Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

High Costs, Manufacturing Complexities and Enrollment Fragmentation Keep Biometric Payment Cards Firmly Within the Realms of Niche

Published

on

high-costs,-manufacturing-complexities-and-enrollment-fragmentation-keep-biometric-payment-cards-firmly-within-the-realms-of-niche

Slower-than-expected adoption forces industry players to shift focus toward access control and crypto cold wallets

LONDON, March 19, 2025 /PRNewswire/ — Despite significant investment, biometric payment cards continue to struggle with mainstream adoption. According to a new report from global technology intelligence firm ABI Research, in a conservative scenario, biometric payment card shipments will grow from an initial base of 310,000 units in 2023 to 1.27 million by 2029, with a more aggressive outlook projecting 43 million units—still far from initial market expectations.

“The reality is that biometric payment cards are not going to become a mass-market solution anytime soon,” says Phil Sealy, Research Director at ABI Research. “The high cost, combined with manufacturing and enrollment hurdles, means adoption will remain largely restricted to premium banking customers and niche applications. The industry must recalibrate its expectations and rethink forward-looking strategies.”

There are three primary barriers preventing mass adoption:

  • Manufacturing Complexities: High production costs and low yield rates make large-scale deployment challenging.
  • Pricing Limitations: Biometric cards currently cost US$15 to US$20 per unit, nearly 10 times the price of a standard contactless card.
  • Enrollment Challenges: The lack of a standardized, scalable enrollment process continues to slow down adoption.

Given these limitations, vendors such as IDEMIA, Thales, and IDEX Biometrics are looking toward new opportunities, most notably within the access control and crypto cold wallet markets, where security concerns justify the added cost of biometric authentication. ABI Research predicts that by 2027-2029, these alternative markets will contribute significantly to overall biometric card adoption.

“Many ecosystem players have recognized that the payments market is unlikely to deliver the scale they initially envisioned,” adds Sealy. “Despite the shift toward access control and crypto wallets, where biometric security can provide real value, it remains an extremely challenging market. This is echoed by the recent news that one of the market pioneers, Zwipe has filed for bankruptcy. Access control and crypto wallet ecosystems and partnerships must be developed and opened quickly. Without any tangible market success over the next 12 to 24 months, further consolidation and/or pulling investment away should be considered a more feasible likelihood.”

These findings are from ABI Research’s Innovative Payment Card Technologies Market Data Overview 1H 2025 report. This report is part of the company’s Digital Payment Technologies research service, which provides in-depth research, data, and strategic insights into the evolving payment card industry.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Advertisement

Contact Info:
Global                                                            
Deborah Petrara                                                           
Tel: +1.516.624.2558                                                   
pr@abiresearch.com

Logo – https://mma.prnewswire.com/media/2309035/ABI_Research_2024.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/high-costs-manufacturing-complexities-and-enrollment-fragmentation-keep-biometric-payment-cards-firmly-within-the-realms-of-niche-302405336.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

TutorABC Expands Leadership Team to Drive Global Growth in Language Learning and Livestreaming E-Commerce Innovation

Published

on

tutorabc-expands-leadership-team-to-drive-global-growth-in-language-learning-and-livestreaming-e-commerce-innovation

TAIPEI, March 31, 2025 /PRNewswire/ — TutorABC, a global leader in online education and live-streaming e-commerce, has appointed George Loup and Maximilian Corbet Smith as Directors of Business Development to lead strategic global expansion. George will oversee language learning and corporate training solutions, while Maximilian will spearhead the global licensing of TutorABCShop.com, the company’s innovative live-commerce platform.

Expanding Global Presence in Language Learning & Corporate Training

George Loup brings over a decade of international education experience, focusing on establishing new partnerships for TutorABC‘s language courses and corporate training solutions. The company already provides premium language training to employees at global enterprises including Apple, Google, Microsoft, and HSBC, leveraging an AI-powered platform that enhances workforce communication and reduces operational costs.

TutorABCShop.com – The Most Advanced Live-Streaming E-Commerce Platform

TutorABCShop.com, backed by US$300 million investment and 19 patented technologies, is revolutionizing retail through innovative live-commerce solutions. The platform offers:

  • Interactive Shopping in Real Time 
  • Seamless Multi-Platform Streaming 
  • Maximizing Instant Conversions 
  • Engagement Through Entertainment & Education
  • Advanced Data & Analytics

Strengthening TutorABC’s Global Leadership

“George and Maximilian bring unparalleled expertise in business development and technology-driven solutions,” said Co-Chairmen Rodney Miles and Samuel Yang. Both executives, educated in the UK and with extensive international experience, are well-positioned to drive TutorABC‘s global expansion in education and e-commerce innovation.

TutorABC has built strategic global partnerships with some of the world’s most prestigious educational institutions and corporations, including Oxford and Cambridge Universities, National Geographic, Barron’s, Kaplan, the British Council, and ETS, reinforcing its dedication to world-class, high-quality education and enterprise solutions.

