The Asia Pacific Biometric Payment Cards Market would witness market growth of 70.0% CAGR during the forecast period (2022-2028).
Biometric payment cards have a variety of advantages that go along with these current trends. Biometrics gives an added degree of protection to clients that are becoming increasingly accustomed to the simplicity of purchasing contactless cards. Users pay for any purchases in the same way with a standard contactless card, but the transfer is verified through a fingerprint match. Importantly, it has been proven that matching a fingerprint is safer than a four-digit PIN. If a fingertip does not match, such as when a card is looted, the transaction must be completed with a PIN or signature.
While eliminating contactless limits could lead to an increase in expenditure, banks could charge clients for utilizing the service. Many people have shown willingness to pay a monthly fee. The vast majority would pay a range of a certain amount each month. The banks should upgrade its contactless payment cards to include biometrics.
India's BFSI sector is planning to invest substantial amount in order to promote biometric and contactless payment modes, and is expected to grow. There are many public sector banks, private sector banks, foreign banks, regional rural banks, urban cooperative banks, and rural cooperative banks in India's banking system. Public sector banks had significant total banking assets. Total assets in the public and private banking industry were multiple billion amounts. India is one of the world's fastest-growing FinTech marketplaces. With China, India has the highest FinTech adoption rate in the world.
In 2017, the Indian insurance market had substantial gross written premiums. India contributes a significant share of the total value of the Asia-Pacific insurance market. The fast speed of modern living in this region, as well as expedited business processes and decision-making, have all created a demand for quick and dependable data and information access. Also, people of this region are seeking simple yet advanced digital payment methods to initiate monitory transactions in quick time. Mobile gadgets, which have become pervasive, provide easy access to the information world.
The China market dominated the Asia Pacific Biometric Payment Cards Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $228.5 Million by 2028. The Japan market is poised to grow at a CAGR of 68.9% during (2022 - 2028). Additionally, The India market would display a CAGR of 71.3% during (2022 - 2028).
Based on Card Type, the market is segmented into Credit Cards and Debit Cards. Based on End Use, the market is segmented into Retail, Hospitality, Transportation, Healthcare, Government, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Biometric Payment Cards Market is Projected to reach USD 2.9 Billion by 2028, at a CAGR of 69%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG, NXP Semiconductors N.V., Thales Group S.A., Visa, Inc., Mastercard, Inc., IDEX Biometrics ASA, Zwipe, Bio-idz, and Goldpac Group.
Scope of the Study
Market Segments Covered in the Report:
By Card Type
By End Use
- Retail
- Hospitality
- Transportation
- Healthcare
- Government
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Thales Group S.A.
- Visa, Inc.
- Mastercard, Inc.
- IDEX Biometrics ASA
- Zwipe
- Bio-idz
- Goldpac Group
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Biometric Payment Cards Market, by Card Type
1.4.2 Asia Pacific Biometric Payment Cards Market, by End Use
1.4.3 Asia Pacific Biometric Payment Cards Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2019, May – 2022, Jun) Leading Players
Chapter 4. Asia Pacific Biometric Payment Cards Market by Card Type
4.1 Asia Pacific Credit Cards Market by Country
4.2 Asia Pacific Debit Cards Market by Country
Chapter 5. Asia Pacific Biometric Payment Cards Market by End-use
5.1 Asia Pacific Retail Market by Country
5.2 Asia Pacific Hospitality Market by Country
5.3 Asia Pacific Transportation Market by Country
5.4 Asia Pacific Healthcare Market by Country
5.5 Asia Pacific Government Market by Country
5.6 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Biometric Payment Cards Market by Country
6.1 China Biometric Payment Cards Market
6.1.1 China Biometric Payment Cards Market by Card Type
6.1.2 China Biometric Payment Cards Market by End-use
6.2 Japan Biometric Payment Cards Market
6.2.1 Japan Biometric Payment Cards Market by Card Type
6.2.2 Japan Biometric Payment Cards Market by End-use
6.3 India Biometric Payment Cards Market
6.3.1 India Biometric Payment Cards Market by Card Type
6.3.2 India Biometric Payment Cards Market by End-use
6.4 South Korea Biometric Payment Cards Market
6.4.1 South Korea Biometric Payment Cards Market by Card Type
6.4.2 South Korea Biometric Payment Cards Market by End-use
6.5 Singapore Biometric Payment Cards Market
6.5.1 Singapore Biometric Payment Cards Market by Card Type
6.5.2 Singapore Biometric Payment Cards Market by End-use
6.6 Malaysia Biometric Payment Cards Market
6.6.1 Malaysia Biometric Payment Cards Market by Card Type
6.6.2 Malaysia Biometric Payment Cards Market by End-use
6.7 Rest of Asia Pacific Biometric Payment Cards Market
6.7.1 Rest of Asia Pacific Biometric Payment Cards Market by Card Type
6.7.2 Rest of Asia Pacific Biometric Payment Cards Market by End-use
Chapter 7. Company Profiles
7.1 Infineon Technologies AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.6 SWOT Analysis
7.2 NXP Semiconductors N.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 Thales Group S.A.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research and Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.4 Visa, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Recent strategies and developments:
7.4.3.1 Partnerships, Collaborations, and Agreements:
7.4.3.2 Product Launches and Product Expansions:
7.5 Mastercard, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Partnerships, Collaborations, and Agreements:
7.5.4.2 Product Launches and Product Expansions:
7.6 IDEX Biometrics ASA
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 Zwipe
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Research & Development Expense
7.7.4 Recent strategies and developments:
7.7.4.1 Partnerships, Collaborations, and Agreements:
7.8 Bio-idz
7.8.1 Company Overview
7.9 Goldpac Group
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Asia Pacific Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 2 Partnerships, Collaborations and Agreements– Biometric Payment Cards Market
TABLE 3 Product Launches And Product Expansions– Biometric Payment Cards Market
TABLE 4 Asia Pacific Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Credit Cards Market by Country, 2022 - 2028, USD Million
TABLE 6 Asia Pacific Debit Cards Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Retail Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Transportation Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Government Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Biometric Payment Cards Market by Country, 2022 - 2028, USD Million
TABLE 15 China Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 16 China Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 17 China Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 18 Japan Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 19 Japan Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 20 Japan Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 21 India Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 22 India Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 23 India Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 24 South Korea Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 25 South Korea Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 26 South Korea Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 27 Singapore Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 28 Singapore Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 29 Singapore Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 30 Malaysia Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 31 Malaysia Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 32 Malaysia Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 33 Rest of Asia Pacific Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 34 Rest of Asia Pacific Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 35 Rest of Asia Pacific Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 36 Key Information – Infineon Technologies AG
TABLE 37 Key Information – NXP Semiconductors N.V.
TABLE 38 key information – Thales Group S.A.
TABLE 39 Key Information – Visa, Inc.
TABLE 40 key Information – Mastercard, Inc.
TABLE 41 Key Information – IDEX Biometrics ASA
TABLE 42 Key Information – Zwipe
TABLE 43 Key Information – Bio-idz
TABLE 44 Key Information – Goldpac Group
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2019, May – 2022, Jun) Leading Players
FIG 5 Swot analysis: INFINEON TECHNOLOGIES AG
FIG 6 Swot analysis: NXP semiconductors N.V.
FIG 7 Recent strategies and developments: Visa, Inc.
FIG 8 Recent strategies and developments: Mastercard, Inc.