The global Dual Interface Payment Card Market was valued at USD 6.8 Billion in 2022 and it is anticipated to grow up to USD 32.3 Billion by 2032, at a CAGR of 16.9% during the forecast period.
A dual interface payment card is a credit or debit card that can be used in both contact and contactless payment systems. The card contains a chip that can be read by a card reader when the card is inserted into a slot, as well as a radio frequency (RFID) antenna that can be read by a contactless reader when the card is held near the reader. Dual interface cards offer the convenience of contactless payments for small transactions, such as retail purchases, while still allowing the card to be used for larger transactions, such as at an ATM, where a card reader is required. The use of dual interface cards is growing as more retailers adopt contactless payment systems.
To Remain ‘Ahead’ Of Your Competitors, Request for A Sample –https://www.globalinsightservices.com/request-sample/GIS24373
Market Trends and Drivers
The increasing demand for contactless payments by customers as well as small businesses is expected to drive market growth. Moreover, the increasing partnerships to launch contactless credit cards specifically designed for small businesses is expected to create growth opportunity for the growth of the dual interface payment cards market. For instance, in June 2022, Verizon announced its partnership with MasterCard and FNBO.
This partnership was aimed at introducing small-scale business credit cards. The small business enterprises with these newly launched cards would be gaining the Verizon Business Dollars against gadgets or apparel for their company. Thereby enabling the scope of expansion for dual interface payment cards in the SMEs segment over the forecast period.
Get A Customized Scope to Match Your Need Ask an Expert –https://www.globalinsightservices.com/request-customization/GIS24373
Global Dual Interface Payment Card Market Segmentation
By Type
- Plastic
- Metal
By End-user
- Retail
- Transportation
- Healthcare
- Hospitality
- Others
Major Players in the Global Dual Interface Payment Card Market
The key players in the market are Thales Group, IDEMIA, VALID, Giesecke+Devrient GmbH, Eastcompeace Technology Co., Ltd., DATANG, Paragon Group Limited, CPI Card Group Inc., Watchdata Co., Ltd., and Wuhan Tianyu. among others.
For In-Depth Competitive Analysis, Purchase this Report –https://www.globalinsightservices.com/checkout/single_user/GIS24373
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1–833–761–1700
Website: https://www.globalinsightservices.com/