Biometrics: Fingerprint and Payment Card; >USD500M for fingerprint sensors by 2026E

1. Fingerprint

UBS’ base case suggests biometric payment cards total addressable market value of (1) >USD5B incremental revenues for banks globally per annual by 2026 “only” 15% biometric penetration in 2026. This excludes any savings from frauds; (2) USD2.3B market for card manufacturers; (3) >USD500M for fingerprint sensors. (UBS report)