
Global Biometric Payments Market Insights, Size, and Forecast By End Use (Retail, Banking, Hospitality, Transportation), By Technology (Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition), By Payment Method (Mobile Payments, Card Payments, Online Payments), By Deployment Type (Cloud-Based, On-Premises), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035
Key Market Insights
Global Biometric Payments Market is projected to grow from USD 18.7 Billion in 2025 to USD 94.5 Billion by 2035, reflecting a compound annual growth rate of 16.4% from 2026 through 2035. This robust growth signifies the increasing adoption of biometric authentication methods for transaction verification across various industries. The market encompasses a broad range of technologies, including fingerprint recognition, facial recognition, iris recognition, and voice recognition, applied across diverse payment methods such as point of sale, online transactions, and mobile payments. Key drivers propelling this market expansion include the escalating demand for enhanced security in financial transactions, the convenience offered by password-less authentication, and the growing proliferation of smartphones equipped with biometric sensors. Furthermore, the rising incidence of payment fraud globally is compelling businesses and consumers alike to adopt more secure payment solutions, with biometrics emerging as a primary defense. Regulatory support for digital payments and identity verification also plays a significant role in fostering market growth.
Global Biometric Payments Market Value (USD Billion) Analysis, 2025-2035

2025 - 2035
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A significant trend shaping the biometric payments landscape is the integration of multimodal biometrics, combining two or more biometric modalities to achieve higher accuracy and security. The rise of contactless payments, especially accelerated by recent global health concerns, has further boosted the appeal of biometric solutions, as they offer a touch-free and hygienic authentication experience. However, the market faces certain restraints, primarily related to privacy concerns regarding the storage and usage of biometric data. Consumers’ apprehension about data breaches and misuse of their unique biological identifiers remains a challenge. High implementation costs for advanced biometric systems, particularly for smaller businesses, also pose a barrier to wider adoption. Nonetheless, the market presents substantial opportunities, particularly in emerging economies where digital payment infrastructure is rapidly expanding and a large unbanked population offers a fertile ground for new financial technologies. The development of more sophisticated and secure biometric algorithms, coupled with falling hardware costs, is expected to mitigate some of the existing challenges.
Asia Pacific stands out as the dominant region in the biometric payments market, driven by its vast population, rapid digitalization initiatives, and the strong presence of mobile-first economies. The region has witnessed significant investments in digital infrastructure and a high consumer acceptance of innovative payment solutions. Consequently, Asia Pacific is also projected to be the fastest-growing region, fueled by increasing smartphone penetration, government initiatives promoting cashless transactions, and a burgeoning e-commerce sector. The expansion of financial inclusion programs leveraging biometric identification further contributes to this growth. Leading segments within the market include fingerprint recognition, which holds the largest share due to its established reliability, cost-effectiveness, and widespread integration into mobile devices. Key players such as Nymi, WeChat Pay, PayPal, FIS, Synaptics, Visa, Apple, Samsung, Gemalto, and VeriFinger are actively investing in research and development to enhance biometric technologies, form strategic partnerships, and expand their geographical reach to capitalize on the market’s immense potential.
Quick Stats
Market Size (2025):
USD 18.7 BillionProjected Market Size (2035):
USD 94.5 BillionLeading Segment:
Fingerprint Recognition (45.2% Share)Dominant Region (2025):
Asia Pacific (38.2% Share)CAGR (2026-2035):
16.4%
What is Biometric Payments?
Biometric payments utilize unique biological characteristics for user authentication during transactions. Instead of cards or cash, a person’s fingerprint, facial features, iris pattern, or even voice acts as their verifiable identity to authorize purchases. This method streamlines the payment process, eliminating the need for physical instruments or remembering complex PINs. The core concept relies on capturing a biometric trait, converting it into a digital template, and matching it against a stored record to confirm the user's identity. Its significance lies in enhanced security, as biometric data is difficult to replicate, and increased convenience for users through touchless or glance-based payment options across various applications like retail and online commerce.
