Asia Pacific Smart Card Market Share

Market Share of Asia Pacific Smart Card Industry

Several worldwide and regional firms compete for market share in the Asia Pacific smart card market, which is highly competitive. Despite the market's high barriers to entry for new competitors, a few newcomers have achieved traction. Moderate/high product differentiation, increasing product penetration levels, and high competition levels characterize this market. The solutions are usually sold as a bundle, making the condensed offering appear part of the whole suite.

• June 2022 - Wisecard Technology and Zwipe are set to unveil their collaboration to provide biometric payment cards to consumers of Asia Pacific (APAC). Wisecard will supply pre-built customization scripts for Zwipe Pay biometric payment cards, allowing banks and card personalization bureaus to install the cards significantly quicker and more effectively.
• January 2022 - Samsung Electronics Co., Ltd., a global leader in innovative semiconductor technology, has unveiled the S3B512C, a new fingerprint security IC (integrated circuit) with improved security features. The new system is EMVCo and CC EAL 6+ certified, and it meets Mastercard's latest Biometric Evaluation Plan Summary (BEPS) criteria for biometric payment cards.

APAC Smart Card Market Leaders

1. Samsung Electronics Co. ltd.

2. Watchdata Co., Ltd.

3. KONA I Co., Ltd.

4. Eastcompeace Technology Co., Ltd

5. IDEX Biometrics ASA

*Disclaimer: Major Players sorted in no particular order