TABLE 40 UAE Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 41 UAE Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 42 UAE Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 43 UAE Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 44 Saudi Arabia Proximity Payment Market, 2017 - 2020, USD Million
TABLE 45 Saudi Arabia Proximity Payment Market, 2021 - 2027, USD Million
TABLE 46 Saudi Arabia Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 47 Saudi Arabia Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 48 Saudi Arabia Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 49 Saudi Arabia Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 50 South Africa Proximity Payment Market, 2017 - 2020, USD Million
TABLE 51 South Africa Proximity Payment Market, 2021 - 2027, USD Million
TABLE 52 South Africa Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 53 South Africa Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 54 South Africa Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 55 South Africa Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 56 Nigeria Proximity Payment Market, 2017 - 2020, USD Million
TABLE 57 Nigeria Proximity Payment Market, 2021 - 2027, USD Million
TABLE 58 Nigeria Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 59 Nigeria Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 60 Nigeria Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 61 Nigeria Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 62 Rest of LAMEA Proximity Payment Market, 2017 - 2020, USD Million
TABLE 63 Rest of LAMEA Proximity Payment Market, 2021 - 2027, USD Million
TABLE 64 Rest of LAMEA Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 65 Rest of LAMEA Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 66 Rest of LAMEA Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 67 Rest of LAMEA Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 68 Key Information – Fidelity Information Services (FIS), Inc.
TABLE 69 Key Information – PayPal Holdings, Inc.
TABLE 70 Key Information – Visa, Inc.
TABLE 71 key Information – Mastercard, Inc.
TABLE 72 Key Information – Apple, Inc.
TABLE 73 key information – Square, Inc.
TABLE 74 Key Information – Google, LLc
TABLE 75 Key Information – Ingenico
TABLE 76 Key information – ACI Worldwide, Inc.
TABLE 77 Key Information – IDEMIA SAS

List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
FIG 5 Swot analysis: fidelity information services (fis), inc.
FIG 6 Recent strategies and developments: PayPal Holdings, Inc.
FIG 7 Recent strategies and developments: Mastercard, Inc.
FIG 8 SWOT Analysis: apple, Inc.
FIG 9 Recent strategies and developments: Square, Inc.
FIG 10 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 11 Recent strategies and developments: ACI Worldwide, Inc.
FIG 12 swot analysis: aci worldwide, inc.
FIG 13 Recent strategies and developments: IDEMIA Group SAS