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. But the technology has been slow to catch on among consumers and businesses.
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.