The Future of In-Store Payments: Biometric Innovations

The biometric in-store payments market is expected to grow exponentially from 2024 to 2028, with a forecasted total transaction value of $1.2 trillion by 2028. This growth is driven by the increasing adoption of biometric payment solutions, which provide greater ease and security for merchants and consumers.

The biometric in-store payments research suite provides in-depth analysis and evaluation of the in-store payments ecosystem, focusing on palm vein, fingerprint recognition, facial recognition, and iris recognition technologies. The suite includes a data deliverable, sizing the market and providing key forecast data across 60 countries and several different segments, as well as a Strategy & Forecasts document that gives a complete assessment of the key trends, challenges, and recommendations for stakeholders.

Key statistics from the report include a total transaction value of $429.1 billion in 2024 and a market growth rate of 113.6% from 2024 to 2028. The report also provides key features such as market dynamics, insights into key trends and market expansion challenges, and potential benefits for the in-store retail market.

The report also includes benchmark industry forecasts, including forecasts for total number of biometric-enabled POS terminals, transactions, and spend via biometric in-store payments, split by mPOS and dedicated POS. Additionally, the report features a competitor leaderboard, assessing the key player capability and capacity for 16 biometric in-store payments vendors, including Alipay, Amazon, Fingerprints, G+D, IDEMIA, IDEX, Ingenico, JPMorgan, Mastercard, OVE Touch&Go, PayByFace, PayEye, Pop ID, Telpo, Tencent, and Thales.

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Q: What is the forecasted total transaction value of biometric in-store payments by 2028?

A: $1.2 trillion

Q: What is the market growth rate of biometric in-store payments from 2024 to 2028?

A: 113.6%

Q: What are the key technologies focus areas of biometric in-store payments?

A: Palm vein, fingerprint recognition, facial recognition, and iris recognition

Q: How many biometric in-store payments vendors are assessed in the report?

A: 16

Q: What is the purpose of the biometric in-store payments research suite?

A: To provide in-depth analysis and evaluation of the in-store payments ecosystem and to shape the future business model of payment companies, biometric card manufacturers, and biometric in-store terminal vendors