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Biometric Payments to Climb to Almost $2 Trillion by 2023

New research shows there's an even greater demand for frictionless experiences with payments and even ATMs.

Biometrics set to take off in the next few years (Image: Shutterstock).

Mobile biometric payments will surpass $1.67 trillion per year by 2023, according to research from biometrics research and consulting firm Goode Intelligence.

The London-based firm also found that 68% of biometric payments happened remotely and 32% occurred in store in 2018. By 2023, it expects that balance to shift, with only 54% of biometric payments happening remotely and 46% occurring in store.

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