The Global Biometric Payment Cards Market is Estimated to reach $2.9 Billion by 2028, at a CAGR of 69%

Biometric Payment Cards Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Biometric Payment Cards Market size is expected to reach $2.9 billion by 2028, rising at a market growth of 69% CAGR during the forecast period.

The Credit Cards segment acquired maximum revenue share in the Global Biometric Payment Cards Market by Card Type in 2021, thereby, achieving a market value of $1.80 billion by 2028. Individuals' increasing use of credit cards is expected to drive segment growth. This uptake is due to a variety of factors, including earning cash back, receiving discounts, and taking advantage of the bank's leverage, among others.

The Hospitality segment is showcasing a CAGR of 69.5% during (2022 - 2028). Biometric digital payment systems have been installed in restaurants and hotels, allowing consumers to pay directly using fingerprint scanners. Hitachi, for example, has developed a fingertip payment system that allows users to pay by simply scanning the finger at the machine. As a result, the hospitality industry's embrace of advanced payment systems is likely to encourage the acceptance of biometric payment cards.

The Asia Pacific market dominated the Global Biometric Payment Cards Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $721.9 Million by 2028. The Europe market is estimated to witness a CAGR of 68.4% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 68.2% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/biometric-payment-cards-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Infineon Technologies AG, NXP Semiconductors N.V., Thales Group S.A., Visa, Inc., Mastercard, Inc., IDEX Biometrics ASA, Zwipe, Bio-idz, and Goldpac Group.

Global Biometric Payment Cards Market Segmentation

By Card Type

• Credit Cards
• Debit Cards

By End Use

• Retail
• Hospitality
• Transportation
• Healthcare
• Government
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Infineon Technologies AG
• NXP Semiconductors N.V.
• Thales Group S.A.
• Visa, Inc.
• Mastercard, Inc.
• IDEX Biometrics ASA
• Zwipe
• Bio-idz
• Goldpac Group

Related Reports:

North America Biometric Payment Cards Market Size to 2028

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LAMEA Biometric Payment Cards Market Size & Share to 2028

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Europe Biometric Payment Cards Market Size & Share to 2028

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Asia Pacific Biometric Payment Cards Market Size Report 2028

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