Facial recognition payment users to rise to 1.4bn by 2025

Users of facial recognition software as a means of payment will increase by 120 per cent by 2025 according to a research carried out by Juniper.

The study concluded that facial recognition software usage would see a rise to 1.4 billion from 671 million in 2020.

Juniper cite Apple’s use of Face ID software as being the catalyst for the growth after introducing the tech with the iPhone X back in 2017, despite face masks challenging the growth of the software in the last 12 months.

The new research predicted that fingerprint sensors will feature on 93 per cent of biometrically equipped smartphones by 2025.

READ MORE: Co-op has defended the use of facial recognition tech after pressure from privacy groups

“Hardware-based facial recognition is growing, but the ability to carry out facial recognition via software is limiting its adoption rate,” research co-author Susan Morrow said.

“As the need for a secure mobile authentication environment grows, smartphone vendors will need to increasingly turn to more robust hardware-based systems to keep pace with fraudsters’ evolving tactics.”

Voice recognition payments are also on the rise, predicting to rise to 704 million users by 2025 compared to 111 million last year.

Juniper Research believes that while voice recognition is currently used in banking mainly, it will struggler to grow beyond that over concerns about its reliability.

The think tank recommends that for alternative methods of payment to become more widely used, vendors should instead adopt hybrid biometric strategies including facial and voice recognition, fingerprints and other behavioural indicators to sure up the payment space.

Co-op came under fire in December after it deployed the use of facial recognition technology across nearly 20 stores.

Privacy International subsequently penned an open letter to the grocer, calling on it to confirm whether it had “reviewed any privacy as well as any other fundamental rights concerns” related to the use of the controversial technology.

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