Cardless ATM

Global Cardless ATM Market to Reach US$4.4 Billion by 2030

The global market for Cardless ATM estimated at US$2.5 Billion in the year 2024, is expected to reach US$4.4 Billion by 2030, growing at a CAGR of 10.0% over the analysis period 2024-2030. On-Site ATM, one of the segments analyzed in the report, is expected to record a 9.7% CAGR and reach US$2.8 Billion by the end of the analysis period. Growth in the Off-Site ATM segment is estimated at 11.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$679.0 Million While China is Forecast to Grow at 13.6% CAGR

The Cardless ATM market in the U.S. is estimated at US$679.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$900.5 Million by the year 2030 trailing a CAGR of 13.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.2% and 8.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR.

Global Cardless ATM Market – Key Trends & Drivers Summarized

Why Are Cardless ATMs Transforming the Future of Cash Access and Financial Convenience?
Cardless ATMs are redefining the way consumers interact with banking infrastructure by enabling secure cash withdrawals without the need for a physical debit or credit card. These systems typically rely on mobile authentication methods—such as QR code scanning, biometric verification, or one-time passcodes (OTPs)—delivered through mobile banking apps or SMS, allowing customers to initiate transactions using their smartphones. As digital banking adoption rises globally, cardless ATMs offer a seamless, contactless, and secure user experience that aligns with shifting consumer preferences for mobility, speed, and reduced touchpoints.

In addition to convenience, cardless ATM solutions address fraud vulnerabilities associated with skimming, card theft, and PIN compromise. By eliminating physical card dependency, they enhance transaction security and minimize operational risk for banks. This evolution is supporting the broader push toward digital-first financial ecosystems and reinforcing efforts to modernize legacy ATM networks.

How Are Mobile Integration, Biometric Security, and API-Driven Platforms Accelerating Adoption?
The expansion of mobile banking and fintech ecosystems is the primary enabler of cardless ATM functionality. API-driven integration between ATM networks and banking apps allows real-time authentication, transaction authorization, and cash dispensing. Biometric authentication (e.g., fingerprint or facial recognition) and tokenization technologies are further enhancing transaction security, reducing fraud exposure, and ensuring regulatory compliance with data privacy mandates.

Leading banks and ATM manufacturers are incorporating NFC (near-field communication), QR code readers, and app-based access protocols into new ATM models. Meanwhile, retrofit solutions are enabling legacy terminals to support cardless transactions without complete hardware overhaul. These technology upgrades are lowering implementation barriers and facilitating broader geographic deployment across both urban and rural banking touchpoints.

Where Is Demand for Cardless ATMs Growing and Which Customer Segments Are Driving Usage?
North America, particularly the United States, is at the forefront of cardless ATM adoption, with major banks integrating the service into mobile apps to enhance customer experience and security. Europe is following with gradual rollout in countries with mature digital banking infrastructure and strong consumer protection laws. Asia-Pacific is experiencing rapid growth, led by mobile-first economies like India, China, and Indonesia, where high smartphone penetration and digital payment familiarity are fueling adoption across both urban and underserved regions.

Primary users include digitally savvy millennials and Gen Z consumers, mobile banking users, and urban professionals seeking faster, frictionless ATM access. Additionally, cardless ATM functionality is gaining traction in the gig economy, among unbanked and underbanked populations, and in areas with high incidences of card-related fraud—making it a tool for financial inclusion and secure access in volatile environments.

What Is Fueling the Global Growth of the Cardless ATM Market?
The global cardless ATM market is being driven by rising demand for secure, contactless financial transactions, increasing penetration of mobile banking, and the modernization of banking infrastructure. Banks are leveraging cardless technology as a value-added service to enhance customer engagement, reduce fraud-related losses, and extend ATM usability in digital banking strategies. Cost efficiency, improved user experience, and alignment with hygiene-conscious behaviors post-pandemic are reinforcing cardless access as a future-ready ATM solution.

Collaborations between banks, ATM providers, fintechs, and telecom operators are accelerating rollouts, while advancements in cloud computing, cybersecurity, and open banking APIs are enabling robust, scalable implementations. As financial institutions seek to balance convenience with security and cost-efficiency, a defining question shapes the next wave of innovation: Can cardless ATM ecosystems deliver ubiquitous, fraud-resistant, and interoperable cash access—while bridging digital banking with legacy infrastructure in a rapidly evolving financial services landscape?

SCOPE OF STUDY:

The report analyzes the Cardless ATM market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (On-Site ATM, Off-Site ATM, Other Types); Technology (Near-Field Communication, Quick Response Codes, Biometric Verification); End-User (Bank & Financial Institutions, Independent ATM Deployers)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 32 Featured) -

• Banco Santander S.A.
• Barclays PLC
• Capital One Financial Corp.
• Citigroup Inc.
• Commonwealth Bank of Australia
• Diebold Nixdorf Inc.
• Fifth Third Bancorp
• Fujitsu Ltd.
• GRG Banking
• HDFC Bank Ltd.
• Hitachi Channel Solutions Corp.
• HSBC Holdings plc
• Hyosung Corp.
• ICICI Bank Ltd.
• JPMorgan Chase & Co.
• Kotak Mahindra Bank Ltd.
• NCR Corporation
• State Bank of India
• Turk Ekonomi Bank AS
• Wells Fargo & Co.

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