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.

Summary of a video "An inside look at the future of payments | CNBC Reports" by CNBC International on YouTube.

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