The number of mobile payments authenticated by biometrics will increase to nearly $2 billion this year, up from $600 million in 2016, according to research from Juniper Research.
The global value of mobile payments authenticated using biometric verification will rise from $600m in 2016 to almost $2bn in 2017, according to a study by Juniper Research. The uptake of biometric solutions is being driven by services such as Apple Pay, which uses a built-in thumbprint scanner to authenticate users' identities. Some 60% of smartphone models are expected to be equipped with fingerprint sensors this year. Payment by facial recognition is also set to rise.