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Biometric Cards Introduced in Japan
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KONA I partners with IDEX Biometrics to introduce biometric payment and access cards in Japan, aiming to capture a significant market share by 2025. The biometric payment market in Japan is projected to grow at a 8% CAGR, reaching $870 billion by 2028, driven by the increasing demand for biometric smart cards in the financial, banking, and public sectors.
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How does this partnership reflect the global trend towards biometric authentication in payment systems?
How might the introduction of biometric smart cards impact the security measures in the financial and banking sectors?
What are the potential implications of the increasing demand for biometric smart cards on consumer privacy and data security?
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