Market Trends
Manufacturers are focusing in development of new technology via collaboration to tap into smart cards market. For instance, in 2017, Fintech and CardLogix collaborated to develop new biometric payment card solution with CardLogix’ security features including fingerprint sensor, aid to store biometric data and additional security feature to avoid skimming and cloning for high secure transactions. Fintech and CardLogix has a portfolio to develop high speed, mobility, and security of biometric smart cards. This smart card technology offers one of the application in healthcare e-records for national healthcare identity programs. Thereby, this strategic collaboration is expected to propel the smart cards in healthcare market growth over the forecast period.
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