NETHERLANDS LAGGING BEHIND IN ADOPTION OF BIOMETRIC AUTHENTICATION IN FINANCE, SAYS SURVEY
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A recent survey has revealed that consumers in the Netherlands are among the least enthusiastic about using biometric authentication for payments. This trend is evident across all age groups, with only a small percentage of young adults preferring this payment method.
Biometric Payments: A Catch-All Term
The survey used “biometric payments” as a catch-all term for any Point-of-Sale (POS) transaction that relies on an individual’s physical characteristics. This can include:
- Iris scanning
- Speech recognition
- Facial recognition
- Fingerprint scanning
These cutting-edge technologies are expected to be widely adopted, but the survey suggests that consumers in the Netherlands may need more convincing.
The Netherlands: A Laggard in Biometric Payments Adoption
The survey polled consumers across various age groups from 18 to 75 and found that:
Age Group Preferences for Biometric Authentication
| Age Group | Percentage of Respondents Who Prefer Biometric Authentication |
|---|---|
| Gen Z (18-24) | 4% |
| Other age groups | N/A |
The Netherlands ranked lowest in terms of openness to biometric payments, highlighting a potential gap between consumer preferences and the adoption of this technology.
Experts Weigh In
Some experts predict that biometric authentication is “on the horizon”, but it remains unclear which type of biometric authentication will be most widely adopted. The survey’s findings suggest that consumers in the Netherlands may need further convincing before embracing biometric authentication as a mainstream payment method.
In conclusion, while biometric payments show promise, there are still significant challenges to overcome before they become a mainstream payment option in the Netherlands.