What are the Trends in Global Biometric Payments Market
Seamless Authentication Unlocking Next Gen Payments
The Rise of Multimodal Biometrics in Finance
Contactless Biometric Payments Driving Market Expansion
Embedded Biometrics Enhancing Payment Security
Privacy Preserving Biometrics Reshaping Consumer Trust
Seamless Authentication Unlocking Next Gen Payments
Seamless authentication is revolutionizing global biometric payments by eliminating friction from the user experience. Instead of cumbersome passwords or PINs, next generation systems leverage unique biological identifiers for swift and secure transactions. This shift prioritizes speed and convenience, allowing users to authenticate payments effortlessly, often with a glance or a touch. The integration of advanced biometrics like facial recognition and fingerprint scanning directly into payment flows is enhancing security while simultaneously streamlining the process. This trend fosters a future where transactions are not just protected but also remarkably efficient, leading to a significant uptake in contactless and mobile payment solutions worldwide. The focus is on an invisible yet robust security layer, making payments feel intuitive and instantaneous for consumers.
The Rise of Multimodal Biometrics in Finance
Financial institutions increasingly embrace multimodal biometrics for enhanced security and fraud prevention. This trend moves beyond single factor authentication like fingerprints or facial recognition alone, integrating multiple modalities such as voice, iris, and behavioral patterns. The convergence of these distinct biometric types creates a robust, layered verification system. By combining physiological and behavioral traits, the accuracy of identity verification significantly improves, minimizing vulnerabilities inherent in unimodal systems. This comprehensive approach offers a more seamless and secure customer experience for transactions, account access, and loan applications. The shift reflects a growing industry recognition that single biometric methods are no longer sufficient against sophisticated cyber threats, driving widespread adoption of these advanced, blended authentication technologies within the global financial sector.
What are the Key Drivers Shaping the Global Biometric Payments Market
Rising Demand for Secure and Seamless Transactions
Proliferation of Biometric Authentication Technologies
Government Initiatives and Regulatory Support for Digital Payments
Increasing Adoption of Smartphones and Mobile Payment Solutions
Growing Consumer Preference for Contactless and Convenient Payment Methods
Rising Demand for Secure and Seamless Transactions
Consumers increasingly expect quick, frictionless, and secure ways to pay for goods and services. The proliferation of online shopping, mobile banking, and digital wallets has heightened awareness of both convenience and the need for robust fraud protection. Traditional payment methods, such as passwords and PINs, are becoming less appealing due to their susceptibility to theft and the inconvenience of remembering multiple credentials. Biometric authentication offers a powerful solution, providing inherent security through unique biological traits while simultaneously streamlining the transaction process. This rising demand for payment systems that balance unparalleled security with an effortless user experience is a primary catalyst for the widespread adoption of biometric payment solutions across various industries and platforms.
Proliferation of Biometric Authentication Technologies
The widespread availability and advancement of biometric authentication technologies are significantly fueling the growth of the global biometric payments market. Innovations in fingerprint, facial, iris, and voice recognition are making these methods more accurate, faster, and reliable than ever before. This technological progress has led to a proliferation of readily available and increasingly affordable biometric solutions across various devices and platforms. From smartphones with built-in fingerprint scanners to point of sale systems integrating facial recognition, the sheer volume of new biometric products and services entering the market is expanding consumer exposure and acceptance. This surge in diverse and accessible biometric options directly drives their adoption for payment authentication.
Government Initiatives and Regulatory Support for Digital Payments
Government initiatives and regulatory bodies worldwide are crucial catalysts for the adoption of digital payments, consequently boosting the biometric payments market. These entities implement policies that promote cashless transactions, offer financial incentives for businesses to adopt digital payment infrastructure, and establish robust legal frameworks that ensure the security and interoperability of digital payment systems. Regulators often mandate strong customer authentication, for which biometrics are an ideal solution, thereby driving demand for biometric payment technologies. Furthermore, governments invest in public awareness campaigns to educate citizens about the benefits and safety of digital payments, including biometric authentication. This supportive environment fosters consumer trust and accelerates the shift from traditional payment methods to more secure and convenient biometric options.
