{"id":20166,"date":"2025-03-19T14:03:51","date_gmt":"2025-03-19T14:03:51","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/high-costs-manufacturing-complexities-and-enrollment-fragmentation-keep-biometric-payment-cards-firmly-within-the-realms-of-niche\/"},"modified":"2025-03-19T14:03:51","modified_gmt":"2025-03-19T14:03:51","slug":"high-costs-manufacturing-complexities-and-enrollment-fragmentation-keep-biometric-payment-cards-firmly-within-the-realms-of-niche","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=20166","title":{"rendered":"High Costs, Manufacturing Complexities and Enrollment Fragmentation Keep Biometric Payment Cards Firmly Within the Realms of Niche"},"content":{"rendered":"\n\n\n
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Slower-than-expected adoption forces industry players to shift focus toward access control and\u00a0crypto cold wallets<\/i><\/p>\n

LONDON<\/span><\/span>, March 19, 2025<\/span><\/span> \/PRNewswire\/ — Despite significant investment,\u00a0biometric payment cards continue to struggle with mainstream adoption. According to a new report from global technology intelligence firm ABI Research<\/b>, in a conservative scenario, biometric payment card shipments will grow from an initial base of 310,000 units in 2023 to 1.27 million by 2029, with a more aggressive outlook projecting 43 million units\u2014still far from initial market expectations.<\/p>\n

“The reality is that\u00a0biometric payment cards are not going to become a mass-market solution anytime soon,” says Phil Sealy<\/span>, Research Director at ABI Research. “The high cost, combined with manufacturing and enrollment hurdles, means adoption will remain largely restricted to premium banking customers and niche applications. The industry must recalibrate its expectations and rethink forward-looking strategies.”<\/p>\n

There are three primary barriers preventing mass adoption:<\/p>\n