LAMEA Cardless ATM Market Size, Share & Industry Trends Analysis Report By Type (Offsite, Onsite), By End User (Bank & Financial Institutions and Independent ATM Deployer), By Technology, By Country and Growth Forecast, 2023 - 2029

The Latin America, Middle East and Africa Cardless ATM Market would witness market growth of 11.7% CAGR during the forecast period (2023-2029).

A major factor that is driving the market is the increasing need for cash withdrawals from ATMs that do not require a card. As a consequence, financial institutions and ATM suppliers are investing in the modernization of their ATM infrastructure to enhance the ease and safety of their customers. This includes implementing features for cardless transactions, including one-time access codes and biometric verification, to provide customers with a banking experience that is both individualized and smooth.

The growth of the cardless ATM market is being driven by the convenience of accessing cash, the benefits of faster transactions, the ability to withdraw money quickly, and the popularity of both online and offline shopping. This has led to an increase in ATM usage. In addition, the accessibility of ATMs for foreign visitors to convert their foreign currency into local currency is a major factor contributing to the growth of this market. Verification codes provide an additional layer of security for online logins, similar to two-factor authentication. The utilization of verification code technology in cardless ATMs necessitates that customers employ mobile banking applications for almost all transactions.

The increasing popularity of cardless ATMs in the region is mainly due to the growth of the tourism sector. The increase in the number of tourists to countries like the UAE can be attributed to the relaxation of COVID-19 protocols and border controls globally. The growth of tourism presents a potential opportunity as travellers from various countries may require additional cash on hand. In addition, the deployment of white-label ATMs provides scalability advantages as it enables bankers to focus on expanding their network to meet increasing demand while non-banking entities manage the operational tasks. Thereby, the growing digitalization of the BFSI sector and the rising tourism industry will provide growth opportunities for the cardless ATM market in the region.

The Brazil market dominated the LAMEA Cardless ATM Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $72.7 Million by 2029. The Argentina market is exhibiting a CAGR of 12.3% during (2023 - 2029). Additionally, The UAE market would display a CAGR of 11.4% during (2023 - 2029).

Based on Type, the market is segmented into Offsite, Onsite, and Others. Based on End User, the market is segmented into Bank & Financial Institutions and Independent ATM Deployer. Based on Technology, the market is segmented into Near-field Communication (NFC), Biometric Verification, and Quick Response (QR) Codes. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Cardless ATM Market is Projected to reach USD 3.9 Billion by 2029, at a CAGR of 9.8%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, HSBC Holdings plc, Barclays PLC, ICICI Bank Ltd. (The ICICI group), Citigroup Inc., JPMorgan Chase & Co., Wells Fargo & Company, BANCO SANTANDER, S.A., NCR Corporation and GRGBanking Equipment Co., Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Type

• Offsite
• Onsite
• Others

By End User

• Bank & Financial Institutions
• Independent ATM Deployer

By Technology

• Near-field Communication (NFC)
• Biometric Verification
• Quick Response (QR) Codes

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Fujitsu Limited
• HSBC Holdings plc
• Barclays PLC
• ICICI Bank Ltd. (The ICICI group)
• Citigroup Inc.
• JPMorgan Chase & Co.
• Wells Fargo & Company
• BANCO SANTANDER, S.A.
• NCR Corporation
• GRGBanking Equipment Co., Ltd.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Cardless ATM Market, by Type
1.4.2 LAMEA Cardless ATM Market, by End User
1.4.3 LAMEA Cardless ATM Market, by Technology
1.4.4 LAMEA Cardless ATM 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 & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. LAMEA Cardless ATM Market by Type
3.1 LAMEA Offsite Market by Country
3.2 LAMEA Onsite Market by Country
3.3 LAMEA Others Market by Country

Chapter 4. LAMEA Cardless ATM Market by End User
4.1 LAMEA Bank & Financial Institutions Market by Country
4.2 LAMEA Independent ATM Deployer Market by Country

Chapter 5. LAMEA Cardless ATM Market by Technology
5.1 LAMEA Near-field Communication (NFC) Market by Country
5.2 LAMEA Biometric Verification Market by Country
5.3 LAMEA Quick Response (QR) Codes Market by Country

Chapter 6. LAMEA Cardless ATM Market by Country
6.1 Brazil Cardless ATM Market
6.1.1 Brazil Cardless ATM Market by Type
6.1.2 Brazil Cardless ATM Market by End User
6.1.3 Brazil Cardless ATM Market by Technology
6.2 Argentina Cardless ATM Market
6.2.1 Argentina Cardless ATM Market by Type
6.2.2 Argentina Cardless ATM Market by End User
6.2.3 Argentina Cardless ATM Market by Technology
6.3 UAE Cardless ATM Market
6.3.1 UAE Cardless ATM Market by Type
6.3.2 UAE Cardless ATM Market by End User
6.3.3 UAE Cardless ATM Market by Technology
6.4 Saudi Arabia Cardless ATM Market
6.4.1 Saudi Arabia Cardless ATM Market by Type
6.4.2 Saudi Arabia Cardless ATM Market by End User
6.4.3 Saudi Arabia Cardless ATM Market by Technology
6.5 South Africa Cardless ATM Market
6.5.1 South Africa Cardless ATM Market by Type
6.5.2 South Africa Cardless ATM Market by End User
6.5.3 South Africa Cardless ATM Market by Technology
6.6 Nigeria Cardless ATM Market
6.6.1 Nigeria Cardless ATM Market by Type
6.6.2 Nigeria Cardless ATM Market by End User
6.6.3 Nigeria Cardless ATM Market by Technology
6.7 Rest of LAMEA Cardless ATM Market
6.7.1 Rest of LAMEA Cardless ATM Market by Type
6.7.2 Rest of LAMEA Cardless ATM Market by End User
6.7.3 Rest of LAMEA Cardless ATM Market by Technology

