Latin America Biometric Payment Cards Market Size & Outlook
The biometric payment cards market in Latin America is expected to reach a projected revenue of US$ 66.4 million by 2030. A compound annual growth rate of 69.4% is expected of Latin America biometric payment cards market from 2024 to 2030.
Revenue, 2023 (US$M)
$1.7
Forecast, 2030 (US$M)
$66.4
CAGR, 2024 - 2030
68.8%
Report Coverage
Latin America
Latin America biometric payment cards market, 2018-2030 (US$M)
Related Markets
Latin America biometric payment cards market highlights
- The Latin America biometric payment cards market generated a revenue of USD 1.7 million in 2023.
- The market is expected to grow at a CAGR of 69.4% from 2024 to 2030.
- In terms of segment, credit cards was the largest revenue generating card type in 2023.
- Credit Cards is the most lucrative card type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1.7 million |
| Market revenue in 2030 | USD 66.4 million |
| Growth rate | 69.4% (CAGR from 2023 to 2030) |
| Largest segment | Credit cards |
| Fastest growing segment | Credit Cards |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Credit Cards |
| Key market players worldwide | IGO Ltd, BNP Paribas Act. Cat.A, IDEX Biometrics ASA, Infineon Technologies AG, NXP Semiconductors NV, Thales Group, Mastercard Inc Class A, Visa Inc Class A, Goldpac, Bio-Idz, Zwipe |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.6% of the global biometric payment cards market in 2023.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 633.1 million by 2030.
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Biometric Payment Cards Market Scope
Biometric payment cards market segmentation & scope
Biometric Payment Cards Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America biometric payment cards market size, by country, 2018-2030 (US$M)
Latin America Biometric Payment Cards Market Outlook Share, 2023 & 2030 (US$M)
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