Mobile Payment Biometrics: Market Forecasts, Key Opportunities & Regional Analysis 2022-2027

• Market Dynamics: Provides extensive insight into the market landscape, ; analysing the trends in the mobile payment biometrics market, in addition to identifying the potential challenges and strategic recommendations for future market developments.  
• Regional Analysis: Introduction to the status of the mobile payment biometrics market, regulatory challenges, and future market prospects across our 8 key regions, in addition to a country-level market outlook for 17 countries, including: 
  • Australia 
  • Brazil 
  • Canada 
  • China 
  • Croatia 
  • Czech Republic 
  • Germany 
  • India 
  • Indonesia 
  • Japan 
  • Mexico 
  • New Zealand 
  • Pakistan 
  • South Africa 
  • UK 
  • United Arab Emirates 
  • US 
• Juniper Research Competitor Leaderboard: Key player capabilities and capacity assessment for 15 mobile payment biometric vendors: 
  • Aware 
  • BioCatch 
  • Daon 
  • Entrust 
  • FacePhi 
  • Fujitsu 
  • G+D with Netcetera Portfolio 
  • HYPR 
  • IDEMIA 
  • Imageware 
  • iProov 
  • Jumio 
  • OneSpan 
  • RSA 
  • Thales 
• Industry Forecasts: Forecasts for mobile payment biometrics, including the total volume and total value of biometrically-authenticated mobile payments, split by contactless and remote payments. The forecast runs to 2027 and is also split by our key regions and the 60 countries listed below: 
  • Algeria 
  • Argentina 
  • Australia 
  • Austria 
  • Bangladesh 
  • Belgium 
  • Brazil 
  • Canada 
  • Chile 
  • China 
  • Colombia 
  • Croatia 
  • Czech Republic 
  • Denmark 
  • Ecuador 
  • Egypt 
  • Finland 
  • France 
  • Germany 
  • Greece 
  • Hong Kong 
  • Hungary 
  • India 
  • Indonesia 
  • Ireland 
  • Israel 
  • Italy 
  • Japan 
  • Kenya 
  • Kuwait 
  • Malaysia 
  • Mexico 
  • Nepal 
  • Netherlands 
  • New Zealand 
  • Nigeria 
  • Norway 
  • Pakistan 
  • Peru 
  • Philippines 
  • Poland 
  • Portugal 
  • Qatar 
  • Romania 
  • Russia 
  • Saudi Arabia 
  • Singapore 
  • South Africa 
  • South Korea 
  • Spain 
  • Sweden 
  • Switzerland 
  • Thailand 
  • Turkey 
  • UK 
  • Ukraine 
  • United Arab Emirates 
  • Uruguay 
  • US 
  • Vietnam 

1.       How is the use of biometrics in mobile payments changing? 
2.       How will key market trends affect the projected total value of biometrically- authenticated mobile payment transactions by 2027? 
3.       What recent developments have resulted in an increase in the uptake of mobile payment biometrics? 
4.       Which markets will have the strongest adoption of mobile payment biometrics, and why? 
5.       Who are the leading vendors in the mobile payment biometrics market? 
​

Interviewed: iProov, OneSpan, Thales.
 
Included in the Juniper Research Competitor Leaderboard: Aware, BioCatch, Daon, Entrust, FacePhi, Fujitsu, G+D, HYPR, IDEMIA, Imageware, iProov, Jumio, OneSpan, RSA, Thales.
 
Mentioned:4Stop, Accuant, Advent International, Aegon Bank, Aer Lingus, AimBrain, Airbnb, Alipay, Alkami Technology Inc, Alutel Mobility , American Express, ANZ Bank , Apple, Banco del Estado, Banco Industrial, Banco Pacífico, Barclays, BAXE, Beam Solutions, BehavioSec, betfair, BlackBerry, British Airways, CEA, Centana Growth Partners, Cisco, Citi, Comcast Ventures, Cornèrcard, DKB (Deutsche Kreditbank) AG, EasyJet, EBA (European Banking Authority), ECB (European Central Bank), Europay, Eurostar, Experian, Feedzai, FIDO, Fiserv, ForgeRock, Fortress Identity, Google, Great Hill Partners, GSMA, Haventec, HPE, HSBC, Huawei, HYATT, InstaID, Keycloak, Knab Bank, Mastercard, Maxar Technologies, Microsoft, Mitek, Monzo, NADRA (National Database and Registration Authority), Nationwide Building Society, NEC, Netcetera, NEXT, NHS, Nippon Life, Nok Nok Labs, NTT Data, NXP, Oberthur Technologies, Okta, Oracle, Oxbury Bank, PayPay, Paytm, PhonePe, Ping Identity, PNC, Polarify, Polycom, PostFinance, Prosa, PwC, Rakuten, Redrock Biometrics, RunMyProcess, Samsung, Santander, SAP, SBB (Swiss Federal Railways), Secure Identity Alliance, SMBC, SoftSpace, Sumitomo Mitsui Financial Group, Swiss Medical, Symantec SiteMinder, Symphony Technology Group, TATA, Trustdock, TrustPro, TymeBank, UAE Central Bank , UIDAI (Unique Identification Authority of India), US Department of Homeland Security, Veridium, Visa, Vocel, WeChat, WeWork, White Label Alliance, World Bank, WorldReach, Yubico, Zagrebačka banka, Zippin.
 

Juniper Research’s Mobile Payment Biometrics forecast suite includes:  

• Forecasts for biometrically- authenticated mobile payments, including the total volume and total value of transactions, split by contactless payments and remote payments. 
• Interactive scenario tool allowing users to manipulate Juniper Research’s data for four different metrics.  
• Access to the full set of forecast data of 64 tables and more than 28,300 datapoints.  

Geographical splits: 57 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

The value of biometrically authenticated remote mobile payments will reach $1.2 trillion globally by 2027; rising from $332 billion in 2022. These transactions use biometrics, typically facial and fingerprint recognition, to authenticate remote mobile payments. This growth of 365% is driven by recent regulatory changes, with the introduction of SCA pushing greater adoption.

• OEM (Original Equipment Manufacturer)-Pay solutions, including Apple Pay, are a driver of mobile payment biometrics adoption. OEM-Pay vendors should use their influence over smartphone design to enhance built-in biometric systems within devices and ensure that security is maintained as new threats emerge.
• The SCA requirement of PSD2 (Second Payment Services Directive) has pushed financial institutions to implement biometric authentication. To meet this requirement, financial institutions have capitalised on smartphone biometric authentication capabilities; accelerating the technology’s adoption. The volume of biometrically authenticated remote mobile payments will grow by 383% over the next 5 years, reaching 39.5 billion globally by 2027.
• To maintain trust and reduce fraud, financial institutions are implementing step-up authentication, where certain transactions are escalated for biometric approval based on risk scoring. Therefore, vendors must offer multiple ways to authenticate, as well as developing new techniques to keep biometrics secure.
• Facial recognition is paving the way for greater adoption of biometrics in mobile payments, with OEM-Pay solutions leveraging the near ubiquity of facial recognition capabilities to provide frictionless checkout experiences for customers. With the use of facial recognition increasing, the technology has become a target for malicious actors using advanced spoofing techniques, such as digital injection attacks. In response, mobile authentication vendors must prioritise the design and implementation of enhanced liveness detection, and anti-spoofing techniques, to combat the ever-evolving role of fraudulent players and ensure that security is not compromised.