SmartMetric, Inc. Overview
Pro stress-test →SmartMetric manufactures credit cards with built-in biometric fingerprint scanning for enhanced security protection. The company's GEN4 biometric card embeds a miniature fully functional fingerprint scanner that scans the cardholder's fingerprint in less than half a second, with the card user simply touching the sensor on the card's surface for instantaneous scan and match of the user's pre-stored fingerprint. The global biometric payment cards market is projected to reach USD 5.8 billion by 2030, growing at a CAGR of 62.50% during the forecast period (2022–2030).
Strategic Profile
Pro stress-test →SmartMetric's issued patents give it exclusivity on biometric fingerprint sensor-based credit cards in the USA, preventing any other company from selling or commercializing the use of a standard credit or debit card with a fingerprint sensor in the country. The SmartMetric biometric fingerprint scanning credit card is unique in that it is the first and only such card with an inbuilt rechargeable battery allowing use at any type of credit card reader including contactless and ATM readers. Both Visa and MasterCard have adopted the use of biometric credit cards over their respective payment networks.
Competitive Landscape
Pro stress-test →SmartMetric has developed a fingerprint biometric-activated credit card that offers enhanced security compared to traditional cards and positions itself as a leader in the rapidly expanding biometric card market. The company operates with patent-protected exclusivity in the U.S. for fingerprint sensor-based credit cards. Limited direct competitors exist; potential indirect competition may emerge from alternative biometric technologies (e.g., facial recognition) or contactless payment upgrades by traditional card networks.
Industry Context
SmartMetric, Inc. operates in Biometric security payment cards.
Key facts
Headquarters: Las Vegas, US