The short‐wave infrared (SWIR) photoluminescence lifetimes of rare‐earth doped nanoparticles (RENPs) have found diverse applications in fundamental and applied research. Despite dazzling progress in the novel design and synthesis of RENPs with attractive optical properties, existing optical systems for SWIR photoluminescence lifetime imaging are still considerably restricted by inefficient photon detection, limited imaging speed, and low sensitivity. To overcome these challenges, SWIR photoluminescence lifetime imaging microscopy using an all‐optical streak camera (PLIMASC) is developed. Synergizing scanning optics and a high‐sensitivity InGaAs CMOS camera, SWIR‐PLIMASC has a 1D imaging speed of up to 138.9 kHz in the spectral range of 900–1700 nm, which quantifies the photoluminescence lifetime of RENPs in a single shot. A 2D photoluminescence lifetime map can be acquired by 1D scanning of the sample. To showcase the power of SWIR‐PLIMASC, a series of core‐shell RENPs with distinct SWIR photoluminescence lifetimes is synthesized. In particular, using Er3+‐doped RENPs, SWIR‐PLIMASC enables multiplexed anti‐counterfeiting. Leveraging Ho3+‐doped RENPs as temperature indicators, this system is applied to SWIR photoluminescence lifetime‐based thermometry. Opening up a new avenue for efficient SWIR photoluminescence lifetime mapping, this work is envisaged to contribute to advanced materials characterization, information science, and biomedicine.