Cardless ATM Market is predicted to reach USD 6.02 billion at a CAGR of 11.30% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Cardless ATM Market” that contains information from 2018 to 2032. The Cardless ATM market is estimated to register a CAGR of 11.30% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Cardless ATM market— Citigroup Inc., JPMorgan Chase & Co., Fujitsu, Santander Group, GRG Banking, NCR Corporation, HSBC Bank A.S., Wells Fargo, Barclays Bank PLC, and ICICI Bank Ltd.

Market Highlights

The global Cardless ATM market is accounted to register a CAGR of 11.30% during the forecast period and is estimated to reach USD 6.02 billion by 2032.

The Cardless ATM market pertains to a technology-driven approach that enables users to withdraw cash from ATMs without using a physical debit or credit card. Instead, users can initiate transactions through mobile apps or digital wallets, enhancing convenience and security by reducing the need for physical cards and associated risks like card skimming.

Segment Analysis

The global Cardless ATM market has been segmented based on Type, Technology and End User.

On the basis of Type, the market is segmented into On-site, Off-site, and Others. The market was dominated by the on-site segment, which brought in between 55% and 60% of total revenue (78.48 billion). This is due to the fact that financial institutions and banks intend to concentrate more on developing their ATM infrastructure to boost security, provide easy access, and offer clients an effortless

Based on Technology, the global Cardless ATM market has been segmented into Near-field Communication (NFC), Quick Response (QR) Codes, and Biometric Verification. The category for Near-field Communication (NFC) brought in the highest money. With the help of the near-field communication (NFC) technology, your mobile device can communicate data over radio waves while being held close to a receiver.

Based on End User, the global Cardless ATM market has been segmented into Bank and Financial Institutions and Independent ATM Deployers. In 2022, the market was dominated by the segment of banks and financial institutions. Cardless ATMs can provide banks and other financial organisations a number of benefits, including increased customer service, cost savings, and security.

Regional Analysis

The global Cardless ATM market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Cardless ATM market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Cardless ATM market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Cardless ATM market comprises of Middle East, Africa, and Latin America.

The North American Cardless ATM Market dominated this market in 2022. The most significant market for cardless ATMs in North America is the United States. The market for cardless ATMs in North America will expand over the projected period as a result of the rising use of contactless payment methods.

Additionally, the second-largest market share in 2022 belonged to the Europe Cardless ATM market. The market for cardless ATMs in this area is growing significantly due to rising smartphone penetration. Additionally, the UK Cardless ATM market had the quickest rate of growth in the European region, while the German Cardless ATM market had the largest market share.

Moreover, From 2023 to 2032, the Asia-Pacific Cardless ATM Market is anticipated to experience the quickest CAGR growth. The use of cardless ATMs has significantly increased in China as a result of the popularity of mobile payment platforms like Alipay and WeChat Pay. Agricultural Bank of China and China Construction Bank are two Chinese organisations that have launched cardless ATM services that let users withdraw money using their smartphones. Since more banks and financial institutions have promoted mobile banking services and work to improve the client experience, several nations in the Asia-Pacific region, including South Korea, Japan, and Australia, have seen an increase in the use of cardless ATMs.

Key Findings of the Study

• The global Cardless ATM market is expected to reach USD 02 billion by 2032, at a CAGR of 11.30% during the forecast period.


• The North American Cardless ATM Market dominated this market in 2022. The most significant market for cardless ATMs in North America is the United States.


• Based on End User, In 2022, the market was dominated by the segment of banks and financial institutions.


• Citigroup Inc., JPMorgan Chase & Co., Fujitsu, Santander Group, GRG Banking, NCR Corporation, HSBC Bank A.S., Wells Fargo, Barclays Bank PLC, and ICICI Bank Ltd.