Increasing Contactless Payment Modes to Affect the Growth of Banknote Market
The global banknote market is estimated to reach US$15.03 billion in 2024, growing at a CAGR of 2.72% for the period spanning from 2019 to 2024. The factors such as increasing number of ATMs globally and rising population are expected to drive the market. However, growth of the industry will be challenged by counterfeiting of banknotes and rapid growth of electronic payments. A few notable tren ..