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Global Biometrics for Payments Market 2018-2023: Technology Analysis, Adoption Strategies and Forecasts - There will be Over 2.6 Billion Biometric Payment Users by 2023

/EIN News/ -- Dublin, Nov. 12, 2018 (GLOBE NEWSWIRE) -- The "Biometrics for Payments; Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023 - Second Edition" report has been added to ResearchAndMarkets.com's offering.

This is the second edition of the Biometrics for Payments report, first published in 2015 that is an investigation into the use of biometric technology for payments.

It includes:

  • Review of current global adoption
  • Market analysis, including key drivers and barriers for adoption across a wide range of payment scenarios
  • Technology analysis
  • Analysis of important technology vendors and services providers operating in this sector
  • Forecasts for users and revenue within the six-year period 2018 to 2023

It also explores some of the key considerations for payment providers when deploying biometric technology including the impact of both state and industry regulation.

This research predicts that there will be over 2.6 billion biometric payment users by 2023 with the use of biometrics being driven by a number of factors including:

  • Desire for frictionless authentication while paying in all channels
  • The need to reduce payment fraud
  • Industry and state regulation
  • Technology standardisation

The report covers the following payment channels:

  • Physical locations using biometric technology integrated into payment terminals (Naked Payments), biometric payment cards or by using smart devices;
  • Digital Payments including eCommerce, mCommerce, wCommerce, IoT and Cryptocurrency; and
  • ATMs for cash and Cryptocurrency.

An investigation into adoption around the world includes biometrics being used for digital onboarding (eIDV), identity verification (proofing), payment user authentication, payment transaction authorisation and fraud detection.

Important biometric modalities for payments include fingerprint, voice, face, finger-vein, palm-vein, behavioural and iris. Emerging biometric modalities include heart (ECG) and palmprint.

Users (Regional and Global) - Users are broken down into technology and payment type as detailed below.

A total, combined, forecast is given for all biometric payments users.

  • Total Users
  • By Technology
    • Fingerprint
    • Voice
    • Iris
    • Behavioural
    • Finger-vein
    • Palm-vein
    • Palmprint [New for the second edition]
    • Heart
    • Face
  • By Payment Type (Regional and Global)
    • Physical location
  • Naked Payments: Integrated, or attached, biometric system into a Point-of-Sale terminal
  • Biometric Payment Card [New for the second edition]
    • eCommerce (web)
    • Mobile Payments
  • Physical (POS) [New for the second edition]
  • mCommercs (in-app payments) [New for second edition]
  • Mobile Payments - Combined
    • Cryptocurrency
    • Wearable Payments
    • IoT Payments [New for the second edition]
    • ATM (Cash)
  • Users
  • Total number of ATM Devices
  • Biometric Identity Verification for Payments - Biometric eIDV [New for second edition]
  • Biometric for Payments - by Architecture [New for the second edition]
    • Device-Based Biometric Payments [New for the second edition]
    • Cloud-Based Biometric Payments[New for the second edition]
  • Total Combined (Regional and Global)

The revenue forecasts, in USA Dollar, include separate figures for each biometric technology (modality), separate forecasts for biometric payment cards (embedded fingerprint sensors into plastic payment cards), biometric Identity verification for payments, by architecture (device and cloud-based), regional and combined figures.

Revenue (Regional and Global)

  • By biometric technology:
    • Fingerprint
    • Voice
    • Iris
    • Behavioural
    • Finger-vein
    • Palm-vein
    • Palmprint [New for the second edition]
    • Heart
    • Face
  • Total Combined
  • Biometric Identity Verification for Payments - Biometric eIDV [New for second edition]
  • Biometric for Payments - by Architecture [New for the second edition]
    • Device-Based Biometric Payments [New for the second edition]
    • Cloud-Based Biometric Payments[New for the second edition]
  • Biometric Payment Card - fingerprint sensors embedded into payment cards [New for the second edition]

Transaction forecasts are for total global payment transactions that are secured by biometric technology and the total global transaction value.

