Cardless ATM - Global Strategic Business Report

The global market for Cardless ATM was valued at US$2.5 Billion in 2024 and is projected to reach US$4.4 Billion by 2030, growing at a CAGR of 10.0% 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 Cardless ATM market.

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?

Report Scope

The report analyzes the Cardless ATM market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

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.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the On-Site ATM segment, which is expected to reach US$2.8 Billion by 2030 with a CAGR of a 9.7%. The Off-Site ATM segment is also set to grow at 11.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $679.0 Million in 2024, and China, forecasted to grow at an impressive 13.6% CAGR to reach $900.5 Million 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 Cardless ATM 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 Cardless ATM 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 Cardless ATM 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 Banco Santander S.A., Barclays PLC, Capital One Financial Corp., Citigroup Inc., Commonwealth Bank of Australia and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 32 companies featured in this Cardless ATM market report include:

• 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.

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What's Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry