The Changing Landscape of Payments
The future of payments is shifting towards biometrics, making transactions faster and more convenient.
00:00:00 The future of payments is shifting towards biometrics, such as facial and voice recognition, making transactions faster and more convenient.
🔍 The future of payments is shifting towards biometrics, such as face and voice recognition.
📱💸 Biometrics offer a convenient and secure way to authenticate payments from devices like mobile phones.
🔊 Voice payments through home assistants like Amazon Echo or Google Home are becoming popular for making purchases without leaving the house.
00:01:01 A look at the future of payments: teaching computers to understand your voice and make purchases. Voice shopping expected to grow to $40B in 2022.
🎙️ Teaching computers to understand voice and match it to identity enables voice shopping.
📈 35% of consumers use voice assistants to purchase products and voice shopping market is expected to reach $40 billion in 2022.
⚙️ Amazon, Google, and Microsoft dominate the voice shopping market.
00:02:00 Biometrics are seen as a solution to making payments safer, changing the consumer experience and increasing security. Voice payments may soon become mainstream.
💡 Biometrics can make payments safer and more secure.
📲 93% of consumers prefer biometrics over traditional passwords.
🎙️ Voice payments may become mainstream in the future.
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