Second-Generation Biometric Payment Cards to Help Kick-Start the Market

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By Phil Sealy | 1Q 2021 | IN-6020

 

The Biometrics Payment Cards Market Is Moving in the Right Direction 

NEWS


The biometric payment card continues on its positive market pathway. Pilots are active globally, with the card form factor pitched as the next generation of payment card to help address contactless authentication in order to provide a future contactless payments experience without limits.

Fast forward to today, and it remains clear that ecosystem players are working toward a common goal, in terms of readying for mass production and significant volume orders. Although the biometric payment card market largely remains in the pilot phase, significant efforts are being undertaken across the entire value chain, in developing next-generation products and architectures to help reduce card manufacturing complexities and reduce components, with the ultimate goal of achieving a significant Average Selling Price (ASP) reduction to help kick-start the market.

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