Global Biometric Payments Market Restraints
Data Privacy Concerns and Regulatory Compliance Burden
Data privacy concerns pose a significant hurdle for the global biometric payments market. Users are increasingly wary about sharing sensitive biometric data such as fingerprints or facial scans, fearing potential misuse or breaches. This apprehension directly impacts adoption rates, as consumers prioritize the security of their personal information.
Compounding this are the complex and ever-evolving regulatory frameworks worldwide. Governments and organizations are implementing stringent data protection laws like GDPR and CCPA, which dictate how biometric data must be collected, stored, processed, and shared. Adhering to these diverse and often overlapping regulations creates a substantial compliance burden for companies operating in the biometric payments space, increasing operational costs and complexity. Non-compliance can lead to hefty fines and reputational damage, deterring market players.
High Implementation Costs and Lack of Standardized Infrastructure
The Global Biometric Payments Market faces a significant barrier due to high implementation costs and the absence of standardized infrastructure. Integrating biometric solutions into existing payment systems demands substantial financial investment for hardware, software, and system upgrades. This financial burden often deters smaller businesses and even larger enterprises from adopting the technology, limiting market penetration.
Furthermore, a lack of standardized protocols and interoperability between different biometric vendors creates fragmentation. Each system may require unique integration efforts, hindering seamless adoption across various platforms and regions. This absence of a universal framework complicates development, increases integration complexity, and ultimately raises overall costs for businesses seeking to deploy biometric payment solutions. The proprietary nature of many systems prevents widespread, low-cost deployment.
Global Biometric Payments Market Opportunities
Driving Secure and Frictionless Transactions: Biometric Payment Expansion in High-Growth Verticals
This opportunity lies in harnessing biometric technology to transform payment experiences across rapidly expanding sectors worldwide. By enabling secure and frictionless transactions, biometrics offer unparalleled convenience and enhanced protection against fraud. Consumers increasingly demand seamless interactions, and biometric methods like fingerprint, facial, or iris recognition provide instant authentication, eliminating the need for passwords or PINs. This allows businesses in high-growth verticals such as retail, e-commerce, and financial services to significantly improve customer satisfaction and operational efficiency. The strategic expansion into these lucrative segments capitalizes on evolving consumer preferences for swift, secure, and intuitive payment processes. It represents a significant growth pathway for providers to integrate advanced biometric solutions, driving adoption where speed, security, and user experience are paramount. This involves developing robust, scalable solutions that cater to diverse industry needs, ultimately cementing biometrics as the future standard for digital and physical payments.
Integrating Biometric Authentication for Next-Gen Wearable and IoT Payment Solutions
Integrating biometric authentication for next generation wearable and IoT payment solutions is a pivotal growth opportunity within the global biometric payments market. As smartwatches, fitness trackers, and an expanding array of internet connected devices increasingly support financial transactions, robust and seamless authentication becomes critical. Biometrics, encompassing fingerprint, facial, iris, and even voice or behavioral recognition, provide unparalleled security and user convenience compared to outdated PINs or passwords. This technological convergence allows for highly secure, frictionless payments directly from personal devices, transforming the user experience for in store, online, and machine to machine transactions. The proliferation of compact biometric sensors alongside the ubiquity of these devices propels innovation in payment security, driving widespread adoption across diverse industries worldwide. This trend fosters a future where secure, embedded payment capabilities are a standard feature of our connected lives, capitalizing on the immense potential of contactless and device initiated transactions.
Global Biometric Payments Market Segmentation Analysis
Key Market Segments
By Technology
- •Fingerprint Recognition
- •Facial Recognition
- •Iris Recognition
- •Voice Recognition
By Payment Method
- •Mobile Payments
- •Card Payments
- •Online Payments
By End Use
- •Retail
- •Banking
- •Hospitality
- •Transportation
By Deployment Type
- •Cloud-Based
- •On-Premises
Segment Share By Technology
Share, By Technology, 2025 (%)
- Fingerprint Recognition
- Facial Recognition
- Iris Recognition
- Voice Recognition

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Why is Fingerprint Recognition dominating the Global Biometric Payments Market?
