Payment card shipment revenue for technology companies is set reach $11.7 billion worldwide in 2026, according to a new study from Juniper Research.

The analyst firm said this 20 per cent jump - from $9.7 billion in 2022 - reflects innovations in the payment cards space and the maturity of the contactless cards roll-out.

The research predicted that metal cards will account for over $4.4 billion in hardware revenue for technology providers globally in 2026, up from $1.2 billion in 2022.

The premium appearance of metal cards will function as an appealing differentiator according to the firm, driving their future growth according to Juniper.

In addition, the research also found that the use of biometric cards, which feature embedded fingerprint sensors, will grow significantly, with shipments expected to increase by almost 850 per cent over the next 5 years to 173 million in 2026 globally.

Juniper claimed biometric cards will enable card payments to better compete with mobile payments, including Apple Pay and Google Pay, eventually allowing payment cards to have no transaction limits, and said this was critical in removing the barriers to growth for contactless payments.

“Banks and card issuers need to differentiate themselves in order to retain relevance in the digital payments era – adding value to their services by using new card types can add significant value and reduce churn with existing relationships,” said Damla Sat, research co-author at Juniper Research.

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