ABI Research England United Kingdom

High Costs, Manufacturing Complexities and Enrollment Fragmentation Keep Biometric Payment Cards Firmly Within the Realms of Niche

are looking toward new opportunities, most notably within the access control and crypto cold wallet markets, where security concerns justify the added cost of biometric authentication. ABI Research predicts that by 2027-2029, these alternative markets will contribute significantly to overall biometric card adoption.

"Many ecosystem players have recognized that the payments market is unlikely to deliver the scale they initially envisioned," adds Sealy. "Despite the shift toward access control and crypto wallets, where biometric security can provide real value, it remains an extremely challenging market. This is echoed by the recent news that one of the market pioneers, Zwipe has filed for bankruptcy. Access control and crypto wallet ecosystems and partnerships must be developed and opened quickly. Without any tangible market success over the next 12 to 24 months, further consolidation and/or pulling investment away should be considered a more feasible likelihood."

These findings are from ABI Research's Innovative Payment Card Technologies Market Data Overview 1H 2025 report. This report is part of the company's Digital Payment Technologies research service, which provides in-depth research, data, and strategic insights into the evolving payment card industry.

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