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| Data Timeline | Historical Data: 2022–2025 | Base Year: 2025 | Forecast Period: 2026–2034 |
|---|---|
| Biometric Mode Segment | Fingerprint Recognition, Facial Recognition, Others |
| Technology Segment | Contact, Contactless |
| End user Segment | Retail & E-commerce, Healthcare, BFSI, Travel & Hospitality, Government, Others |
|---|---|
| Regions & Countries |
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Increase in smartphone usage Rise in cybersecurity threats Increase in demand for secure and convenient payment methods
Implementation Costs Data Privacy Concerns
Advancements in Biometric Technology Increased Adoption of Contactless Payment
Country-level data · Company profiles · Editable dataset · Analyst consultation included.
| Region / Country | 2021 (A) | 2025 (A) | 2033 (P) | CAGR |
|---|
A = Actual · E = Estimated · P = Projected · 🔒 Locked values require full access. Click headers to sort.
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The competitive landscape of the biometric payments market has changed drastically and become very dynamic. Major companies include established technology firms, financial institutions, providers of biometric solutions, and payment service providers. New entrants and startups are joining the market and competing by focusing on developing cutting-edge biometric authentication solutions for payments. Such common steps include strategic partnerships, mergers, and acquisitions, which a player would take to strengthen their market position and product offering. Therefore, it is expected that the competition in the Biometric Payments Market will increase with consumer demand for safe and convenient methods of payment, further fueling innovation and technological advancement in the industry.
In March 2024, Fingerprint Cards AB (Fingerprints) announced the first biometric payment card rollout in Turkey, partnering with Thales, a global leader in digital security, and Garanti BBVA and its clients. Fingerprints and Thales have launched their eleventh commercial roll-out of biometric payment cards internationally. (Source: https://www.marketscreener.com/quote/stock/FINGERPRINT-CARDS-AB-27811939/news/Fingerprints-supports-Thales-Biometric-Payment-Card-first-launch-in-Turkiye-with-Garanti-BBVA-46137651/) In November 2023, Mastercard partnered with NEC to deliver biometric checkout to the Asia-Pacific region. The agreement, which integrates NEC's facial recognition and liveness verification technology with Mastercard's payment operations, comes at a time when consumers and businesses are rapidly adopting biometrics. (Source: https://www.pymnts.com/news/biometrics/2023/mastercard-launches-biometric-payments-partnership-with-nec/)
| Company | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| Fujitsu | ••• | ••• | ••• | ••• |
| NEC Corporation | ••• | ••• | ••• | ••• |
| Mastercard | ••• | ••• | ••• | ••• |
| Visa Inc. | ••• | ••• | ••• | ••• |
| IDEMIA | ••• | ••• | ••• | ••• |
| Fingerprint Cards AB | ••• | ••• | ••• | ••• |
| Alibaba Group Holding Limited | ••• | ••• | ••• | ••• |
| VeriFone Inc. | ••• | ••• | ••• | ••• |
| Thales Group | ••• | ••• | ••• | ••• |
| Google LLC. | ••• | ••• | ••• | ••• |
| Aware Inc. | ••• | ••• | ••• | ••• |
Revenue data requires full access. *2nd & 3rd tier companies available on enquiry.
Request company profile for validation →According to Cognitive Market Research, the global Biometric Payments market size was USD 8969.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 18.00% from 2024 to 2031.
Biometric payment is a point-of-sale (POS) technology that uses distinct physical or behavioral characteristics, such as fingerprints or facial recognition, to authenticate transactions securely. Biometric payment has grown in popularity in recent years due to its perceived security advantages over password- or PIN-based solutions. Biometric payment can be utilized for both in-person and online transactions. Moreover, the biometric payment market is expanding due to the rising need for safe and convenient payment options, which is a primary driver of biometric payment system adoption. Traditional authentication methods are vulnerable to identity theft and fraud, increasing the use of biometric payment systems that provide a higher level of security by leveraging technologies such as fingerprint recognition, iris recognition, facial recognition, voice recognition, and others.
In April 2023, TBHP Co Ltd., one of Vietnam's leading card bureaus and service providers, has teamed up with Zwipe to develop biometric payment cards in Vietnam. Zwipe will provide commercialization support, experience, and technical direction to TBHP as it integrates biometric payment cards into its portfolio. (Source: https://www.zwipe.com/news/TBHP-joins-hands-with-Zwipe-to-launch-biometric-payment-cards-in-Vietnam)
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| Biometric Mode | Fingerprint Recognition, Facial Recognition, Others |
| Technology | Contact, Contactless |
| End user | Retail & E-commerce, Healthcare, BFSI, Travel & Hospitality, Government, Others |
| List of Competitors | Fujitsu, NEC Corporation, Mastercard, Visa Inc., IDEMIA, Fingerprint Cards AB, Alibaba Group Holding Limited, VeriFone Inc., Thales Group, Google LLC., Aware Inc. |
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
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