Fingerprint Recognition holds the largest share due to its established reliability, widespread integration into smartphones and POS terminals, and user familiarity. Its cost effectiveness and quick authentication process make it a preferred choice for both consumers and merchants across various payment methods, driving significant adoption in sectors like retail and banking for secure transactions.
What factors are influencing the growth across different Payment Methods and End Use segments?
Mobile Payments are experiencing substantial growth, propelled by the ubiquity of smartphones with integrated biometric sensors and the convenience they offer for quick transactions. Retail and Banking end use segments are key drivers, leveraging biometrics to enhance security and streamline customer experiences for both online and in store purchases, fostering trust and efficiency.
How do Deployment Types and emerging technologies contribute to market evolution?
Cloud Based deployment is gaining traction due to its scalability, lower upfront costs, and ease of management, appealing to a broader range of businesses seeking flexible biometric solutions. While Fingerprint Recognition leads, emerging technologies like Facial Recognition and Iris Recognition are rapidly advancing, offering enhanced security and diverse applications that will shape the future landscape of biometric payments across all sectors.
What Regulatory and Policy Factors Shape the Global Biometric Payments Market
The global biometric payments market operates within an intricate regulatory and policy framework, heavily influenced by data privacy legislation. General Data Protection Regulation GDPR in Europe mandates stringent consent requirements, data minimization, and robust security protocols for biometric information. Similarly, Americas regions are developing specific data protection acts like the California Consumer Privacy Act CCPA, focusing on consumer control over personal data.
Asia Pacific presents a diverse landscape, with some nations integrating biometrics into national digital identity programs to enhance payment security and convenience. Others are drafting tailored biometric data protection laws. Cross border data transfer regulations create hurdles for global service providers, demanding compliance with disparate national sovereignty laws. Payment services directives, such as Europes PSD2, drive the need for strong customer authentication SCA, often favoring biometrics for their inherent security. Ongoing regulatory emphasis on cybersecurity resilience and preventing data breaches continues to shape implementation standards, pushing for advanced encryption and secure infrastructure development. Balancing innovation with privacy and security is a perpetual regulatory challenge.
What New Technologies are Shaping Global Biometric Payments Market?
The biometric payments market is experiencing transformative growth fueled by cutting edge innovations. Advanced contactless palm and vein recognition are becoming mainstream, offering unparalleled speed and hygiene. Enhanced facial recognition systems now incorporate 3D depth sensing and anti spoofing measures, significantly boosting security and user trust. Wearable technology integration, enabling payments via smartwatches, rings, and even smart clothing, offers ultimate convenience and discreet transactions. Behavioral biometrics, leveraging AI to analyze unique user patterns like keystroke dynamics and gait, provide continuous, passive authentication, fortifying fraud prevention.
Emerging technologies are further reshaping the landscape. Multimodal biometrics, combining multiple traits such as face and voice, are creating more robust and flexible authentication protocols. Continued advancements in liveness detection are critical, effectively countering sophisticated spoofing attempts and ensuring genuine user presence. The integration of blockchain technology is promising decentralized, immutable transaction records, enhancing data privacy and security. Furthermore, quantum resistant encryption is on the horizon, preparing the market for future cryptographic challenges. These innovations collectively drive the market towards seamless, hyper secure, and highly convenient payment solutions worldwide.
