• India fingerprint payment market is expected to grow at a steady rate during the forecast period. This can be majorly attributed to the desire for frictionless authentication while paying in all channels. Moreover, government support and initiatives for the adoption of fingerprint sensors is anticipated to boost the growth of fingerprint payment market in India. In addition, in this rapidly evolving technological landscape, there is no longer a place for the PIN while making payments through cards. Advancements in fingerprint biometric technology allow the user to authenticate a payment with a simple touch of the finger using a biometric-enabled payment card, which is further expected to spur growth of India fingerprint payment market in the forthcoming years.

    The need for convenient and secure payment methods is increasing the demand for fingerprint biometrics in the market. Fingerprints are almost as unique as DNA; they remain the same from infancy to old age and are relatively easy to capture and compare using widely available technology. Fingerprints are extremely difficult to steal, forge, or imitate, which makes fingerprint payment technology an ideal choice for authentication. In order to make biometric fingerprint technology available and affordable to the mass market then both the card issuers and producers of the fingerprint sensor must work together to reach a price point.

    Some of the market players in India fingerprint payment market are NXP Semiconductors, NEXT Biometrics, Fingpay, IDEX Biometrics, TROIKA Transsolutions Pvt. Ltd, BIO-key, HYF Group, Axton Group, Suprema biometrics & security and Integrated Biometrics. The key players in the market are focusing on collaborations in order to expand their market share. However, recent innovations have provided new levels of security, therefore creating a variety of new market opportunities.

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    India fingerprint payment market is expected to grow at a steady rate during the forecast period. This can be majorly attributed to the desire for frictionless authentication while paying in all channels. Moreover, government support and initiatives for the adoption of fingerprint sensors is anticipated to boost the growth of fingerprint payment market in India. In addition, in this rapidly evolving technological landscape, there is no longer a place for the PIN while making payments through cards. Advancements in fingerprint biometric technology allow the user to authenticate a payment with a simple touch of the finger using a biometric-enabled payment card, which is further expected to spur growth of India fingerprint payment market in the forthcoming years. The need for convenient and secure payment methods is increasing the demand for fingerprint biometrics in the market. Fingerprints are almost as unique as DNA; they remain the same from infancy to old age and are relatively easy to capture and compare using widely available technology. Fingerprints are extremely difficult to steal, forge, or imitate, which makes fingerprint payment technology an ideal choice for authentication. In order to make biometric fingerprint technology available and affordable to the mass market then both the card issuers and producers of the fingerprint sensor must work together to reach a price point. Some of the market players in India fingerprint payment market are NXP Semiconductors, NEXT Biometrics, Fingpay, IDEX Biometrics, TROIKA Transsolutions Pvt. Ltd, BIO-key, HYF Group, Axton Group, Suprema biometrics & security and Integrated Biometrics. The key players in the market are focusing on collaborations in order to expand their market share. However, recent innovations have provided new levels of security, therefore creating a variety of new market opportunities. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=4240 For More Information Visit: https://www.techsciresearch.com/report/india-fingerprint-payment-market/4240.html
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    India Fingerprint Payment Market Growth, Size, Share, Trends & Forecast 2024| TechSci Research
    India Fingerprint Payment Market Size, Market Share and India Fingerprint Payment Market Future & Analysis 2024 By Application (Banking, Retail, Account Managing, Government and Others), Competition, Forecast & Opportunities
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