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Payment Trends Related To Biometric Payments

Updated: Mar 7, 2023

Digital payments - and particularly biometric authentication payments - have shown massive growth across the globe in recent years. Biometric authentication methods are in high demand in various sectors such as banking, retail, transport and security, with no signs of slowing down any time soon.

Given the myriad of advantages associated with biometric payments, including the need for a reduction in payment fraud, combined with the ever-increasing demand for such alternative payment methods, there looks to be much potential for growth of this sector in the near future. In fact, a prediction of over 2.6 billion biometric payment users by 2023, indicating the necessity to innovate simple, secure authentication solutions using biometric technology.

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