In 2025, the number of people who will use facial recognition to authorize payments will be over 1.4 billion worldwide, up from 671 million today.
An increase of 120%.
This was stated by a research by Juniper Research, which estimated the future value of this type of payments at about 3 trillion dollars.
In addition to facial recognition, the experts write, sensors that detect fingerprints and voice recognition are on the rise, again for the authorization of payments.
"The recognition based on specific hardware is growing, even if the possibility of obtaining the same result with software limits its adoption - explains Susan Morrow, one of the authors of the research -. With the growth of the need for safe methods for 'authenticating smartphone makers to move to more robust systems to keep up with the tactics of scammers. "
Among the various platforms that can be used, experts explain, voice recognition is also gaining popularity, which in 2020 had 111 million users, while in 2025 it should reach 704 million.
