biometric payments Archives

Why QR Code Payments Are the Secret to APAC’s Digital Wallet Boom

04/08/202504/07/2025 Angela Linders

The Rise of Digital Wallets in APAC: Redefining Payments and the Future of Cashless Economies Across the Asia-Pacific (APAC) region, digital wallets such as Alipay and WeChat Pay have fundamentally reshaped the way individuals and businesses handle money. From paying for a morning coffee to securing government subsidies, these mobile payment innovations have positioned APAC as a global leader in the transition toward cashless economies. But what makes this transformation so significant, and what challenges remain in this highly dynamic landscape? Cashless Economies on the Rise By 2024, an estimated…

Biometrically authenticated mobile payments to break $1 trillion milestone in 2027

06/01/202205/31/2022 John Montgallo

The value of the transactions is going to breach $1.2 trillion in five years, says Juniper Research. The value of mobile payments biometrically authenticated is expected to reach $1.2 trillion worldwide by the close of 2027, according to a recent Juniper Research study. The study expects a massive growth rate from the $332 billion the transactions are currently worth. Juniper Research has provided an evaluation of the transition from traditional transaction security methods such as passwords and PINs to biometric authentication of mobile payments, in its paper titled: “Mobile Payment…