From Nasdaq:

The demand for secure and convenient payment methods has increased as online consumer spending rose 4.9% during the holiday season. Biometric security systems, such as 3D facial recognition and vein recognition, offer a more secure alternative to password-based systems. The biometric payment market is expected to authenticate over $3 trillion of payment transactions in 2025, growing over 650% from 2020. Companies like Apple, Amazon, and Mastercard are leading the way in biometric payment technologies. As technology advances, expect to see more innovative biometric solutions, including greater integration of AI to refine the accuracy of biometric systems.



Read more: Understanding the Biometric Payment Systems Landscape