Biometric Payment - a Market Worth Observing Growth: Accenture, Nayax, Mastercard, Fujitsu

Biometric payment is a point of sale technology, which uses biometric authentication to identify the user and approve the deduction of funds from a bank account. Fingerprint payment, based on finger scanning, is the most popular biometric payment method. Often, the system uses two-factor authentication, in which the finger scan takes the place of the card swipe and the user types in a PIN as usual. Biometric technologies are fetching the establishment of an extensive array of enormously safe recognition and personal authentication solutions. As the level of transaction fraud and security breaches increases, the need for greatly secure identification and personal verification technologies is becoming apparent. Biometric-based solutions are proficient to offer for confidential financial transactions.

Advance Market Analytics released the research report of Global Biometric Payment Market, offers a detailed overview of the factors influencing the global business scope. Biometric Payment Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Biometric Payment. This Report covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Thales Group (France), Fingerprint Cards (Sweden), IDEX Biometrics ASA (Norway), Fujitsu (Japan), Accenture (Ireland), Nayax (United States), Mastercard (United States), FingoPay (United Kingdom), Precise Biometrics (Sweden) and Visa, Inc. (United States).

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Market Leaders and their expansionary development strategies
On 17 June 2019, a World-leading biometrics company, Fingerprint Cards (Fingerprints) and Giesecke + Devrient Mobile Security, a global mobile security technology company, are collaborating to bring contactless biometric payment cards to the market. The card is featuring Fingerprints' T-Shape module which is part of the 1300-series. It has ultra-low power consumption and is tailored to be integrated into smartcards using standard processes. The card is featured in the recently announced pilot with Cr�dit Agricole in France, a top-three European bank.
On 3 October 2019, IDEX Biometrics ASA, the leading provider of advanced fingerprint identification and authentication solutions and IDEMIA, the global leader in Augmented Identity, has entered a worldwide license agreement for use of IDEX's on-card biometric enrollment intellectual property. Under the terms of the agreement, IDEX has granted IDEMIA a license to use certain IDEX patents in order to develop, manufacture and sell on-card enrollment devices while benefiting from IDEMIA's biometric card software expertise. and On 20 April 2017, Mastercard unveiled the next generation biometric card, combining chip technology with fingerprints to conveniently and safely verify the cardholder's identity for in-store purchases.

Market Trend
o The Use of Machine Learning For Biometric Payments
o Rise of Mobile & Multi-Modal Mobile-Based Biometric Authentication
o The Arrival of Biometric Payment Cards
o Biometrics Boosting Customer Experience

Market Drivers
o Rising Fraudulent Payment Incidences Worldwide
o The Increased Preference of Consumers towards Biometrics
o Payments Have Been the Major Driving Force for the Wide-Scale Adoption of Biometrics in the Consumer
o Technology Standardization
o Increasing Numbers of Internet and Smart Phone Users

Opportunities
o The Emerging Demand from Developing Nations
o Significant Opportunities from Financial Institutions

Restraints
o Rise of Security Fears among the Consumers

Challenges
o A High Cost of Biometric Cards

The Global Biometric Payment Market segments and Market Data Break Down are illuminated below:
by Type (Hardware {Biometric Payment Cards, Scanners, and Others}, Software, Services), Technology (Fingerprint, Voice, Face, Hand geometry, Iris, Signature, Others {Hand vein, Finger vein, Keystroke}), Industry Vertical (Banking and Finance, Health care, Public & Government, Insurance, Retail, Hospitality and Tourism, Education, Agriculture, Others)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Biometric Payment Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Biometric Payment market
Chapter 2: Exclusive Summary - the basic information of the Biometric Payment Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Biometric Payment
Chapter 4: Presenting the Biometric Payment Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Biometric Payment market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Biometric Payment Market is a valuable source of guidance for individuals and companies.

Data Sources & Methodology

The primary sources involves the industry experts from the Global Biometric Payment Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources - Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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