Biometric authentication is a trend that you’ll see quickly emerging in the year 2021. Biometric authentication is a verification method that involves the biological and structural characteristics of a person. These verification methods include fingerprint scanners, facial recognition, iris recognition, heartbeat analysis, and vein mapping.
With the rise in the problems of identity theft and fraud, biometric authentication can become a reliable and secure option for all the digital payments that take place in the year 2021. Even the stats suggest the same thing. As per Biometric Update.com, 2.5 million (approx.) payment cards will be issued in 2021.
Biometric authentication is a unique and important payment method as it incorporates and provides accuracy, efficiency, and security under a single package. Biometric authentication is a highly secured method since it involves an individual’s unique characteristics. This factor also helps in building customer loyalty and trust.