Chapter 7. Company Profiles
7.1 Fujitsu Limited
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 HSBC Holdings plc
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.3 Barclays PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.4 ICICI Bank Ltd. (The ICICI group)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Product Launches and Product Expansions:
7.5 Citigroup Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.6 JPMorgan Chase & Co.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.7 Wells Fargo & Company
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.8 BANCO SANTANDER, S.A.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental Analysis
7.9 NCR Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent strategies and developments:
7.9.5.1 Partnerships, Collaborations, and Agreements:
7.9.5.2 Product Launches and Product Expansions:
7.10. GRGBanking Equipment Co., Ltd.
7.10.1 Company Overview

TABLE 1 LAMEA Cardless ATM Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Cardless ATM Market, 2023 - 2029, USD Million
TABLE 3 LAMEA Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 4 LAMEA Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 5 LAMEA Offsite Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Offsite Market by Country, 2023 - 2029, USD Million
TABLE 7 LAMEA Onsite Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Onsite Market by Country, 2023 - 2029, USD Million
TABLE 9 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 11 LAMEA Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 12 LAMEA Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 13 LAMEA Bank & Financial Institutions Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Bank & Financial Institutions Market by Country, 2023 - 2029, USD Million
TABLE 15 LAMEA Independent ATM Deployer Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Independent ATM Deployer Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 18 LAMEA Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 19 LAMEA Near-field Communication (NFC) Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Near-field Communication (NFC) Market by Country, 2023 - 2029, USD Million
TABLE 21 LAMEA Biometric Verification Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Biometric Verification Market by Country, 2023 - 2029, USD Million
TABLE 23 LAMEA Quick Response (QR) Codes Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Quick Response (QR) Codes Market by Country, 2023 - 2029, USD Million
TABLE 25 LAMEA Cardless ATM Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Cardless ATM Market by Country, 2023 - 2029, USD Million
TABLE 27 Brazil Cardless ATM Market, 2019 - 2022, USD Million
TABLE 28 Brazil Cardless ATM Market, 2023 - 2029, USD Million
TABLE 29 Brazil Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 30 Brazil Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 31 Brazil Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 32 Brazil Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 33 Brazil Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 34 Brazil Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 35 Argentina Cardless ATM Market, 2019 - 2022, USD Million
TABLE 36 Argentina Cardless ATM Market, 2023 - 2029, USD Million
TABLE 37 Argentina Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 38 Argentina Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 39 Argentina Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 40 Argentina Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 41 Argentina Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 42 Argentina Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 43 UAE Cardless ATM Market, 2019 - 2022, USD Million
TABLE 44 UAE Cardless ATM Market, 2023 - 2029, USD Million
TABLE 45 UAE Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 46 UAE Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 47 UAE Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 48 UAE Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 49 UAE Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 50 UAE Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 51 Saudi Arabia Cardless ATM Market, 2019 - 2022, USD Million
TABLE 52 Saudi Arabia Cardless ATM Market, 2023 - 2029, USD Million
TABLE 53 Saudi Arabia Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 54 Saudi Arabia Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 55 Saudi Arabia Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 56 Saudi Arabia Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 57 Saudi Arabia Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 58 Saudi Arabia Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 59 South Africa Cardless ATM Market, 2019 - 2022, USD Million
TABLE 60 South Africa Cardless ATM Market, 2023 - 2029, USD Million
TABLE 61 South Africa Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 62 South Africa Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 63 South Africa Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 64 South Africa Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 65 South Africa Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 66 South Africa Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 67 Nigeria Cardless ATM Market, 2019 - 2022, USD Million
TABLE 68 Nigeria Cardless ATM Market, 2023 - 2029, USD Million
TABLE 69 Nigeria Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 70 Nigeria Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 71 Nigeria Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 72 Nigeria Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 73 Nigeria Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 74 Nigeria Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 75 Rest of LAMEA Cardless ATM Market, 2019 - 2022, USD Million
TABLE 76 Rest of LAMEA Cardless ATM Market, 2023 - 2029, USD Million
TABLE 77 Rest of LAMEA Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 78 Rest of LAMEA Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 79 Rest of LAMEA Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 80 Rest of LAMEA Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 81 Rest of LAMEA Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 82 Rest of LAMEA Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 83 Key Information – Fujitsu Limited
TABLE 84 Key Information – HSBC Holdings plc
TABLE 85 Key Information – Barclays PLC
TABLE 86 Key Information – ICICI Bank Ltd.
TABLE 87 Key Information – Citigroup Inc.
TABLE 88 key information – JPMorgan Chase & Co.
TABLE 89 Key Information – Wells Fargo & Company
TABLE 90 Key Information – BANCO SANTANDER, S.A.
TABLE 91 Key Information – NCR Corporation
TABLE 92 Key Information – GRGBanking Equipment Co., Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Fujitsu Limited