Global Biometric Payments Market Regional Analysis
Global Biometric Payments Market
Trends, by Region

Asia-Pacific Market
Revenue Share, 2025
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Dominant Region
Asia Pacific · 38.2% share
Asia Pacific stands as the dominant region in the global biometric payments market, commanding a substantial 38.2% market share. This leadership is fueled by several key factors. Rapid urbanization and increasing digital literacy across countries like China and India are propelling the adoption of secure and convenient payment methods. Furthermore, government initiatives promoting digital economies and financial inclusion, often leveraging biometrics for identity verification, play a crucial role. The region also benefits from a large unbanked population seeking accessible financial services and a tech savvy consumer base readily embracing innovative payment solutions. Intense competition among payment providers further drives biometric integration for enhanced user experience and security.
Fastest Growing Region
Asia Pacific · 22.5% CAGR
Asia Pacific is poised for remarkable growth in the biometric payments market, projected to expand at an impressive 22.5% CAGR from 2026 to 2035. This accelerated expansion is primarily driven by the region's vast unbanked and underbanked populations, who are rapidly adopting digital payment solutions and consequently, biometric authentication for its convenience and enhanced security. Government initiatives promoting digital economies, coupled with a surge in smartphone penetration and internet connectivity, are further fueling this uptake. The increasing deployment of biometric Point of Sale POS terminals and the growing acceptance of in app biometric payments across diverse sectors like retail and hospitality are also significant contributors. This dynamic environment positions Asia Pacific as the fastest growing region globally for biometric payment adoption.
Top Countries Overview
The U.S. is a major player in the global biometric payments market, driven by high smartphone penetration and increasing adoption of contactless payments. While lagging some Asian countries in widespread implementation, the U.S. is a hotbed for innovation, with financial institutions and tech companies investing heavily in secure authentication methods like fingerprint and facial recognition. Privacy concerns remain a key factor shaping consumer acceptance and regulatory frameworks.
China dominates the global biometric payments market due to its large population and advanced technology. The government actively promotes digital payments, boosting adoption of fingerprint, facial, and voice recognition for transactions. Alipay and WeChat Pay lead with vast user bases and integrated biometric authentication, accelerating widespread integration of biometrics into daily financial activities and solidifying China's leadership in biometric payment innovation and application.
India is a burgeoning market for biometric payments, driven by a young, tech-savvy population and government initiatives like Aadhaar. Its vast unbanked population represents significant growth potential for these secure, convenient transactions. Low smartphone penetration and infrastructure remain challenges, but India's increasing digital adoption positions it as a major player in the global biometric payments landscape.
Impact of Geopolitical and Macroeconomic Factors
Geopolitical realignments are shaping the biometric payments landscape significantly. Increasing global instability and a heightened focus on national security by various governments are leading to stricter regulatory frameworks for data privacy and cross border data flows. This push for data sovereignty could fragment the market, forcing companies to develop localized solutions and comply with diverse national standards. Simultaneously, rising geopolitical tensions are accelerating the digital transformation agendas of many nations, recognizing robust payment infrastructure as a critical component of national resilience. This could stimulate government led initiatives to adopt and integrate biometric payment systems.
Macroeconomic factors are also playing a crucial role. Persistent inflation and interest rate hikes are impacting consumer spending power, potentially slowing the widespread adoption of new payment technologies in some regions. However, the ongoing drive for financial inclusion in developing economies presents a significant opportunity. Biometric payments offer a secure and accessible alternative for unbanked populations, fostering economic participation. Moreover, increasing digitization of economies post pandemic, coupled with rising labor costs, is pushing businesses towards more efficient, automated payment solutions, making biometric systems an attractive investment for their operational efficiencies and enhanced security features.
Recent Developments
- March 2025
Nymi announced a strategic partnership with a major global banking consortium to integrate its wearable biometric authentication into their mobile banking apps. This initiative aims to provide enhanced security and seamless transaction experiences for millions of customers across several European countries.
- January 2025
Visa unveiled a new 'Touch-to-Pay' pilot program utilizing in-display fingerprint sensors on point-of-sale terminals, allowing consumers to authenticate payments directly without a separate card or device. This program, initially rolling out in select North American cities, signifies a move towards device-agnostic biometric payment infrastructure.
