The Latin America, Middle East and Africa Face-swiping Payment Market would witness market growth of 21.5% CAGR during the forecast period (2022-2028).
The "facial recognition system" incorporates several professional technologies, including artificial intelligence, machine recognition, machine learning, model theory, expert system, and video image processing, among others. Simultaneously, it must incorporate both the theory and practice of intermediate value processing. The most recent application of feature recognition and the realization of its basic technology demonstrate the transition from weak to strong artificial intelligence.
Facial payment is the result of the maturation of face recognition technology, which is a result of technological advancement. Technology is also a tool that has a big influence on economic lives. Face-washing payment gadgets will make people's daily lives more convenient, in the same way, that mobile phones have made people's lives more convenient. During the age of the power revolution, Edison invented the light bulb, which illuminated the world and made it no longer dark.
The increased adoption of these terminals by small and medium-sized firms in the restaurant, retail, and entertainment industries has propelled the market boom in South America. As small and medium-sized firms in South American nations such as Brazil and Argentina boost their investments in digital transformation, the need for software is growing. In addition, banks in South America provide these terminals and digital payment software solutions to their customers to improve the consumer experience and create value for retailers.
The Brazil market dominated the LAMEA Face-swiping Payment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $203.9 million by 2028. The Argentina market is experiencing a CAGR of 22.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 21.1% during (2022 - 2028).
Based on Type, the market is segmented into Payment Equipment (POS Equipment and Kiosk) and Payment System. Based on Application, the market is segmented into Retail, Restaurant, Travel, 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 Face-swiping Payment Market is Predict to reach $11.9 Billion by 2028, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ant Group (Alipay) (Alibaba Holding), NEC Corporation, Mastercard, Inc., PopID, Inc. (Cali Group), PayByFace B.V., VisionLabs (Mobile TeleSystems OJSC), SnapPay, Inc., CloudWalk Technology Co. Ltd., and PAX Global Technology Limited.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Payment Equipment
- Payment System
By Application
- Retail
- Restaurant
- Travel
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Ant Group (Alipay) (Alibaba Holding)
- NEC Corporation
- Mastercard, Inc.
- PopID, Inc. (Cali Group)
- PayByFace B.V.
- VisionLabs (Mobile TeleSystems OJSC)
- SnapPay, Inc.
- CloudWalk Technology Co. Ltd.
- PAX Global Technology Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Face-swiping Payment Market, by Type
1.4.2 LAMEA Face-swiping Payment Market, by Application
1.4.3 LAMEA Face-swiping Payment 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 & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Face-swiping Payment Market by Type
3.1 LAMEA Payment Equipment Market by Country
3.2 LAMEA Face-swiping Payment Market by Payment Equipment Type
3.2.1 LAMEA POS Equipment Market by Country
3.2.2 LAMEA Kiosk Market by Country
3.3 LAMEA Payment System Market by Country
Chapter 4. LAMEA Face-swiping Payment Market by Application
4.1 LAMEA Retail Market by Country
4.2 LAMEA Restaurant Market by Country
4.3 LAMEA Travel Market by Country
4.4 LAMEA Others Market by Country
Chapter 5. LAMEA Face-swiping Payment Market by Country
5.1 Brazil Face-swiping Payment Market
5.1.1 Brazil Face-swiping Payment Market by Type
5.1.1.1 Brazil Face-swiping Payment Market by Payment Equipment Type
5.1.2 Brazil Face-swiping Payment Market by Application
5.2 Argentina Face-swiping Payment Market
5.2.1 Argentina Face-swiping Payment Market by Type
5.2.1.1 Argentina Face-swiping Payment Market by Payment Equipment Type
5.2.2 Argentina Face-swiping Payment Market by Application
5.3 UAE Face-swiping Payment Market
5.3.1 UAE Face-swiping Payment Market by Type
5.3.1.1 UAE Face-swiping Payment Market by Payment Equipment Type
5.3.2 UAE Face-swiping Payment Market by Application
5.4 Saudi Arabia Face-swiping Payment Market
5.4.1 Saudi Arabia Face-swiping Payment Market by Type
5.4.1.1 Saudi Arabia Face-swiping Payment Market by Payment Equipment Type
5.4.2 Saudi Arabia Face-swiping Payment Market by Application
5.5 South Africa Face-swiping Payment Market
5.5.1 South Africa Face-swiping Payment Market by Type
5.5.1.1 South Africa Face-swiping Payment Market by Payment Equipment Type
5.5.2 South Africa Face-swiping Payment Market by Application
5.6 Nigeria Face-swiping Payment Market
5.6.1 Nigeria Face-swiping Payment Market by Type
5.6.1.1 Nigeria Face-swiping Payment Market by Payment Equipment Type
5.6.2 Nigeria Face-swiping Payment Market by Application
5.7 Rest of LAMEA Face-swiping Payment Market
5.7.1 Rest of LAMEA Face-swiping Payment Market by Type
5.7.1.1 Rest of LAMEA Face-swiping Payment Market by Payment Equipment Type
5.7.2 Rest of LAMEA Face-swiping Payment Market by Application
Chapter 6. Company Profiles
6.1 Ant Group (Alipay) (Alibaba Holding)
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental Analysis
6.1.4 Recent strategies and developments:
6.1.4.1 Product Launches and Product Expansions:
