Report Summary

The third edition of Biometric Payments - Market & Technology Analysis, Adoption Strategies & Forecasts 2021-2026 is a 336 page analyst report that provides detailed analysis of the market and adoption of biometrics for payments.

Author: Alan Goode
Number of Pages: 336

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Full Product Description

The 336 page report is the most comprehensive analysis of biometric payments and investigates the current global adoption with market analysis including key drivers and barriers for adoption, interviews with leading stakeholders, technology analysis with review of key biometric technologies and profiles of companies supplying biometric systems for payments. It also includes regional and global market forecasts for users, devices, transactions and revenue for the six-year period from 2021 to 2026.

This report is available from £3,500.00, for an Enterprise licence, and £3,750.00 for an Enterprise+ license (includes full forecasts in Excel format and a 20 minute analyst call). Please contact us on if you require further information.


This is the third edition of the Goode Intelligence 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
• Impact of COVID-19 Pandemic
• Analysis of important technology vendors and services providers operating in this sector
• Forecasts for users and revenue within the six-year period 2021 to 2026

The 336 page report is the most detailed and comprehensive guide to the market for biometrics for payments published to date exploring the adoption of biometric technology for payments across all major payment channels – from traditional to emerging – delivered by the world’s leading biometrics analyst company.

The impact from the Covid-19 pandemic on the use of biometrics has been enormous with people increasingly using online services and many making payments online for the first time. Reservations about using shared PIN-PADs and POS devices in physical locations has resulted in an acceleration of mobile wallet usage and made biometric payment cards even more attractive to consumers. Consequently the decline in using cash has accelerated across the globe.

Alan Goode, founder and CEO of Goode Intelligence and author of the report, said “The future is contactless for physical, in-store payments. Mobile wallets powered by biometric authentication have been a success for both in-store and digital payments. Their growth has accelerated during the pandemic as they are both contactless and do not have spending limits versus current EMV contactless cards which do have limits. Going forward, we forecast that mobile wallets will split their market share with contactless biometric payment cards which offer similar benefits and convenience.

“Looking even further ahead, we predict that the future will be tokenless – no card, no phone, no watch – just you. With ever increasing improvements in performance of biometric systems they are likely to become good enough to be used on their own without a token to authenticate customers and approve payment transactions – enabling the ‘pay by me’ service to emerge.”

In addition to mobile, a number of emerging areas offering high-growth opportunities are identified in the report including:
• Biometric Payment Card
• Tokenless (naked) payments
• Hybrid scenarios where a Biometric Digital ID offers payment as one of its applications/use cases in combination with:
­- Permission to travel (Fast lane border control)
­- Ticketing
- Loyalty programs
• Automotive

The report reveals that a combination of technology challenges and the pandemic has delayed the large-scale rollout of biometric payment cards by two to three years. Alan Goode said, “We expect a maximum of 2.9m cards to be shipped during 2021. For 2026 however, we forecast that at least one fifth of all payment cards shipped that year will be biometric.”

The report further forecasts that:
• Global biometric payments to the value of $5.765 trillion will be made annually by 2026
• There will be over three billion biometric payment users by 2026

The report includes exclusive interviews with important stakeholders from the following companies, Fingerprint Cards, IDEMIA, Nuggets, IDEX Biometrics, Thales and Zwipe.

The following companies are referenced in the report: Aadhaar, ABSA Bank, Airbnb, Alipay, Amazon, American Express, ANSI, Applied Recognition, Apple, Areeba, ARM, Banco Bradesco, Bank of Lanzhou, Bank Muscat, Bank of America, Bank of China, Bank of China Hong Kong, Bank of Cyprus, Bank of Korea, Barclays Bank, BNP Paribas, BehavioSec, BioCatch, BioNetra, Biometric Signature ID, Braintree, B-Secur, BSI, Buguroo, Cairo Amman Bank, CaxiaBank, CardLab, Cardtech, CESG, Cifas, China Unionpay, CLEAR, Cognitec, Cornercard, Credit Agricole, Crossmatch, Cryptovision, Cubic Transportation Systems, DAB Bank, Daon, DARPA, Dermalog, Diebold Nixdorf, Discover, EgisTech, EMVCo, Etherium, European Central Bank (ECB), European Union (EU), eyeLock, Expedia, Experian, FaceTec, FACE++, FacePhi, Federal Deposit Insurance Corporation, Federal Financial Institutions Examination Council (FFIEC), Feitian, Financial Conduct Authority (FCA), Financial Fraud Action (FFA), Fingerprint Cards, Fingo, Fujitsu, Fulcrum Biometrics, Gemalto, General Motors, Gentex, Gilbarco Veeder-Root, Google, G+D, HID Lumidigm, Hitachi, IBM, IDEMIA, IDEX Biometrics, IDology, IEEE, InFocus, ING, Innovatrics, IProov, IrisGuard, ISO, Itaú Bank , Jaguar Landrover, JCB, Jinco, Kona I, Linxens, LumenVox, Macau Monetary Authority, MasterCard, MeReal Biometrics, Mercedes Benz, Microsoft, Mountain America Credit Union, M2Sys, National Credit Union Administration, NatWest Bank, NEXT Biometrics, NICE, NIST, NCR, NEXT Biometrics, Nok Nok Labs, NTT DoCoMo, Nuance, Nuggets, Nymi, NXP Semiconductors, Office of the Comptroller of the Currency (OCC), OKI, Qualcomm, OP Financial Group, PayByPhone, PayEye, PayPal, PCI, Phonexia, Preciate, Precise Biometrics, Princeton Identity, RBS, Redrock Biometrics, Rocker, Royal Bank of Canada, Samsung, Sao Paolo Bank, SecuredTouch, SmartMetric, Starbucks, Silone CardTech, Societe Generale, Sthaler, Synaptics, Tag Systems Group, Tencent, Thales, The FIDO Alliance, TietoEVRY, Toppan Forms Card, TypingDNA, Uber, UniCredit Bulbank, USAA, US Federal Reserve, VISA, VOXX International, WeChat Pay, Wincor Nixdorf, WorldPay, W3C, Yoti, Zwipe.