Contactless card transactions will total US$2.5tn globally in 2021

The total value of contactless card transactions worldwide will reach US$2.5tn in 2021, up from US$1.7tn in 2020, Juniper Research predicts.

The researchers also forecast that card payments will retain “the majority share of overall contactless transaction values at 79% in 2021”.

The US will see transaction value growth of 136% between 2020 and 2021 and is anticipated to see further growth of almost 300% over the next five years, the researchers say.