{"id":7681,"date":"2021-02-11T17:35:35","date_gmt":"2021-02-11T17:35:35","guid":{"rendered":"https:\/\/fintech.global\/globalpaytechsummit\/?p=7681"},"modified":"2021-02-11T17:35:35","modified_gmt":"2021-02-11T17:35:35","slug":"biometrics-to-secure-over-3trn-in-mobile-payments-by-2025","status":"publish","type":"post","link":"https:\/\/fintech.global\/globalpaytechsummit\/biometrics-to-secure-over-3trn-in-mobile-payments-by-2025\/","title":{"rendered":"Biometrics to secure over $3trn in mobile payments by 2025"},"content":{"rendered":"<p><strong>Biometrics will be used to authenticate over $3trn mobile payments around the world by 2025, according to a new study from Juniper Research\u00a0<\/strong><\/p>\n<p>That\u2019s up from just about $404bn in 2020. The report found that biometrics, including fingerprint, iris, voice and facial recognition are becoming critical to offering compelling app experiences, as mobile payments dominate the payments landscape.<\/p>\n<p><span class=\"aCOpRe\">Original equipment manufacturer (OEM) payment solutions such as Apple Pay and Samsung Pay will drive the <\/span>growth in the space.<\/p>\n<p>The researchers also found that although biometric capabilities will reach 95% of smartphones globally by 2025, only 35% of these smartphones will be used for making biometric payments in e-commerce in the same year.<\/p>\n<p>\u201cWhile biometrics are now an established part of the ecosystem, payments and e-commerce apps have not kept pace with the rate of innovation,\u201d said Susan Morrow, author of the report.<\/p>\n<p>\u201cMerchants must adopt biometric capabilities rapidly and educate users to best secure the increasingly massive e-commerce market.\u201d<\/p>\n<p>Copyright \u00a9 2021 FinTech Global<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biometrics will be used to authenticate over $3trn mobile payments around the world by 2025, according to a new study from Juniper Research\u00a0 That\u2019s up from just about $404bn in 2020. The report found that biometrics, including fingerprint, iris, voice and facial recognition are becoming critical to offering compelling app experiences, as mobile payments dominate&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/globalpaytechsummit\/biometrics-to-secure-over-3trn-in-mobile-payments-by-2025\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":8,"featured_media":7682,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts\/7681"}],"collection":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/comments?post=7681"}],"version-history":[{"count":0,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts\/7681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/media\/7682"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/media?parent=7681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/categories?post=7681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/tags?post=7681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}