KUALA LUMPUR: A study by Juniper Research has estimated the value of biometrically authenticated remote mobile payments to reach US$1.2 trillion (RM5.24 trillion) globally by 2027; rising from US$332bil (RM1.4 trillion) so far this year.

       The transactions use facial and fingerprint recognition to authenticate remote mobile payments.

       The growth is driven by regulatory changes with the introduction of the strong customer authentication or SCA.

       Original equipment manufacturer-pay vendors should use their influence to enhance the built-in biometric systems within mobile devices to ensure that security is maintained, according to the study by the research oufit. — Bernama