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.
Driving this trend is Apple Pay, which paved the way for people to make purchases using fingerprints. Android Pay and Samsung Pay continued to advance the trend with their own biometric features, the report said.
The greater availability of smart devices with fingerprint scanners will also boost payments. According to the new research, around 60% of smartphone models are expected to ship with such sensors this year, with many Chinese vendors incorporating them into mid-range models.
Payments via facial recognition (selfies) are also expected to rise. Mastercard’s Identity Check Mobile service, set to go live later this year, enables users to scan fingerprints or take a selfie to validate identity and make payments.