Payments

Cardless ATM market to reach $2.11B

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November 4, 2022

The cardless ATM market will reach $2.11 billion by 2026, according to a press release from Technavio. It will also grow at a compound annual growth rate of 6.93% from 2021 to 2026.

Key market drivers include the increasing usage of smartphones with NFC chips and the emergence of biometric ATMs which use retina and iris scanning and 3D facial recognition.

North America will hold 53% of the market's growth during the forecasted period, according to the release.