Home > Media & Technology > Next Generation Technologies > Fintech > Mobile Card Reader Market

Mobile Card Reader Market Size

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

Mobile Card Reader Market Size

Mobile Card Reader Market size crossed a valuation of USD 10 billion in 2022 and is anticipated to expand at over 15% CAGR from 2023 to 2032. The emerging contactless payment trends across the retail sector are likely to escalate product sales over the next ten years.


Advanced mobile card reader systems allow retail executives to perform several day-to-day tasks, such as scanning products, updating the details, generating shopping bills in a fraction of the time, etc. In addition, the integration of innovative features, such as inventory tracking, maintaining customer records, improved billing processes, offering special discounts, and data backup in POS terminals will further strengthen the market outlook.


The increasing popularity and usage of smartphones & other wearable devices have also emerged as major growth contributors. These technologies have accelerated the transition from website-based monetization models to mobile app-based monetization models, creating favorable growth prospects for the mobile card reader industry. Besides, an increasing number of consumers using payment cards to avoid the hassle of carrying cash and easily manage payment records while ensuring confidentiality will drive business growth.


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.

Mobile Card Reader Market Scope

Buy Now

Immediate Delivery Available

Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 403
  • Countries covered: 17
  • Pages: 288
 Download Free Sample