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As per the government’s ’Cashless Vision’ report, the cashless payment ratio was 20% in 2016 which aims to increase to 40% by 2025. For this, the government has rolled out a nine-month points program in October 2019 to encourage small retailers to accept digital payment. Shoppers will get 5% of the purchase on performing digital transactions from small and medium-sized stores and 2% from major chains. As per the Economy, Trade and Industry Ministry of Japan, more than 577,000 stores had applied for participating in the government’s reward point program. Due to this, the digital wallet market is expected to increase, which in turn, positively affects the overall market growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Mobile Card Reader Market - Segmentation
By Technology
- Chip and PIN
- Magnetic stripe
- Near Field Communication (NFC)
By Application
- Entertainment
- Retail
- Healthcare
- Hospitality
- Others
Global Mobile Card Reader Market – Segment by Region
North America
- United States
- copyright
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mobile card reader market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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