Biometric payment is a point of sale (POS) technology that uses biometric authentication, often as part of a two-factor authentication process that includes a personal ID number.

Nearly 80% of those surveyed said they want more biometric authentication methods beyond fingerprint authentication to access mobile banking or payment apps, EyeVerify found.

“The biometric card removes friction, and both banks and consumers like that,” he said. India, Morocco and Jordan are among the latest countries to add biometric payment cards, with Moroccan Bank for ...

Currently, biometric payment cards are in trial across some banks in Europe. The main benefit of using a biometric card is security; instead of entering a PIN code during purchase, you touch the ...

According to Juniper, companies will use biometrics to authenticate over $3 trillion of payment transactions in 2025, a whopping increase of more than 650% from the $404 billion authenticated in 2020.

In Mastercard's 2020 global payment study, 79% of people said that they use contactless payments, whether via a digital wallet or a tap-to-pay card functionality. Biometrics are another layer of ...

Global Biometric Payment Card Market is valued at approximately USD 144.25 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 68.8 % over the forecast period 2024-2032.

Mastercard in collaboration with Eastern Bank PLC (EBL) introduced its first biometric metal credit card, marking a ...