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Mobile Card Reader Market Share

Report ID: GMI4272
Published Date: Jan 2023
Report Format: PDF

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Mobile Card Reader Market Share

Notable players in the mobile card reader market are

Advanced Card Systems Ltd.
Electronic Merchant Systems
Ingenico
Stripe Inc.
Revolut
Verifone Inc.

The companies have been majorly focusing on launching innovative mobile card readers to improve their business standing. For instance, in July 2022, Revolut launched Revolut Reader, a small-sized card reader designed & built to enable merchants to accept payments in person. The Revolut Reader offers instant and secure transactions for debit & credit cards and contactless payment methods. The card reader is built to run transactions all day and offers smart features & speed payments.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global market size for mobile card reader was valued at over USD 10 billion in 2022 and is expected to witness over 15% CAGR from 2023 to 2032 owing to the proliferation of contactless payment technologies across the retail sector.

Hardware segment is set to depict over 15% CAGR between 2023 and 2032 due to increased product deployment across the hospitality sector.

European market for mobile card reader is anticipated to observe over 15% CAGR from 2023 to 2032, backed by the onset of consumer-friendly payment methods across e-commerce platforms.

Prominent companies in the mobile card reader market are Advanced Card Systems Ltd., Electronic Merchant Systems, Ingenico, Stripe Inc., Revolut, Verifone Inc., and others.