Biometrically authenticated remote mobile payments to reach US$1.2trn globally by 2027
Basingstoke, UK. 8 June 2022 – A new study from Juniper Research has found that the value of biometrically authenticated remote mobile payments will reach $1.2 trillion (€1.12 trillion) globally by 2027; rising from $332 billion (€309.38 billion) in 2022. These transactions use biometrics, typically facial and fingerprint recognition, to authenticate remote mobile payments. This growth of 365% is driven by recent regulatory changes, with the introduction of SCA (Strong Customer Authentication) pushing greater adoption.
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