Summary
The fourth edition of Biometric Payments - Market & Technology Analysis, Adoption Strategies & Forecasts 2025-2030 is a 301 page market analyst report that provides detailed analysis of the market and adoption of biometrics for payments with six-year forecasts.
Description
Goode Intelligence forecasts that that 3.5 billion people will be benefiting from biometric technology to secure payments by 2030.
The 301 page report is the most comprehensive analysis of biometric payments investigating how biometrics is being integrated into all major parts of the payment process from onboarding, payment transacting, and fraud detection and prevention.
The report details current global adoption with market analysis including key drivers and barriers, interviews with leading stakeholders, technology analysis with review of key biometric technologies and profiles of companies supplying biometric systems for payments. It includes regional and global market forecasts for users, biometric modalities, devices, transactions and revenue for the six-year period from 2025 to 2030.
This report is available to purchase at £3,750.00 for an Enterprise+ license (includes full forecasts in Excel format, 12-month subscription for regular forecast updates, and a 20 minute analyst call).
Coverage
This is the fourth edition of the Goode Intelligence Biometrics for Payments report, first published in 2015 and refreshed in 2018, 2021, and now for 2025.
The reports covers:
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Investigation of important regulations and technology standards
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Analysis of where biometrics is being adopted in the payment process, from digital onboarding, payment transactions, and fraud detection / prevention
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Review of current global adoption
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Market analysis, including key drivers and barriers for adoption across a wide range of payment scenarios
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Technology analysis - what modalities are being adopted, where and why
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Analysis of important technology vendors and services providers operating in this sector, including exclusive interviews and vendor profiles
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Forecasts for users, biometric modalities, devices, transactions and revenue for the six-year period 2025 to 2030
The 301 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 with a track record of detailed analysis and accurate forecasts.
Key findings from the report include:
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A movement away from device-based to server-based biometric technology to support higher value payment transactions in the mobile channel.
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Increasing use of face biometrics and face liveness detection solutions to support identity verification and to prevent increasing levels of AI-driven fraud, including deepfakes.
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Strengthening adoption for Tokenless (naked) biometric payments leveraging integrated biometric sensors at the physical point of sale (POS).
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Rising levels of adoption for biometric technology in risk-based authentication and fraud management platforms to detect and prevent fraud.
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The emergence of age assurance as an important part of the payment process, meeting government age related regulation including the UK’s Online Safety Act (OSA).
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Biometric Payment Cards evolving into a premium card product that can meet accessibility requirements.
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Hybrid scenarios where a Biometric Digital ID offers payment as one of its applications/use cases in combination with:
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Permission to travel (Fast lane border control)
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Ticketing
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Loyalty programs
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Automotive
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In-cabin payments
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Support ride-share and autonomous
Alan Goode, founder and CEO of Goode Intelligence and author of the report, said “The pay by me revolution is well underway. Customers want choice for payments. They also want the assurance that payments are secure and safe. The payment experience also must be convenient with as little friction as possible. The average online cart abandonment rate currently stands at 70 percent, with 31 percent abandoned due to friction – often led by frustration of identity and authentication processes.”
“Biometrics for payments is increasingly a vital part of a payment service providers’ toolkit in the never-ending task of reducing financial fraud and ensuring that their customers can conveniently prove their identity and authorise transactions when paying for trillions of dollars’ worth goods and services in a variety of payment channels. Supporting customers for the entire payment journey in both physical and digital scenarios from onboarding (identity verification) to authentication, transaction authorisation and fraud detection / prevention.”
Biometric modalities covered include behavioral, face, fingerprint, finger-vein, palm-vein, palmprint, and voice. The report investigates adoption of biometric software and hardware.
The report forecasts that:
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There will be over 3.5 billion biometric payment users by 2030.
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Total revenue for biometric suppliers from payments will surpass $11.3 billion by 2030.
The report includes exclusive interviews with important stakeholders from the following companies, Daon, iProov, Nuggets, IDEX Biometrics, Next Biometrics, Tapeeze, and Thales.
The following companies are referenced in the report: Apple, ANSI, Ariadnext, Aadhaar, Apple Pay, Alipay, AU10TIX, American Express, Amazon Pay, Amazon One, Amadeus, Alibaba, Airport Authority of Hong Kong, Aramark, Allied Irish Bank (AIB), Bank of Korea, BehavioSec, Blik, BNP Paribas, Bank of China Hong King (BOCHK), Banco Bradesco, BioCatch, China Union Pay, Carte Bancaire, Cubic Transportation Systems, Clear, CDF-Lagardère, Crypto.com, CaxiaBank, Cerence, Cognitec, Daon, Diners Club, Danske Bank, Dermalog, Diebold, EMVco, Entrust, Eastern Bank PLC (EBL), Facebook (Meta), FIDO Alliance, Fujitsu, FacePhi, Feedzai, Face++, FaceTec, Fingerprint Cards, GBG, Google, Google Pay, G+D, Garanti BBVA, Gilbarco Veeder-Root, General Motors, Hong Kong International Airport (HKIA), HID Global, Honda, Hitachi, IDEMIA, IBM, ISO, iProov, IDnow, Idology, ID.me, IDPal, Incode, iDeal, IN Groupe, IDEX Biometrics, Itaú Bank, Iris ID, IPS Group, ID R&D, Innovatrics, Jumio, Japan Credit Bureau (JCB), J.P. Morgan, Klarna, LexisNexis Risk Solutions, Lumidigm, LumenVox, Microsoft, Mitek, Mox, Microblink, Mastercard, MODO, Mobikwik, Mercedes Benz, Megvii, M2SYS, Nuggets, NIST, Nok Nok Labs, NTT DoCoMo, NCR, NEC, Nuance, Next Biometrics, NICE, Onfido, OCR Labs, OCBC, Payments and Clearing Association of China, Persona, PayPal, Paytm, PhonePe, PopID, PayEye, Parkopedia, Paravision, Phonexia, Precise Biometrics, Qualcomm, Reserve Bank of India, Redrock Biometrics, Revelock, State Bank of Vietnam, Standard Chartered Bank, Samsung, Samsung Pay, Synaptics, Silone CardTechThales, Trulioo, Toppan Forms Card, Tapeeze, TECH5, Thames Technology, TypigDNA, Tencent, UK CESG, Veriff, Visa, Veridas, Worldpay, WeChat Pay, Yoti, and Zwipe.
