NFC Payments Market Size to worth USD 59.5 Billion by 2033: Market Report 2023-2033
According to a research report published by Spherical Insights & Consulting, the Global NFC Payments Market Size is Expected to Grow from USD 31.58 Billion in 2023 to USD 59.5 Billion by 2033, at a CAGR of 6.54% during the forecast period 2023-2033.NFC payments, or Near Field Communication payments, are a method for making contactless transactions using NFC technology. This technology utilizes short-range wireless communication to transmit encrypted payment information between two NFC-enabled devices that are typically located just a few centimeters apart.