SmartMetric Points to Consumer Research That Shows Up to 86% of Consumers Are Interested in Using Biometric Technology to Verify Identity and Make Payments
The biometric payment cards market is growing because consumers use biometrics to unlock mobile phones, and desire to have a biometric sensor for easy payment processing. According to
The global biometric payment cards market size was valued at
It is projected to reach
“We at
The
Inside the card is also a hardware engineered solution that senses when an actual live fingerprint is used on the card that foils fake fingerprints from thieves.
“Our amazing fingerprint activated biometric credit card is years ahead of anyone else and will provide a quantum leap in anti credit card fraud for banks and consumers alike,” said
A fingerprint scan credit card is a type of biometric card that uses a built-in fingerprint scanner to verify the identity of the cardholder when they try to make a payment. This technology is designed to enhance the security and convenience of credit card transactions, especially for contactless payments as well as standard contact payments and ATM transactions.
It has taken years of research and development to perfect the internal power system within the
The
Credit cards still dominate the way consumer make payments. Non credit card payments such as phones account for less than 5% of payment transactions while the majority of transactions are done using either a credit or debit card.
According to a report published by Forbes Adviser on
1
Biometric Payment Cards Market Size Report, 2022 - 2030 (grandviewresearch.com)
2
Biometric Payment Cards Market Trends, Share, Size, Growth, Forecast 2030 (straitsresearch.com)
3
Credit Card Statistics And Trends 2024 – Forbes Advisor
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