Blending Strategic Expertise with Global Experience

With over six years of business development experience, Maximilian has led expansion efforts across England, Europe, and Asia, driving market growth and forging strategic partnerships worldwide. He has a proven track record in scaling technology solutions for enterprise clients, with previous clients including HSBC, Lloyds Banking Group, Close Brothers, Virgin Money, Imperial Hotels, Mastercard, EY, and many others.

George, with over a decade of experience in international education, has played a pivotal role in expanding global partnerships and increasing access to premium language and corporate training programs.

Advertisement

Born and raised in Hong Kong, Maximilian and George both bring a unique international perspective. Educated in the UK at Harrow School (Maximilian) and Eton College (George), as well as Manchester University, they are well-positioned to lead TutorABC‘s global expansion and innovation efforts.

Photo – https://mma.prnewswire.com/media/2652619/1742548242245.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/tutorabc-expands-leadership-team-to-drive-global-growth-in-language-learning-and-livestreaming-e-commerce-innovation-302415184.html

Continue Reading

Fintech PR

Sungrow ESS Experience Day Munich: Accelerating to a Sustainable Future for Europe

Published

on

sungrow-ess-experience-day-munich:-accelerating-to-a-sustainable-future-for-europe
  • As Energy Storage holds a key role in the support of the grid and energy transition efforts, Sungrow’s ESS Experience Day in Munich was a insightful opportunity for leading experts across Europe to exchange thoughts on this crucial topic towards a sustainable future.
  • The event was followed by almost 300 attendees and covered a broad range of topics, relevant to the technological, business and safety implications of ESS.

MUNICH, March 31, 2025 /PRNewswire/ — Reconfirming its commitment to supporting its partners and driving the transition to a clean and sustainable future, Sungrow successfully hosted the ESS Experience Day in Munich on the 20th of March, bringing together industry experts, partners, and stakeholders to explore the latest advancements in Energy Storage Systems (ESS). The event underscored Sungrow’s devotion to driving the transition towards a more resilient, stable, and renewable-powered energy landscape across Europe.

Energy Storage: A Cornerstone for Europe’s Renewable Future

As Europe accelerates its shift to renewable energy, the need for grid stability and flexibility has never been greater. Energy Storage Systems play a critical role in balancing supply and demand, enabling a higher penetration of renewables into the grid. By 2030, Europe aims to generate at least 45% of its energy from renewable sources, according to the European Commission’s REPowerEU plan[1].

However, intermittent generation from solar and wind requires advanced storage solutions to maintain grid stability and prevent curtailment. The deployment of ESS projects requires advanced technologies, but also strong collaboration between involved parties and devoted teams of experts that secure the swift and efficient operations, as Mr. Shawn Shi, Vice President of Sungrow and President of Sungrow Europe emphasized in his speech that opened the event. “The outstanding result that made possible the commercial operation of the BW ESS Bramley 331MWh project in just 12 days after the grid energization, reflects not only the technical innovation of PowerTitan 2.0, It is also a reflection of our excellent delivery management capabilities and close collaboration with our partners.”

An Evening Full of Insights and Meaningful Discussions

The event in Munich acted as a platform to exchange in-depth knowledge and thoughts by experts of the industry, case studies, while the almost 300 attendees had also the opportunity to experience hands-on demonstrations of Sungrow’s state-of-the-art latest battery storage systems, the liquid-cooled PowerStack 200CS and PowerTitan 2.0.

One of the highlights of the event was the presentation, “Policies & Trends of Battery Storage” by Mr. Antonio Arruebo, Market Analyst at SolarPower Europe (SPE), which included an exclusive preview of preliminary figures from the SPE Battery Outlook, the leading report about the current and future development of the field, that will be officially published at Intersolar in May 2025. Mr. Arruebo underlined the need for flexibility of the grid, predicting that EU power flexibility needs to increase five-fold by 2030 and batteries & demand response can meet 2/3 of the flexibility requirements. At the same time, the forecast beyond 2024, is that the European BESS market is expected to expand by 30-40% year on year to reach 260 GWh by 2028, while the high scenario by SPE foresees that this figure could reach up to 400 GWh by the same year.  

The agenda of the event covered a broad range of issues related to the ESS and energy transition, including the latest developments on Grid Forming Capabilities by Dr. Ivan Volodin, ESS Product Manager at Sungrow Europe, and the impressive PowerTitan 2.0 Large-scale Burn Test presented by Mr. Yang Ye, Senior Technical Marketing Manager at Sungrow OSKA, showcasing the latest developments on the BESS safety. Moreover, Mr. Andres Doebel, Head of ESS for the DACH region at Sungrow Europe emphasized in his speech the crucial aspect of the one-brand solution in securing a successful ESS project and Mr. Robert Von Wahl, Director of Sungrow EV Charging Europe, analysed the opportunities that ESS holds also for the crucial role of EV charging infrastructure and operation in Europe.

