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Biometric Payment Market Projected to Hit USD 34.8 Billion by 2032 Driven by Demand for Security and Convenience

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…

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California DMV Enhances Mobile Driver’s License Program with Biometric Verification

California DMV has partnered with AuthenticID to implement a biometric identity verification system in its mobile driver’s license program. This integration allows residents to securely verify their identities almost instantaneously through facial recognition technology. The initiative supports integration with digital wallets and aims to improve DMV operations and resident convenience. California’s Department of Motor Vehicles…

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