Posted December 16th, 2020 for ABI Research London, United Kingdom - 16 Dec 2020 According to global tech market advisory firm ABI Research, up to 2.5 million biometric payment cards will be issued in 2021 as the market reaps the benefits of significant ecosystem efforts, tailored specially to help reduce product cost, improve yield, and simplify manufacturing processes. Today over 20 biometric payment card pilots are active globally, and the first commercial launch, by BNP Paribas, was announced earlier in 2020. The biometric payment card is viewed as the next-generation evolutionary card form-factor to help enhance contactless authentication, providing a future contactless payments experience without limits. “It’s taken time for the biometric payment card market to take shape because it is the most complex card form-factor ever developed. First-generation biometric payment card solutions can command an Average Selling Price (ASP) anywhere between US$20 and US$30, significantly higher than today’s US$1 to US$2 mark for a contact or contactless payment card. Cost is one of the most significant inhibiting factors keeping the biometric payment card form-factor firmly within the piloting and evaluation phase,” explains Phil Sealy, Digital Security Research Director at ABI Research.