Biometric Update: What can we learn from the fingerprint biometric payment revolution in Asia?
In today’s rapidly evolving technological landscape, there is no longer a place for the PIN when making card payments. Advances in fingerprint biometric technology have meant that the biometric-enabled payment card, which allows the user to authenticate a payment with a simple touch of the finger, has well and truly reached an inflexion point. One region, in particular, leading the way with this technology is Asia. Whilst some countries are lagging behind in terms of this innovation, countries such as India and China are already actively embracing the concept of the fingerprint biometric payment card into everyday payments.