Cardless ATM market is anticipated to grow at a CAGR of 11.3% during the forecast period (2024-2031). Cardless ATMs are frequently being installed in bank locations to provide convenience for cash withdrawals, deposits, and transfers. The market for cardless ATMs has grown significantly in recent years due to the growing use of biometric verification, QR codes, and NFC (Near Field Communication). A few banks offer the option of cardless cash withdrawals through their ATM services. Over the coming years, it is anticipated that the growth will continue as more individuals use mobile payments and look for easier, quicker ways to access their money.

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The increased penetration of smartphones is a key factor driving the growth of the cardless ATM market. With the widespread use of smartphones, consumers are increasingly looking for more convenient and secure ways to access their funds without the need for physical payment cards. Moreover, cardless ATM solutions leverage the security features of smartphones, such as biometric authentication, to provide added security and protection against fraud and cyber threats. This is particularly important given the increasing prevalence of cyber threats and the need for secure and reliable payment solutions. COVID-19 has accelerated the adoption of contactless payment solutions, including cardless ATMs, as consumers seek to minimize their physical interactions with payment devices. As a result, financial institutions and cardless ATM manufacturers have been investing in the development and deployment of cardless ATM solutions to meet the growing demand for contactless payment options.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Global Cardless ATM Market Report Segment

By Type

On-site
Off-site

By Technology

Near-field Communication (NFC)
Quick Response (QR) Codes
Biometric Verification

By End User

Bank and Financial Institutions
Independent ATM Deployer

Global Cardless ATM Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Italy
Spain
France
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific

Rest of the World

Latin America
Middle East & Africa

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global cardless ATM market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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