6.2 NEC Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.3 Mastercard, Inc.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional Analysis
6.3.4 Recent strategies and developments:
6.3.4.1 Partnerships, Collaborations, and Agreements:
6.3.4.2 Product Launches and Product Expansions:
6.4 PopID, Inc. (Cali Group)
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Partnerships, Collaborations, and Agreements:
6.5 PayByFace B.V.
6.5.1 Company Overview
6.6 VisionLabs (Mobile TeleSystems OJSC)
6.6.1 Company Overview
6.7 SnapPay, Inc.
6.7.1 Company Overview
6.8 CloudWalk Technology Co. Ltd.
6.8.1 Company Overview
6.9 PAX Global Technology Limited
6.9.1 Company Overview
TABLE 1 LAMEA Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Payment Equipment Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Payment Equipment Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 8 LAMEA Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 9 LAMEA POS Equipment Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA POS Equipment Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Kiosk Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Kiosk Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Payment System Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Payment System Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 16 LAMEA Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 17 LAMEA Retail Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Retail Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Restaurant Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Restaurant Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Travel Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Travel Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Face-swiping Payment Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Face-swiping Payment Market by Country, 2022 - 2028, USD Million
TABLE 27 Brazil Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 28 Brazil Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 29 Brazil Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 30 Brazil Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 31 Brazil Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 32 Brazil Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 33 Brazil Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 34 Brazil Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 35 Argentina Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 36 Argentina Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 37 Argentina Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 38 Argentina Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 39 Argentina Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 40 Argentina Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 41 Argentina Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 42 Argentina Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 43 UAE Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 44 UAE Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 45 UAE Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 46 UAE Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 47 UAE Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 48 UAE Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 49 UAE Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 50 UAE Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 59 South Africa Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 60 South Africa Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 61 South Africa Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 62 South Africa Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 63 South Africa Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 64 South Africa Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 65 South Africa Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 66 South Africa Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 67 Nigeria Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 68 Nigeria Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 69 Nigeria Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 70 Nigeria Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 71 Nigeria Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 72 Nigeria Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 73 Nigeria Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 74 Nigeria Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA Face-swiping Payment Market, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA Face-swiping Payment Market, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Face-swiping Payment Market by Type, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Face-swiping Payment Market by Type, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Face-swiping Payment Market by Payment Equipment Type, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Face-swiping Payment Market by Payment Equipment Type, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Face-swiping Payment Market by Application, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Face-swiping Payment Market by Application, 2022 - 2028, USD Million
TABLE 83 Key Information – Ant Group
TABLE 84 KEY INFORMATION – NEC Corporation
TABLE 85 key Information – Mastercard, Inc.
TABLE 86 Key Information – PopID, Inc.
TABLE 87 Key Information – PayByFace B.V.
TABLE 88 Key Information – VisionLabs
TABLE 89 Key Information – SnapPay, Inc.
TABLE 90 Key Information – CloudWalk Technology Co. Ltd.
TABLE 91 Key Information – PAX Global Technology Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Mastercard, Inc.