Dual Interface Payment Cards

Global Dual Interface Payment Cards Market to Reach US$53.5 Billion by 2030

The global market for Dual Interface Payment Cards estimated at US$21.5 Billion in the year 2024, is expected to reach US$53.5 Billion by 2030, growing at a CAGR of 16.4% over the analysis period 2024-2030. Plastic, one of the segments analyzed in the report, is expected to record a 16.5% CAGR and reach US$34.6 Billion by the end of the analysis period. Growth in the Metal segment is estimated at 16.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.6 Billion While China is Forecast to Grow at 15.5% CAGR

The Dual Interface Payment Cards market in the U.S. is estimated at US$5.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2030 trailing a CAGR of 15.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 15.1% and 14.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.0% CAGR.

Global "Dual Interface Payment Card" Market – Key Trends & Drivers Summarized

Why Are Dual Interface Payment Cards Gaining Widespread Adoption?

The financial and retail industries are undergoing a major shift toward secure, convenient, and contactless payment solutions, driving the rapid adoption of dual interface payment cards. These cards, which combine both contact and contactless functionalities, allow users to make transactions either by inserting the card into a reader or by tapping it on an NFC-enabled terminal. With the growing demand for fast, secure, and hygienic payment methods, particularly in post-pandemic economies, dual interface cards have become a preferred choice among consumers and businesses alike. As digital transactions continue to rise, financial institutions and payment service providers are increasingly investing in dual interface cards to enhance user experience and security.

What Technological Advancements Are Enhancing Dual Interface Cards?

The integration of biometric authentication, dynamic CVV codes, and cryptographic security features has significantly improved the safety and reliability of dual interface payment cards. Advanced chip technology, such as EMV (Europay, Mastercard, and Visa) compliance and tokenization-based security, ensures encrypted transactions that reduce fraud risks. Additionally, innovations in battery-less biometric fingerprint scanning have enabled secure authentication without requiring PIN codes. As the demand for multi-functional banking cards increases, some dual interface cards are now integrating loyalty programs, transit access, and cryptocurrency wallets, making them more versatile for consumers.

How Are Market Trends and Regulations Shaping the Industry?

The widespread implementation of contactless payment infrastructure across retail, transportation, and hospitality sectors has accelerated the adoption of dual interface cards. Governments and financial regulators are setting new security standards that mandate EMV chip-based transactions, phasing out traditional magnetic stripe cards. Additionally, banks are introducing eco-friendly contactless cards made from biodegradable and recycled materials, catering to sustainability-conscious consumers. The increasing push toward cashless economies, particularly in Europe, North America, and Asia-Pacific, has further driven demand for next-generation dual interface cards that offer enhanced usability and security.

What Factors Are Driving Market Growth?

The growth in the Dual Interface Payment Card market is driven by increasing consumer preference for contactless payments, advancements in secure chip technology, and rising concerns over payment security. The expansion of digital banking, regulatory mandates for EMV compliance, and the growing adoption of multi-functional smart cards are also contributing to market expansion. Additionally, as financial institutions and payment networks continue investing in secure and convenient payment solutions, the demand for dual interface payment cards is expected to grow exponentially.

SCOPE OF STUDY:

The report analyzes the Dual Interface Payment Cards market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Plastic, Metal); End-Use (Retail, Transportation, Healthcare, Hospitality, Others)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 34 Featured) -

• Arroweye Solutions
• CPI Card Group Inc.
• Composecure LLC
• Eastcompeace Technology Co., Ltd.
• Feitian Technologies Co., Ltd.
• FIS Global
• Giesecke+Devrient GmbH
• Goldpac Group Ltd.
• Hengbao Co., Ltd.
• IDEMIA
• IDEX Biometrics ASA
• Infineon Technologies AG
• MoreRFID
• NXP Semiconductors
• On Track Innovations Ltd. (OTI)
• Paragon Group Limited
• SmartTech Production
• Thales Group
• VALID
• Verifone

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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