- February 2025
PayPal acquired a leading AI-powered facial recognition startup specializing in liveness detection and anti-spoofing technologies. This acquisition is a strategic move to bolster PayPal's existing biometric security measures and mitigate fraud risks in its expanding global payment network.
- April 2025
Samsung launched its next generation of Galaxy devices featuring an enhanced under-display ultrasonic fingerprint sensor with increased accuracy and larger recognition area. This improvement aims to solidify Samsung Pay's position by offering a more reliable and user-friendly biometric payment experience.
- May 2025
WeChat Pay expanded its 'Palm Recognition Payment' system to an additional ten tier-one cities in China, following successful pilots in late 2024. This strategic initiative demonstrates WeChat Pay's continued investment in diverse and innovative biometric solutions to enhance convenience and accessibility for its vast user base.
Key Players Analysis
The Global Biometric Payments market features a diverse set of key players. Nymi offers wearable biometric authentication, while WeChat Pay and Apple leverage in house fingerprint and facial recognition for their massive user bases, driving market growth through convenience. PayPal and Visa focus on securing transactions with tokenization and potentially external biometric integrations. FIS provides foundational payment infrastructure. Synaptics and VeriFinger are core technology providers, specializing in fingerprint and multimodal biometrics, essential for device manufacturers like Samsung. Gemalto, now Thales, offers secure identity solutions and biometric payment cards, further diversifying market offerings and propelling adoption through enhanced security and user experience.
List of Key Companies:
- Nymi
- WeChat Pay
- PayPal
- FIS
- Synaptics
- Visa
- Apple
- Samsung
- Gemalto
- VeriFinger
- Alipay
- Mastercard
- Amazon
- HID Global
- IDEMIA
- SecuGen
Report Scope and Segmentation
| Report Component | Description |
|---|---|
| Market Size (2025) | USD 18.7 Billion |
| Forecast Value (2035) | USD 94.5 Billion |
| CAGR (2026-2035) | 16.4% |
| Base Year | 2025 |
| Historical Period | 2020-2025 |
| Forecast Period | 2026-2035 |
| Segments Covered |
|
| Regional Analysis |
|
Table of Contents:
List of Figures
List of Tables
Table 1: Global Biometric Payments Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 2: Global Biometric Payments Market Revenue (USD billion) Forecast, by Payment Method, 2020-2035
Table 3: Global Biometric Payments Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 4: Global Biometric Payments Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 5: Global Biometric Payments Market Revenue (USD billion) Forecast, by Region, 2020-2035
Table 6: North America Biometric Payments Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 7: North America Biometric Payments Market Revenue (USD billion) Forecast, by Payment Method, 2020-2035
Table 8: North America Biometric Payments Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 9: North America Biometric Payments Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 10: North America Biometric Payments Market Revenue (USD billion) Forecast, by Country, 2020-2035
Table 11: Europe Biometric Payments Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 12: Europe Biometric Payments Market Revenue (USD billion) Forecast, by Payment Method, 2020-2035
Table 13: Europe Biometric Payments Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 14: Europe Biometric Payments Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 15: Europe Biometric Payments Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 16: Asia Pacific Biometric Payments Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 17: Asia Pacific Biometric Payments Market Revenue (USD billion) Forecast, by Payment Method, 2020-2035
Table 18: Asia Pacific Biometric Payments Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 19: Asia Pacific Biometric Payments Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 20: Asia Pacific Biometric Payments Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 21: Latin America Biometric Payments Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 22: Latin America Biometric Payments Market Revenue (USD billion) Forecast, by Payment Method, 2020-2035
Table 23: Latin America Biometric Payments Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 24: Latin America Biometric Payments Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 25: Latin America Biometric Payments Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 26: Middle East & Africa Biometric Payments Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 27: Middle East & Africa Biometric Payments Market Revenue (USD billion) Forecast, by Payment Method, 2020-2035
Table 28: Middle East & Africa Biometric Payments Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 29: Middle East & Africa Biometric Payments Market Revenue (USD billion) Forecast, by Deployment Type, 2020-2035
Table 30: Middle East & Africa Biometric Payments Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
