Biometric POS terminals will handle 46 billion retail transactions globally by 2028, more than doubling transactions registered last year, according to a new market analysis. Last year’s total was 19.5 transactions.
Biometric terminals are reviving retail. Even if the market for the devices had not been soft for the last few years, the increases predicted by the analyst firm are notable. The biometric in-store payments market itself will grow 114 percent from 2024 to 2028. Counted in that market are finger, facial, iris and palm-vein scanning.