  • Total Transactions
  • Total Transaction Value (US$)

The report includes exclusive interviews with important stakeholders from the following companies:

  • Fingerprint Cards
  • FingoPay
  • Gemalto
  • HID Global
  • IDEMIA
  • IDEX
  • Precise Biometrics
  • Zwipe

Companies Mentioned

  • ABSA Bank
  • Access Softek
  • Agnitio
  • AimBrain
  • Alipay
  • American Express
  • AML Bitcoin
  • ANSI,
  • Apple
  • Applied Recognition
  • Areeba
  • ARM
  • Auraya Systems
  • B-Secur
  • Banco Bradesco
  • Bank Muscat
  • Bank of America
  • Bank of China
  • Bank of Cyprus
  • Bank of Korea
  • Bank of Lanzhou
  • Bankmobile
  • Barclays
  • BehavioSec
  • BIO-key
  • BioCatch
  • Biometric Signature ID
  • Biometrics
  • Braintree
  • Brightek
  • BSI
  • Cairo Amman Bank
  • Callsign
  • CardLab
  • Cardtech
  • Central Bank (ECB)
  • Certibio
  • CESG
  • Cifas
  • CLEAR
  • Cognitec
  • Crossmatch
  • Cryptovision
  • Cubic Transportation Systems
  • DAB
  • Daon
  • DARPA
  • Dermalog
  • Diamond Fortress
  • Diebold
  • Discover
  • EarlyWarning
  • Edgar Dunn & Company
  • EgisTech
  • EMVCo
  • Encap Security
  • Experian
  • eyeLock
  • FACE++
  • FaceTec
  • Federal Deposit Insurance Corporation
  • Federal Financial Institutions
  • Feitian
  • Fingerprint Cards
  • First Bitcoin Capital Corp
  • Fotonation,
  • Fujitsu
  • Fulcrum Biometrics
  • GBG IDScan
  • Gemalto
  • GOODIX
  • HID Lumidigm
  • Hitachi
  • HYPR Corp.
  • IDEMIA
  • IDEX
  • IDology
  • IEEE
  • InFocus
  • Innovatrics
  • International
  • IProov
  • IrisGuard
  • ISO
  • Ita Bank
  • JCB
  • Jinco
  • Jumio
  • KeyLemon
  • Kona I
  • Linxens
  • Lumidigm
  • M2Sys
  • Macau Monetary Authority
  • MasterCard
  • MeReal Biometrics,
  • Microsoft
  • Mitek Systems
  • MoneyOnMobile
  • Morpho
  • NCR
  • NEXT Biometrics
  • NICE
  • NIST
  • Nok Nok Labs
  • NTT DoCoMo
  • Nuance
  • NXP Semiconductors
  • Nymi
  • OKI
  • Onfido
  • OSRAM
  • PayPal
  • Princeton Identity
  • Printing
  • Qualcomm
  • RBS
  • Redrock Biometrics
  • Royal Bank of Canada
  • Royal Oman Police
  • RSA
  • SAMCO Inc.
  • Samsung
  • Samsung SDS
  • SecuredTouch
  • SmartMetric
  • SmilePass
  • SoftKinetic
  • Sonavation
  • Sthaler
  • Synaptics
  • Telesign
  • Tencent
  • The FIDO Alliance
  • Toppan
  • Trustonic
  • TypingDNA
  • UniCredit Bulbank
  • Unikeys
  • USAA
  • ValidSoft
  • Veridium ID
  • Verint
  • VISA
  • Vishay
  • VoiceTrust
  • VOXX
  • W3C
  • WeChat Pay
  • Wincor Nixdorf
  • WorldPay
  • Yoti
  • ZTE
  • Zwipe

For more information about this report visit https://www.researchandmarkets.com/research/jsrgpg/global_biometrics?w=12

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

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                    Related Topics: Biometrics 
                    

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