Innovation

Cardless ATM market to grow by $2B

July 25, 2022

The cardless ATM market will grow by $2.11 billion from 2022 to 2026, according to a press release from ResearchAndMarkets.com.

During this forecasted period, it will grow at a compound annual growth rate of 6.93%. The primary drivers of the market include saturation of smartphones as well as increasing adoption of contactless payments and transactions. The emergence of the biometric ATM and cash recycling are also boosting demand for cashless ATMs.