Biometric Payment Market to See Booming Growth | Precise Biometrics, Mastercard, Nayax, Thales Group, Fingerprint Cards

Advance Market Analytics published a new research publication on "Global Biometric Payment Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Biometric Payment market was mainly driven by the increasing R&D spending across the world.

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Major players profiled in the study are:
Thales Group (France), Fingerprint Cards (Sweden), IDEX Biometrics ASA (Norway), Fujitsu (Japan), Accen ture (Ireland), Nayax (United States), Mastercard (United States), FingoPay (United Kingdom), Precise Biometrics (Sweden), Visa, Inc. (United States)

Scope of the Report of Biometric Payment
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.

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.

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.

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)

Market Opportunities:
• The Emerging Demand from Developing Nations
• Significant Opportunities from Financial Institutions

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

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

What can be explored with the Biometric Payment Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyze and Measure the Global Biometric Payment Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Biometric Payment
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals

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 & Opportunities 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/Country 2016-2021
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/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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

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