The North America Face-swiping Payment Market would witness market growth of 16.6% CAGR during the forecast period (2022-2028).
A payment terminal enables a merchant to record credit and debit card information, communicate this information to a merchant services provider or bank for authorization, and then receive payments. The terminal enables the merchant or their customer to swipe, insert, or hold a card close to the device to record the data.
Frequently, they are linked to point-of-sale systems so that payment amounts and confirmation of payment may be automatically sent to the retail administration system of the merchant. Terminals can also be utilized in standalone mode, in which the merchant enters the amount into the terminal before the consumer presents their card and PIN (PIN). The vast majority of card terminals send data over cellular network connections and Wi-Fi at present.
The terminals of the past interact via regular telephone lines and Ethernet connections. Some additionally have the capability of caching transactional data for transmission to the gateway processor when a link becomes available; the key disadvantage of this is that instant authorization is not accessible at the moment the card was accepted, which can result in unsuccessful payments. In distant regions and on flights, wireless terminals send card data over Bluetooth, Wi-Fi, cellular, or even satellite networks.
Over the past decade, Internet consumer sales have expanded much more than traditional retail sales. To improve business-to-business and business-to-consumer ties, the vast majority of Canadian retailers have adopted cellular technology and internet-based systems. Government organizations and manufacturing firms are also more likely to make purchases online, especially for recurring, modest transactions. Although approximately 94% of Canadians have access to dependable Internet connectivity, the majority of users dwell in the country's largest cities.
The US market dominated the North America Face-swiping Payment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,432.3 million by 2028. The Canada market is poised to grow at a CAGR of 18.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 18.5% during (2022 - 2028).
Based on Type, the market is segmented into Payment Equipment (POS Equipment and Kiosk) and Payment System. Based on Application, the market is segmented into Retail, Restaurant, Travel, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Face-swiping Payment Market is Estimated to reach $11.9 Billion by 2028, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ant Group (Alipay) (Alibaba Holding), NEC Corporation, Mastercard, Inc., PopID, Inc. (Cali Group), PayByFace B.V., VisionLabs (Mobile TeleSystems OJSC), SnapPay, Inc., CloudWalk Technology Co. Ltd., and PAX Global Technology Limited.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Payment Equipment
- Payment System
By Application
- Retail
- Restaurant
- Travel
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Ant Group (Alipay) (Alibaba Holding)
- NEC Corporation
- Mastercard, Inc.
- PopID, Inc. (Cali Group)
- PayByFace B.V.
- VisionLabs (Mobile TeleSystems OJSC)
- SnapPay, Inc.
- CloudWalk Technology Co. Ltd.
- PAX Global Technology Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Face-swiping Payment Market, by Type
1.4.2 North America Face-swiping Payment Market, by Application
1.4.3 North America Face-swiping 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 & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Face-swiping Payment Market by Type
3.1 North America Payment Equipment Market by Country
3.2 North America Face-swiping Payment Market by Payment Equipment Type
3.2.1 North America POS Equipment Market by Country
3.2.2 North America Kiosk Market by Country
3.3 North America Payment System Market by Country
Chapter 4. North America Face-swiping Payment Market by Application
4.1 North America Retail Market by Country
4.2 North America Restaurant Market by Country
4.3 North America Travel Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Face-swiping Payment Market by Country
5.1 US Face-swiping Payment Market
5.1.1 US Face-swiping Payment Market by Type
5.1.1.1 US Face-swiping Payment Market by Payment Equipment Type
5.1.2 US Face-swiping Payment Market by Application
5.2 Canada Face-swiping Payment Market
5.2.1 Canada Face-swiping Payment Market by Type
5.2.1.1 Canada Face-swiping Payment Market by Payment Equipment Type
5.2.2 Canada Face-swiping Payment Market by Application
5.3 Mexico Face-swiping Payment Market
5.3.1 Mexico Face-swiping Payment Market by Type
5.3.1.1 Mexico Face-swiping Payment Market by Payment Equipment Type
5.3.2 Mexico Face-swiping Payment Market by Application
5.4 Rest of North America Face-swiping Payment Market
5.4.1 Rest of North America Face-swiping Payment Market by Type
5.4.1.1 Rest of North America Face-swiping Payment Market by Payment Equipment Type
5.4.2 Rest of North America Face-swiping Payment Market by Application
Chapter 6. Company Profiles
6.1 Ant Group (Alipay) (Alibaba Holding)
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental Analysis
6.1.4 Recent strategies and developments:
6.1.4.1 Product Launches and Product Expansions:
6.2 NEC Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.3 Mastercard, Inc.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional Analysis
6.3.4 Recent strategies and developments:
6.3.4.1 Partnerships, Collaborations, and Agreements:
6.3.4.2 Product Launches and Product Expansions:
6.4 PopID, Inc. (Cali Group)
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Partnerships, Collaborations, and Agreements:
6.5 PayByFace B.V.
6.5.1 Company Overview
6.6 VisionLabs (Mobile TeleSystems OJSC)
6.6.1 Company Overview
6.7 SnapPay, Inc.
6.7.1 Company Overview
6.8 CloudWalk Technology Co. Ltd.
6.8.1 Company Overview
6.9 PAX Global Technology Limited
6.9.1 Company Overview
TABLE 1 North America Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 2 North America Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 3 North America Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Payment Equipment Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Payment Equipment Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 8 North America Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 9 North America POS Equipment Market by Country, 2018 - 2021, USD Million
TABLE 10 North America POS Equipment Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Kiosk Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Kiosk Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Payment System Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Payment System Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 16 North America Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 17 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Restaurant Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Restaurant Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Travel Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Travel Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Face-swiping Payment Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Face-swiping Payment Market by Country, 2022 - 2028, USD Million
TABLE 27 US Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 28 US Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 29 US Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 30 US Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 31 US Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 32 US Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 33 US Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 34 US Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 35 Canada Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 36 Canada Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 37 Canada Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 38 Canada Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 39 Canada Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 40 Canada Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 41 Canada Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 42 Canada Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 43 Mexico Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 44 Mexico Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 45 Mexico Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 46 Mexico Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 47 Mexico Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 48 Mexico Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 49 Mexico Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 50 Mexico Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 51 Rest of North America Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 52 Rest of North America Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 53 Rest of North America Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 54 Rest of North America Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 55 Rest of North America Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 56 Rest of North America Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 57 Rest of North America Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 58 Rest of North America Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 59 Key Information – Ant Group
TABLE 60 KEY INFORMATION – NEC Corporation
TABLE 61 key Information – Mastercard, Inc.
TABLE 62 Key Information – PopID, Inc.
TABLE 63 Key Information – PayByFace B.V.
TABLE 64 Key Information – VisionLabs
TABLE 65 Key Information – SnapPay, Inc.
TABLE 66 Key Information – CloudWalk Technology Co. Ltd.
TABLE 67 Key Information – PAX Global Technology Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Mastercard, Inc.