The Latin America, Middle East and Africa Dual Interface Payment Card Market would witness market growth of 19.5% CAGR during the forecast period (2022-2028).
There is a growing demand in the banking industry for dual interface payment cards that include biometric sensors integrated for payment verification. In order to provide their consumers with great protection and stability when processing payments, market participants are also collaborating to manufacture and introduce these biometric payment cards. For example, the Swedish banking company Rocker collaborated with IDEMIA and IDEX in February 2022. The goal of this partnership was to launch Rocker Touch, a credit card that uses biometrics.
Dual Interface IC Cards are becoming more and more common, due to the developing semiconductor industry and emphasis on innovation. The best instances of innovation with regard to such IC cards are contactless cards with incorporated Wi-Fi modules. Additionally, the increased emphasis on digital transactions, backed by a variety of promotions and gifts, has generated a lot of potential prospects for the Dual Interface IC Card Market during the course of the forecast period. Along with that, there is a rising automation and technological developments in the healthcare sector, which would motivate key companies to invest in the improvements of dual interface payment cards.
Exporters in the region must present their clients with enticing sales conditions backed by suitable payment options if they hope to compete in the current world market and outsell overseas rivals. Since getting paid in whole and on time is the ultimate goal of any export sale, a suitable payment method must be carefully chosen in order to reduce the payment risk and satisfy the buyer's requirements. The prevalence of dual interface payment card is significantly increasing during the forecast period.
The Brazil market dominated the LAMEA Dual Interface Payment Card Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $384.2 million by 2028. The Argentina market is experiencing a CAGR of 20.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 19.2% during (2022 - 2028).
Based on Type, the market is segmented into Plastic and Metal. Based on End Use, the market is segmented into Retail, Transportation, Healthcare, Hospitality, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Dual Interface Payment Card Market is Predict to reach $17.9 Billion by 2028, at a CAGR of 16.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., IDEMIA SAS (Advent International, Inc.), CPI Card Group (Parallel49 Equity), Giesecke & Devrient GmbH, Watchdata Co., Ltd., Eastcompeace Technology Co., Ltd. (Potevio Group), Paragon Group Limited, Valid S.A., and Wuhan Tianyu Information Industry Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
By End Use
- Retail
- Transportation
- Healthcare
- Hospitality
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Thales Group S.A.
- IDEMIA SAS (Advent International, Inc.)
- CPI Card Group (Parallel49 Equity)
- Giesecke & Devrient GmbH
- Watchdata Co., Ltd.
- Eastcompeace Technology Co., Ltd. (Potevio Group)
- Paragon Group Limited
- Valid S.A.
- Wuhan Tianyu Information Industry Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Dual Interface Payment Card Market, by Type
1.4.2 LAMEA Dual Interface Payment Card Market, by End Use
1.4.3 LAMEA Dual Interface Payment Card Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Dual Interface Payment Card Market by Type
3.1 LAMEA Plastic Market by Country
3.2 LAMEA Metal Market by Country
Chapter 4. LAMEA Dual Interface Payment Card Market by End-use
4.1 LAMEA Retail Market by Country
4.2 LAMEA Transportation Market by Country
4.3 LAMEA Healthcare Market by Country
4.4 LAMEA Hospitality Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Dual Interface Payment Card Market by Country
5.1 Brazil Dual Interface Payment Card Market
5.1.1 Brazil Dual Interface Payment Card Market by Type
5.1.2 Brazil Dual Interface Payment Card Market by End-use
5.2 Argentina Dual Interface Payment Card Market
5.2.1 Argentina Dual Interface Payment Card Market by Type
5.2.2 Argentina Dual Interface Payment Card Market by End-use
5.3 UAE Dual Interface Payment Card Market
5.3.1 UAE Dual Interface Payment Card Market by Type
5.3.2 UAE Dual Interface Payment Card Market by End-use
5.4 Saudi Arabia Dual Interface Payment Card Market
5.4.1 Saudi Arabia Dual Interface Payment Card Market by Type
5.4.2 Saudi Arabia Dual Interface Payment Card Market by End-use
5.5 South Africa Dual Interface Payment Card Market
5.5.1 South Africa Dual Interface Payment Card Market by Type
5.5.2 South Africa Dual Interface Payment Card Market by End-use
5.6 Nigeria Dual Interface Payment Card Market
5.6.1 Nigeria Dual Interface Payment Card Market by Type
5.6.2 Nigeria Dual Interface Payment Card Market by End-use
5.7 Rest of LAMEA Dual Interface Payment Card Market
5.7.1 Rest of LAMEA Dual Interface Payment Card Market by Type
5.7.2 Rest of LAMEA Dual Interface Payment Card Market by End-use
Chapter 6. Company Profiles
6.1 Thales Group S.A.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research and Development Expense
6.2 IDEMIA SAS (Advent International, Inc.)
6.2.1 Company Overview
6.2.2 Recent strategies and developments:
6.2.2.1 Product Launches and Product Expansions:
6.2.2.2 Acquisition and Mergers:
6.2.2.3 Geographical Expansions:
6.3 CPI Card Group (Parallel49 Equity)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental Analysis
6.3.4 Recent strategies and developments:
6.3.4.1 Product Launches and Product Expansions:
6.4 Giesecke & Devrient GmbH
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental Analysis
6.4.4 Research & Development Expense
6.5 Watchdata Co., Ltd.
6.5.1 Company Overview
6.6 Eastcompeace Technology Co., Ltd. (Potevio Group)
6.6.1 Company Overview
6.7 Paragon Group Limited
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental Analysis
6.8 Valid S.A.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segment & Regional Analysis
6.9 Wuhan Tianyu Information Industry Co., Ltd.
6.9.1 Company Overview
TABLE 1 LAMEA Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Plastic Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Plastic Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Metal Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Metal Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 10 LAMEA Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 11 LAMEA Retail Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Retail Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Transportation Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Transportation Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Dual Interface Payment Card Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Dual Interface Payment Card Market by Country, 2022 - 2028, USD Million
TABLE 23 Brazil Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 24 Brazil Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 25 Brazil Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 26 Brazil Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 27 Brazil Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 28 Brazil Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 29 Argentina Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 30 Argentina Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 31 Argentina Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 32 Argentina Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 33 Argentina Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 34 Argentina Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 35 UAE Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 36 UAE Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 37 UAE Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 38 UAE Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 39 UAE Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 40 UAE Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 43 Saudi Arabia Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 44 Saudi Arabia Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 45 Saudi Arabia Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 46 Saudi Arabia Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 47 South Africa Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 48 South Africa Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 49 South Africa Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 50 South Africa Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 51 South Africa Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 52 South Africa Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 53 Nigeria Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 54 Nigeria Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 55 Nigeria Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 56 Nigeria Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 57 Nigeria Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 58 Nigeria Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 61 Rest of LAMEA Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 62 Rest of LAMEA Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 63 Rest of LAMEA Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 64 Rest of LAMEA Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 65 key information – Thales Group S.A.
TABLE 66 Key Information – IDEMIA SAS
TABLE 67 Key Information – CPI Card Group
TABLE 68 Key Information – Giesecke & Devrient GmbH
TABLE 69 key Information – Watchdata Co., Ltd.
TABLE 70 Key Information – Eastcompeace Technology Co., Ltd.
TABLE 71 Key information – Paragon Group Limited
TABLE 72 Key information – Valid S.A.
TABLE 73 Key information – Wuhan Tianyu Information Industry Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: IDEMIA SAS