The global market for Dual Interface Payment Cards was estimated at US$21.5 Billion in 2024 and is projected to reach US$53.5 Billion by 2030, growing at a CAGR of 16.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Dual Interface Payment Cards market.
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Plastic segment, which is expected to reach US$34.6 Billion by 2030 with a CAGR of a 16.5%. The Metal segment is also set to grow at 16.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.6 Billion in 2024, and China, forecasted to grow at an impressive 15.5% CAGR to reach $8.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Dual Interface Payment Cards Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Dual Interface Payment Cards Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Dual Interface Payment Cards Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Arroweye Solutions, CPI Card Group Inc., Composecure LLC, Eastcompeace Technology Co., Ltd., Feitian Technologies Co., Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 34 companies featured in this Dual Interface Payment Cards market report include:
- 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
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 21.5 Billion |
| Forecasted Market Value ( USD | $ 53.5 Billion |
| Compound Annual Growth Rate | 16.4% |
| Regions Covered | Global |
