Palm biometrics is one in-person payment authentication modality platform operators are betting on, and digital wallets will soon be where we all keep our IDs.
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The modality continues to see uptake for retail applications, with payments providers and retailers shaking hands on several deals involving palm biometrics.
The global Biometrics-as-a-Service market garnered USD 1.42 billion in 2018, and is estimated to reach USD 5.37 billion in 2026, growing at a CAGR of 18.2% from 2019 to 2026.