The Latin America, Middle East and Africa Biometric Payment Cards Market would witness market growth of 75.3% CAGR during the forecast period (2022-2028).
Businesses have recognized the value of biometric payment cards, prompting numerous banks & financial institutions to partner with biometric payment providers to give these smart cards to their clients. For example, Zwipe, a biometric payment service provider, announced that the National Bank of Iraq has chosen Zwipe to trial biometric cards via the Zwipe pay platform. This will be one of the first experiments for contactless payment cards of the next era in Iraq. Such initiatives are assisting in the expansion of the biometric payment card market.
Recent analyses of the UAE banking sector's assets, number of employees, interest rates paid, and remuneration show that it is growing steadily. Also, the banking and financial institutions are heavily investing in contactless and biometric payment technologies, in order to make biometric payment experience easy for users. The UAE banking sector's present objectives are to continue expansion, attract more internationally known institutions while also improving the reputation of domestic banks, ensure financial system stability, and establish powerful risk departments. The UAE's consistent banking industry expansion contributes to the country's international and regional reputation.
The UAE's financial sector is getting increasingly international these days. Dubai serves as the country's financial and banking hub. A number of foreign and national banks have offices in Dubai, in the city's Bur Dubai neighbourhood. The banking industry in the United Arab Emirates is highly focused on the international marketplace, with all services available in both Arabic and English.
The Brazil market dominated the LAMEA Biometric Payment Cards Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $41.2 Million by 2028. The Argentina market is anticipated to grow at a CAGR of 76.3% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 74.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Biometric Payment Cards Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Biometric Payment Cards Market, by Card Type
1.4.2 LAMEA Biometric Payment Cards Market, by End Use
1.4.3 LAMEA 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. LAMEA Biometric Payment Cards Market by Card Type
4.1 LAMEA Credit Cards Market by Country
4.2 LAMEA Debit Cards Market by Country
Chapter 5. LAMEA Biometric Payment Cards Market by End-use
5.1 LAMEA Retail Market by Country
5.2 LAMEA Hospitality Market by Country
5.3 LAMEA Transportation Market by Country
5.4 LAMEA Healthcare Market by Country
5.5 LAMEA Government Market by Country
5.6 LAMEA Others Market by Country
Chapter 6. LAMEA Biometric Payment Cards Market by Country
6.1 Brazil Biometric Payment Cards Market
6.1.1 Brazil Biometric Payment Cards Market by Card Type
6.1.2 Brazil Biometric Payment Cards Market by End-use
6.2 Argentina Biometric Payment Cards Market
6.2.1 Argentina Biometric Payment Cards Market by Card Type
6.2.2 Argentina Biometric Payment Cards Market by End-use
6.3 UAE Biometric Payment Cards Market
6.3.1 UAE Biometric Payment Cards Market by Card Type
6.3.2 UAE Biometric Payment Cards Market by End-use
6.4 Saudi Arabia Biometric Payment Cards Market
6.4.1 Saudi Arabia Biometric Payment Cards Market by Card Type
6.4.2 Saudi Arabia Biometric Payment Cards Market by End-use
6.5 South Africa Biometric Payment Cards Market
6.5.1 South Africa Biometric Payment Cards Market by Card Type
6.5.2 South Africa Biometric Payment Cards Market by End-use
6.6 Nigeria Biometric Payment Cards Market
6.6.1 Nigeria Biometric Payment Cards Market by Card Type
6.6.2 Nigeria Biometric Payment Cards Market by End-use
6.7 Rest of LAMEA Biometric Payment Cards Market
6.7.1 Rest of LAMEA Biometric Payment Cards Market by Card Type
6.7.2 Rest of LAMEA 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 LAMEA 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 LAMEA Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Credit Cards Market by Country, 2022 - 2028, USD Million
TABLE 6 LAMEA Debit Cards Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 8 LAMEA Retail Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Transportation Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Government Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA Biometric Payment Cards Market by Country, 2022 - 2028, USD Million
TABLE 15 Brazil Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 16 Brazil Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 17 Brazil Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 18 Argentina Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 19 Argentina Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 20 Argentina Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 21 UAE Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 22 UAE Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 23 UAE Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 24 Saudi Arabia Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 25 Saudi Arabia Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 26 Saudi Arabia Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 27 South Africa Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 28 South Africa Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 29 South Africa Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 30 Nigeria Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 31 Nigeria Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 32 Nigeria Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 33 Rest of LAMEA Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 34 Rest of LAMEA Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 35 Rest of LAMEA 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.