PAYMENTS ggggg .
Eoghan concludes : “ The acceptance and success of biometrics in certain markets , such as China , demonstrate the potential for broad adoption . In these markets , biometric authentication has become a standard practice , providing a model for other regions to follow .
“ The technology ’ s ability to quickly and accurately verify identities enhances both security and convenience , making it an attractive option for consumers and financial service providers alike .
“ By addressing security concerns and emphasising the benefits of biometrics , financial services can foster trust and encourage wider adoption of this innovative technology in payment systems .”
120 September 2024