PURCHASE, N.Y.—Consumers’ use of digital payment forms continues to climb globally, according to a new study, which found many consumers interested in biometrics.
A report from Mastercard shows nearly nine in 10 consumers worldwide have made digital payments using digital wallets, contactless, QR codes, buy now pay later, money transfer apps, cryptocurrencies, biometrics and other digital payment technologies (85%).
More than six in 10 say they have increased their usage of at least one digital payment method (61%) in the last 12 months, NFC World noted in its analysis.
Globally 35% of respondents to the survey said that they used less cash in the last year.
“When asked specifically about biometric payments, more than two-thirds of respondents say they think authenticating payments using biometric technology is more secure than using a PIN or password while just under two-thirds agree that it is easier to pay with biometrics than using a payments card (61%),” NFC World said.
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