European consumers are eager to use biometric technology for secure payments, Visa study finds

As cybersecurity threats targeting the financial sector continue to rise and malicious hackers’ techniques become bolder and more sophisticated, biometric technology is swiftly emerging as a promising solution to strengthen digital security and better secure payments. Over half of Europeans are ready to use the technology while making a payment, Visa research has found.

 

According to a recent Visa study surveying over 14,000 consumers across seven European countries, including the UK, more than two thirds (68%) of customers are interested in using biometric technology for payments. Almost three-quarters consider two-factor authentication a secure way to securely confirm an account holder, especially when a biometric is used together with a payment device, such as mobile phone or a card reader.

 

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