The biometric payment market is set to grow from USD 8.6 billion in 2023 to USD 34.8 billion by 2032, with a CAGR of 16.84%. This growth is attributed to increasing security concerns and consumer preference for seamless transactions powered by technologies like fingerprint and facial recognition. Leading players, including Apple and Mastercard, are spearheading…
China’s draft online ID system aims to create a voluntary Network Identity Authentication Public Service Platform for real-name registration, ostensibly to curb online fraud while maintaining user control over personal data. However, it raises concerns about potential governmental overreach and surveillance, as critics warn of history-based risks associated with real-name registration. Despite assurances from analysts…
As Donald Trump prepares for another presidential term, biometric regulation is expected to focus on balancing consumer privacy with economic growth and technological innovation. Republicans will likely support regulations emphasizing transparency and consent, while avoiding excessive federal overreach. Additionally, policies may emerge to ensure parental consent for minors, limit unnecessary data collection, and promote best…
