The global biometrics technology market is expected to be more than £25billion by 2022. And one of the main drivers of that growth is government adoption, reports Credence Research Inc.
Governments want to increase security for citizens and introduce frictionless controls at their borders. This is driving innovation worldwide. North America and Europe accounts for the largest revenue share, while the Asia-Pacific region is expected to see the fastest growth in biometric tech.
Sthaler developed Fingopay, using VeinID technology, in partnership with Hitachi. Their registered customers use it to pay in bars, restaurants and shops.
Blue Star Capital PLC (LON:BLU) is an investing company with a focus on new technologies. Blue Star’s investments include a 1% holding in Sthaler.