World digital payments could reach $2 trillion by the end of 2020, according to figures released ahead of the Gitex Technology Week event in Dubai.
Neon Bank has added facial recognition in a bid to bolster security.
Nearly three-quarters of infosec professionals think companies will stop using passwords to authenticate accounts by 2025.
According to latest figures released by EMVCo, around 4.8 billion cards were in circulation in 2015, up by 1.4 billion on the previous year.
MasterCard has lifted the lid on a new program designed to expedite the certification process for merchants looking to adopt EMV.
Financial institutions and e-commerce companies will spend $9.2bn on online fraud detection, according to a study carried out by Juniper Research.