Biometric technology is taking over the world.
From retail shopping to access control and travel, biometrics allow users to easily identify themselves using their own body.
But one of the biggest industries being disrupted by biometrics is the payments industry. According to a report from Goode Intelligence, over 575 million people are already using biometrics to identify themselves and authenticate transactions. This is predicted to grow to over 1.2 billion users by 2020, and 2.6 billion users by 2023.
There are literally dozens of different biometrics on the market, each with its own unique advantages and disadvantages. When it comes to payments, however, most are not ideal.