Financial Services / Payments Tech
Best Biometric Payments Companies
What is Biometric Payments?
The biometric payments market offers a more secure and convenient way for customers to authenticate their identity and make payments. With the increasing threat of identity theft and fraud, biometric authentication provides an invulnerable solution that is resistant to social engineering, malware, and tampering. Biometric payments also offer a frictionless, touchless, and real-time user identification process that reduces wasted time and improves the overall checkout experience. This technology is particularly relevant in the context of Covid-19 as it offers a contactless payment option. The market supports migration towards neo banks and digital wallets, using face recognition as a highly secured virtual card for global payment, loyalty & DOOH ecosystem.
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Top Biometric Payments Companies
Incode operates as a digital identity authentication and biometrics company. It builds biometric identity products for banking, payment, hospitality, and retail experiences. The company serves financial services, gaming, retail, healthcare, hospitality, and more. It was founded in 2015 and is based in San Francisco, California.
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PopID is a company that focuses on identity verification using biometrics, operating in the technology and security sectors. The company offers a service that uses facial recognition to verify an individual's identity for various applications, including loyalty programs, payments, and access control. The primary sectors that PopID caters to include the retail industry, payment processing industry, and security industry. It was founded in 2016 and is based in Canoga Park, California.
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Sardine focuses on fraud prevention and compliance within the financial services industry. The company offers a platform that provides services such as fraud detection, risk scoring, transaction monitoring, and case management, all aimed at protecting customer interactions and preventing money laundering and scams. Sardine primarily serves sectors such as banks and retailers. It was founded in 2020 and is based in Miami, Florida.
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Amwal provides authentication-based payment solutions combining identity verification, fraud prevention, and payment processing. It offers a platform for individuals to authenticate and pay, send, and remit money based on their phone numbers. The company was founded in 2022 and is based in Riyadh, Saudi Arabia.
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FinGo is a company that focuses on biometric identity authentication in the technology sector. The company offers services that use unique finger vein mapping technology to authenticate identities, enabling functions such as making payments, verifying age, and accessing buildings without the need for cards or devices. The primary sectors that FinGo caters to include retail, self-service, membership, and health. It was founded in 2011 and is based in London, England.
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GHOSTPASS develops an integrated solution for non-face-to-face and contactless order payment. It prevents the leakage of biometric information by using artificial intelligence (AI) facial and voice recognition technology. Its decentralized identity (DID)-based method saves the user's sensitive biometric, personal information in their smart devices to block the leakage of personal information. It was founded in 2019 and is based in Gwangju, South Korea.

Keyo builds biometric-authenticated verification solutions. It helps customers to pay at stores, redeem tickets, and open doors without phones, cards, or keys offering fingerprint authentication to securely access a cloud-based wallet. The company was founded in 2015 and is based in San Francisco, California.
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MetaMap specializes in identity verification services. The company offers a range of services including fraud detection, customer onboarding, financial risk management, and compliance with know your customer (KYC) and anti-money laundering (AML) regulations. It primarily serves the cybersecurity industry. MetaMap was formerly known as Mati. It was founded in 2017 and is based in San Jose, California.
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PayByFace provides a secure digital payment ecosystem for a convenient shopping experience. It offers a cardless payment merchant kiosk device directly at the store and allows users to use facial recognition to make purchases. PayByFace was founded in 2018 and is based in Bucharest, Romania.
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Payface is a company that specializes in payment technology, specifically in the domain of facial recognition. The company offers a service that allows customers to make purchases and identify themselves without the use of cards, wallets, or cash, simply by using their faces. This technology is primarily used in the retail industry. It was founded in 2018 and is based in Florianopolis, Brazil.
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Token develops a biometric wearable ring that provides cardholders with a personalized lifestyle accessory that can make contactless transactions at merchant locations around the globe. Token was founded in 2014 and is based in Rochester, New York.
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Veridium is a company that focuses on providing passwordless authentication solutions in the cybersecurity industry. The company offers services such as workforce authentication, customer authentication, and identity verification, all powered by AI-based behavioural biometrics. These services are primarily used in sectors such as financial services, insurance, government, healthcare, telecom, and enterprise. Veridium was formerly known as Hoyos Labs. It was founded in 2013 and is based in Quincy, Massachusetts.
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Wink provides a biometric-based strong authentication and payments platform. It delivers a passwordless omnichannel checkout and login combining face and voice recognition, artificial intelligence, and machine learning technology to help to provide secure passwordless login and payment. The company was founded in 2021 and is based in Plano, Texas.
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The ESP matrix leverages data and analyst insight to identify and rank leading private-market companies in a given technology landscape.
What is Biometric Payments?
The biometric payments market offers a more secure and convenient way for customers to authenticate their identity and make payments. With the increasing threat of identity theft and fraud, biometric authentication provides an invulnerable solution that is resistant to social engineering, malware, and tampering. Biometric payments also offer a frictionless, touchless, and real-time user identification process that reduces wasted time and improves the overall checkout experience. This technology is particularly relevant in the context of Covid-19 as it offers a contactless payment option. The market supports migration towards neo banks and digital wallets, using face recognition as a highly secured virtual card for global payment, loyalty & DOOH ecosystem.
Expert Collections
Market Map
Similar Markets
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