BIOMETRIC CARD MARKET ANALYSIS

Biometric Card Market, By Application (Payments, Access Control, Government ID and Financial Inclusion, and Other Applications (IoT-based applications, etc.)), By End User Industry (BFSI, Retail, Government, Healthcare, Commercial Entities, and Other End-user Verticals), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In April 2022, IDEX Biometrics ASA announced its partnership with E-Kart, a leading card manufacturer in Europe, to commercialize biometric payment solutions in Eastern Europe. Also, in April 2022, Fingerprint Cards AB, a global biometrics company, revealed that its technology would be part of at least two new commercial biometric payment card launches in Morocco. These trends are expected to support the growth of the biometric payment market during the forecast period.
According to the Japan Consumer Credit Association, the number of credit cards issued in Japan reached 295.31 million as of March 2021, marking a 0.8 percent increase from the previous year.
Furthermore, in 2020, Fingerprint Cards reported that 57.0% of all in-store payments in the U.K. were contactless, driving the adoption of biometric payment cards.