In January 2025, 56 startups in Biometric Payments have emerged, with 23 funded, including 8 at Series A+. The US leads in company presence. Notable startups include IDEMIA, PayFace, Zwipe, BehavioSec, and TypingDNA, each excelling in distinct biometric technologies for secure financial transactions. In January 2025, there are 56 notable startups in the Biometric Payments…
Easypaisa has initiated fees for failed biometric verifications following new NADRA regulations aimed at increasing security in financial transactions. Users are charged for unsuccessful attempts while the Sindh government introduces mandatory biometric processes for vehicle registrations to enhance transparency and combat fraud. The policy details implementation phases starting mid-2024, signifying a wider commitment to digital…
The Philippines faces a 36 million backlog in national ID cards due to a contract issue with AllCard Inc. The PSA has issued 55 million cards and is working to enhance integration with government services. Efforts to promote the national ID in financial sectors are underway, while a new ID system for persons with disabilities…
Biometric authentication opportunities are expanding, particularly for government services and payments. J.P. Morgan is set to enhance its biometric payment offerings, contrasting with Zwipe’s struggles in the market. International developments in biometric policies suggest growing demand, although challenges remain in scaling and regulatory compliance. The biometrics sector is experiencing a surge in opportunity, particularly for…
Canada is preparing to launch a bidding process for a biometric identification system for immigration, with contracts valued between CA$25 million and CA$100 million. The IRCC aims to update its collection capabilities, focusing on innovation, security, and inclusivity. Responses to the request for information are due by December 3, 2024, continuing previous efforts to enhance…
Canada is set to open bids for a biometrics contract valued between CA$25 million and CA$100 million to enhance its immigration system. The initiative, led by IRCC, seeks input on the latest biometric collection technologies and aims to ensure best practices in data integrity and inclusivity. Responses to the request for information are due by…
