Paying for items using your mobile device is not uncommon, but paying with a selfie, fingerprint or iris scan is. Biometric mobile payments may seem like a scene from a Sci-Fi movie but biometric payments are real and may very well be the next disruptive technology in the mobile payments industry.
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Mobile payment users are expected to hit 2 billion worldwide by 2020, according to Juniper Research, and there’s no question that artificial intelligence will change mobile payments and has the potential to greatly disrupt the banking industry. Mobile payment applications are sought after for the ease and efficiency they add to the user experience. While artificial intelligence…