The event hosted also the presentation of two case studies, showcasing two milestone ESS projects in the region, the Bramley 100MW/331MWh ESS project by BW ESS in the UK and the Vilvoorde 200MW/800MWh ESS project by Engie in Belgium. Dr. James Li, ESS Director Europe of Sungrow, highlighted the successful delivery story of the Bramley BESS project, while Mr. Dries Herman, Technical Project Manager of the Vilvoorde project draw attention on the key factor of flexibility to deploy more renewable energy and fight negative prices and price volatility.        

Finally, the panel discussion, with the ESS Analyst Mrs. Starry Ce, the Vice President of Strategy and Development of the Griffin Group Energy Mr. Adam Zalewski, the Director of Product and Supply Chain of Kyon Energy Mr. Florian Diehm, the CCO of Entrix Mr. Lars Löhle and Dr. Stefan Zhao, Director of Sungrow European Research Institute, conclude the main part of the event, with a valuable debate on the challenges and opportunities that the present and future holds on ESS development and energy transition.

As the global energy storage market is bolstered by an annual growth rate of 21% to 137GW/442GWh by 2030 (BloombergNEF[2]), the Europe emerging as a key driver of growth. Events like the ESS Experience Day in Munich serve as crucial platforms for knowledge-sharing and fostering partnerships that accelerate the deployment of storage technologies. The success of the ESS Experience Day in Munich marks another milestone in Sungrow’s mission to lead the renewable energy transition with reliable, efficient, and sustainable storage technologies and services.

Advertisement
  1. https://energy.ec.europa.eu/topics/renewable-energy/renewable-energy-directive-targets-and-rules/renewable-energy-targets_en
  2. https://about.bnef.com/blog/global-energy-storage-market-records-biggest-jump-yet/

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow has installed 740 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world’s most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects in over 180 countries, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com

Logo

Photo – https://mma.prnewswire.com/media/2653329/Sungrow_ESS_Experience_Day_Munich_2025__1.jpg
Logo – https://mma.prnewswire.com/media/1344575/Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/sungrow-ess-experience-day-munich-accelerating-to-a-sustainable-future-for-europe-302415180.html

Continue Reading

Fintech PR

BRI Holds 2025 Annual General Meeting of Shareholders (AGMS), Distributes IDR 51.73 Trillion in Dividends and Prepares for IDR 3 Trillion Buyback

Published

on

bri-holds-2025-annual-general-meeting-of-shareholders-(agms),-distributes-idr-51.73-trillion-in-dividends-and-prepares-for-idr-3-trillion-buyback

JAKARTA, Indonesia, March 29, 2025 /PRNewswire/ — PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) held its Annual General Meeting of Shareholders (AGMS). At this year’s AGMS, BRI approved the distribution of dividends amounting to IDR 51.73 trillion, an increase compared to the 2024 dividend of IDR 48.10 trillion. In addition, BRI will also carry out a share buyback of up to IDR 3 trillion.

BRI’s 2025 AGMS approved 10 agenda items, with three key topics highlighted by Corporate Secretary Agustya Hendy Bernadi: dividend distribution, share buyback, and management changes.

Use of the Company’s Net Profit (Cash Dividend Distribution)

For the 2024 fiscal year, BRI posted a consolidated net profit of IDR 60.15 trillion, allocating up to IDR 51.73 trillion for cash dividends. An interim dividend of IDR 20.33 trillion (IDR 135 per share) was distributed on January 15, 2025, leaving a remaining payout of up to IDR 31.40 trillion. Of the total, IDR 27.68 trillion will go to the state, with the rest distributed proportionally to shareholders listed on the recording date.

Share Buyback Plan

In addition to the dividend distribution, BRI’s 2025 AGMS also approved the company’s plan to repurchase or buy back shares in an amount of up to IDR 3 trillion. The buyback will be carried out through the Stock Exchange or outside the Stock Exchange.

Changes to the Company’s Management

The 2025 AGMS resolved changes to the company’s management, including the honorable discharge of the following 19 individuals, among them Sunarso as President Director and Catur Budi Harto as Deputy President Director.

Additionally, BRI appointed 16 individuals, including Hery Gunardi as President Director and Hakim Putratama as Director of Operations.

The AGMS also reassigned Agus Noorsanto from Director of Wholesale and Institutional Business to Deputy President Director, and Ahmad Solichin Lutfiyanto from Director of Compliance to Director of Human Capital & Compliance.

Advertisement

In total, BRI’s 2025 AGMS discussed and resolved 10 agenda items. The complete resolutions are available on the BRI website at www.bri.co.id

“The decisions made in this AGMS reflect BRI’s commitment to continuously improve performance and deliver added value to shareholders and other stakeholders,” concluded Hendy.

For more information about BANK BRI, visit www.bri.co.id

Photo – https://mma.prnewswire.com/media/2653290/The_executives_2025_Annual_General_Meeting_Shareholders__AGMS.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/bri-holds-2025-annual-general-meeting-of-shareholders-agms-distributes-idr-51-73-trillion-in-dividends-and-prepares-for-idr-3-trillion-buyback-302414975.html

Continue Reading
Advertisement
Advertisement European Gaming Congress 2024

Latest news

Trending