High Costs, Manufacturing Complexities and Enrollment Fragmentation Keep Biometric Payment Cards Firmly Within the Realms of Niche - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # High Costs, Manufacturing Complexities and Enrollment Fragmentation Keep Biometric Payment Cards Firmly Within the Realms of Niche ##### Up next ###### [Cheetah Mobile To Report Fourth Quarter and Fiscal Year 2024 Financial Results on March 26, 2025](https://thailandbusinessnews.net/press-release/cheetah-mobile-to-report-fourth-quarter-and-fiscal-year-2024-financial-results-on-march-26-2025/) Published on 19 March 2025 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) ![](https://mma.prnasia.com/media2/2309035/ABI_Research_2024.jpg?p=medium600 "logo") Slower-than-expected adoption forces industry players to shift focus toward access control and crypto cold wallets LONDON, March 19, 2025 /PRNewswire/ — Despite significant investment, biometric payment cards continue to struggle with mainstream adoption. According to a new report from global technology intelligence firm ABI Research, 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—still far from initial market expectations. "The reality is that biometric payment cards are not going to become a mass-market solution anytime soon," says Phil Sealy, 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." There are three primary barriers preventing mass adoption: Manufacturing Complexities: High production costs and low yield rates make large-scale deployment challenging. Pricing Limitations: Biometric cards currently cost US$15 to US$20 per unit, nearly 10 times the price of a standard contactless card. Enrollment Challenges: The lack of a standardized, scalable enrollment process continues to slow down adoption. Given these limitations, vendors such as [IDEMIA](https://c212.net/c/link/?t=0&l=en&o=4386261-1&h=3774921361&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fidemia&a=IDEMIA), [Thales](https://c212.net/c/link/?t=0&l=en&o=4386261-1&h=3169908971&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fthales&a=Thales), and [IDEX Biometrics](https://c212.net/c/link/?t=0&l=en&o=4386261-1&h=1838778544&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fidex-biometrics&a=IDEX+Biometrics) 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](https://c212.net/c/link/?t=0&l=en&o=4386261-1&h=274488313&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fzwipe&a=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](https://c212.net/c/link/?t=0&l=en&o=4386261-1&h=3498630831&u=https%3A%2F%2Fwww.abiresearch.com%2Fmarket-research%2Fproduct%2F7785497-innovative-payment-card-technologies-marke&a=Innovative+Payment+Card+Technologies+Market+Data+Overview+1H+2025) report. This report is part of the company’s [Digital Payment Technologies](https://c212.net/c/link/?t=0&l=en&o=4386261-1&h=2099626285&u=https%3A%2F%2Fwww.abiresearch.com%2Fmarket-research%2Fservice%2Fdigital-payment-technologies&a=Digital+Payment+Technologies) research service, which provides in-depth research, data, and strategic insights into the evolving payment card industry. About ABI Research ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。 For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit [www.abiresearch.com](https://c212.net/c/link/?t=0&l=en&o=4386261-1&h=3920060842&u=https%3A%2F%2Fwww.abiresearch.com%2F%3Futm_source%3Dmedia%26utm_medium%3Demail&a=www.abiresearch.com). Contact Info:Global Deborah Petrara Tel: +1.516.624.2558 [Source link ](https://www.prnasia.com/story/archive/4644441_AE44441_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. 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