From GlobeNewswire: 2025-06-20 09:35:00

The Biometric POS Terminals Market was valued at $9.20 billion in 2024 and is projected to reach $26.17 billion by 2032, with a CAGR of 13.96%. The surge in demand for contactless and secure payment methods is driving market growth, with the U.S. market expected to reach $6.47 billion by 2032.

Key competitors like JPMorgan are promoting biometric technology adoption in the U.S. through devices like Pinpad and Paypad. Innovations showcased at events like Seamless Middle East Fintech 2025 are further boosting global adoption. Biometric POS terminals are seen as the future of secure digital payment ecosystems.

North America leads the Biometric POS Terminal Market, with the U.S. spearheading growth through partnerships like Verifone’s integration of facial and palm recognition. Asia Pacific is expected to record the fastest CAGR of 15.74% by 2032, driven by smartphone penetration and digital payment adoption, especially in China. Europe and LATAM/MEA also show steady growth.

In 2024, the fingerprint scanner segment dominated the market with a 39% share, driven by its reliability and ease of use. The facial recognition market is expected to grow fastest, with a CAGR of 16.28% from 2025–2032. Retail led the market by end-user segment in 2024, with medical and healthcare projected to witness the fastest growth.

Recent developments include NEC’s new multimodal biometric technology for POS and J.P. Morgan’s introduction of Paypad and Pinpad terminals with built-in biometric authentication. These advancements aim to enhance security and drive the adoption of contactless payment methods.

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