Contactless Payment Transaction Market : Rising Popularity of Wireless Devices for Communication Pushes Europe to Lead Position
The presence of several small and large service providers renders a highly competitive vendor landscape, notes one of the recent reports by Transparency Market Research (TMR). Competition in the market has further intensified with the entry of banks, card companies, telecom companies, and payment companies of late. The ease of entry in the market is expected to witness inflow of new participants to add to the fragmentation and competition in terms of service costs.
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