The Europe Proximity Payment Market would witness market growth of 10% CAGR during the forecast period (2021-2027).
Proximity payments refer to payments made by smartphones wherein the payer and the payee are in close proximity and where the communication between their devices establishes with the help of a proximity technology like Quick Response (QR) codes, near field communication (NFC), Bluetooth technology, and others. Moreover, the proximity payments family comprises mobile contactless payments. In addition, the primary payment instrument could be a card or credit transfer. Customer-to-Business (made to a merchant store, on public transport, or at car parking) and person-to-person both are included in mobile proximity payments.
Some catalysts for the growth of proximity payment are the growing demand from merchants and consumers to decrease billing and transaction time. However, merchants, as well as consumers, are facing many challenges like security and safety concerns. On the other hand, several aspects like an increase in government initiatives and current developments in networking infrastructures for the development of smart solutions would fuel the growth of the proximity payment market during the forecasting period. A number of government bodies around the world are motivating their merchants to install modern payment solutions.
Banks in Europe have put efforts to introduce a European payment initiative. This initiative aimed to develop a unified payment solution for merchants and consumers across Europe. These initiatives would open new growth avenues for the players operating in the regional market during the forecasting period. In addition, the digital campaign introduced by the Italian government aimed to boost electronic payments in the country.
There are many benefits of digital payment in comparison to conventional payment methods like it is a convenient, easy, and accessible mode of payment for the customers. These digital payments also help in reducing the issues such as pickpocketing, theft, and losses. Cash-based purchases are mostly irreversible but digital payments are more user-friendly and hence provide an easy return policy for the customers. The utilization of application program interface (API), blockchain, and mobile wallet technologies by digital payment make it a smart, real-time, and customized payment method. These technologies also help in improving customer experience and supporting quick, secure & convenient payment methods. Hence, these factors are anticipated to unlock growth prospects for the regional proximity payment market during the forecasting period.
The Germany market dominated the Europe Bars & Restaurants Proximity Payment Market by Country 2020, thereby, achieving a market value of $366.3 million by 2027. The UK market is exhibiting a CAGR of 9.5% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 11.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Proximity Payment Market Size will Hit $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
By Application
- Grocery Stores
- Drug Stores
- Bars & Restaurants
- Entertainment Centers
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Proximity Payment Market, by Offering
1.4.2 Europe Proximity Payment Market, by Application
1.4.3 Europe 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. Europe Proximity Payment Market by Offering
4.1 Europe Proximity Payment Solution Market by Country
4.2 Europe Proximity Payment Services Market by Country
Chapter 5. Europe Proximity Payment Market by Application
5.1 Europe Grocery Stores Proximity Payment Market by Country
5.2 Europe Drug Stores Proximity Payment Market by Country
5.3 Europe Bars & Restaurants Proximity Payment Market by Country
5.4 Europe Entertainment Centers Proximity Payment Market by Country
5.5 Europe Other Application Proximity Payment Market by Country
Chapter 6. Europe Proximity Payment Market by Country
6.1 Germany Proximity Payment Market
6.1.1 Germany Proximity Payment Market by Offering
6.1.2 Germany Proximity Payment Market by Application
6.2 UK Proximity Payment Market
6.2.1 UK Proximity Payment Market by Offering
6.2.2 UK Proximity Payment Market by Application
6.3 France Proximity Payment Market
6.3.1 France Proximity Payment Market by Offering
6.3.2 France Proximity Payment Market by Application
6.4 Russia Proximity Payment Market
6.4.1 Russia Proximity Payment Market by Offering
6.4.2 Russia Proximity Payment Market by Application
6.5 Spain Proximity Payment Market
6.5.1 Spain Proximity Payment Market by Offering
6.5.2 Spain Proximity Payment Market by Application
6.6 Italy Proximity Payment Market
6.6.1 Italy Proximity Payment Market by Offering
6.6.2 Italy Proximity Payment Market by Application
6.7 Rest of Europe Proximity Payment Market
6.7.1 Rest of Europe Proximity Payment Market by Offering
6.7.2 Rest of Europe 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 Europe Proximity Payment Market, 2017 - 2020, USD Million
TABLE 2 Europe 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 Europe Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 7 Europe Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 8 Europe Proximity Payment Solution Market by Country, 2017 - 2020, USD Million
TABLE 9 Europe Proximity Payment Solution Market by Country, 2021 - 2027, USD Million
TABLE 10 Europe Proximity Payment Services Market by Country, 2017 - 2020, USD Million
TABLE 11 Europe Proximity Payment Services Market by Country, 2021 - 2027, USD Million
TABLE 12 Europe Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 13 Europe Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 14 Europe Grocery Stores Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 15 Europe Grocery Stores Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 16 Europe Drug Stores Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 17 Europe Drug Stores Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 18 Europe Bars & Restaurants Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 19 Europe Bars & Restaurants Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 20 Europe Entertainment Centers Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 21 Europe Entertainment Centers Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 22 Europe Other Application Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 23 Europe Other Application Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 24 Europe Proximity Payment Market by Country, 2017 - 2020, USD Million
TABLE 25 Europe Proximity Payment Market by Country, 2021 - 2027, USD Million
TABLE 26 Germany Proximity Payment Market, 2017 - 2020, USD Million
TABLE 27 Germany Proximity Payment Market, 2021 - 2027, USD Million
TABLE 28 Germany Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 29 Germany Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 30 Germany Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 31 Germany Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 32 UK Proximity Payment Market, 2017 - 2020, USD Million
TABLE 33 UK Proximity Payment Market, 2021 - 2027, USD Million
TABLE 34 UK Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 35 UK Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 36 UK Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 37 UK Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 38 France Proximity Payment Market, 2017 - 2020, USD Million
TABLE 39 France Proximity Payment Market, 2021 - 2027, USD Million
TABLE 40 France Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 41 France Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 42 France Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 43 France Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 44 Russia Proximity Payment Market, 2017 - 2020, USD Million
TABLE 45 Russia Proximity Payment Market, 2021 - 2027, USD Million
TABLE 46 Russia Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 47 Russia Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 48 Russia Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 49 Russia Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 50 Spain Proximity Payment Market, 2017 - 2020, USD Million
TABLE 51 Spain Proximity Payment Market, 2021 - 2027, USD Million
TABLE 52 Spain Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 53 Spain Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 54 Spain Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 55 Spain Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 56 Italy Proximity Payment Market, 2017 - 2020, USD Million
TABLE 57 Italy Proximity Payment Market, 2021 - 2027, USD Million
TABLE 58 Italy Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 59 Italy Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 60 Italy Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 61 Italy Proximity Payment Market by Application, 2021 - 2027, USD Million
TABLE 62 Rest of Europe Proximity Payment Market, 2017 - 2020, USD Million
TABLE 63 Rest of Europe Proximity Payment Market, 2021 - 2027, USD Million
TABLE 64 Rest of Europe Proximity Payment Market by Offering, 2017 - 2020, USD Million
TABLE 65 Rest of Europe Proximity Payment Market by Offering, 2021 - 2027, USD Million
TABLE 66 Rest of Europe Proximity Payment Market by Application, 2017 - 2020, USD Million
TABLE 67 Rest of Europe 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