Daily Review: Defining the Future of Payments, Visa Bets on Biometrics

The biometrics market is expected to experience substantial growth over the coming years. Some estimates suggest that by 2020, global mobile biometric market revenues will reach $34.6 billion annually. Mobile technology is believed to become a major force in accelerating the adoption of biometrics. More than 800 million biometrically enabled transactions will be completed annually on mobile devices by 2020, generating nearly $7 billion in annual biometric authentication revenue.

To embrace the opportunity and meet ever-increasing consumer expectations from online and offline experiences, Visa makes biometrics the centerpiece of the future of payments.

Biometrics centerpiece of Vi ...