Biometrics Set To Authenticate Over $3 Trillion Payment Transactions By 2025

By   ISBuzz Team
Writer , Information Security Buzz | Feb 02, 2021 06:49 am PST

Juniper Research claims that biometrics such as fingerprint, iris, voice, and facial recognition, will be used to authenticate payment transactions of more than $3 trillion by 2025. Boosting the demand for biometrics is the use of OEM Pays that include the likes of Apple Pay and Samsung Pay, which already offer the functionality. Since the coronavirus, there is exponential demand for contactless options as the favoured method of paying.