Wero, a mobile payment app by the European Payments Initiative, is expanding into Belgium. The app supports QR code and P2P payments, aiming to create a unified European payment solution. Following its launch in Germany and France, Wero plans to introduce additional functionalities and enhance e-commerce payments. Despite losing some banking partners, the platform boasts…
Anonybit has launched its decentralized biometric identity platform within NayaOne’s Tech Marketplace, allowing financial institutions to conduct low-risk tests of the technology. This initiative aims to accelerate the adoption of innovative identity management solutions, thereby enhancing security and efficiency in financial transactions. Anonybit has integrated its decentralized biometric identity platform into NayaOne’s Tech Marketplace, allowing…
Cyprus has initiated a digital ID application process called IDME.cy for citizens aged 18 and above. Applications began on January 27, 2023, requiring online submission and biometric capture. The digital ID enhances security and access to services, with the first 30,000 IDs issued for free. A digital wallet for storing IDs will also be launched,…
As of January 27, 2023, Cyprus has opened applications for digital ID cards for citizens 18 and older. The digital ID, IDME.cy, aims to streamline access to services and supports biometric authentication. Initial adopters can receive their IDs for free, with a focus on compliance with EU regulations and future integration with digital services. Cyprus…
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…
