These technologies are seen as more convenient options over conventional methods like passwords or PINs "which are difficult to type onto tiny keyboards, easy to forget, and can be stolen", the report said.
"The payments ecosystem is witnessing a rapid change in adoption of new form factors of payments and modes of authentication," Visa India and South Asia Group Country Manager TR Ramachandran said.
For financial institutions, the time has never been better to integrate biometric technology into banking apps and payments experiences for customers, he added.
"Indian consumers too have discovered the ease of biometric authentication and are open to using this technology for transactions going forward, which augurs well for the Indian payments industry," he stated.
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According to the study, 99 per cent of the respondents said they are personally interested in using at least one biometric method to verify their identity, and an equal number of participants said they are interested in using at least one biometric method to make payments.
Also, many perceived that biometrics are faster (81 per cent) and easier (84 per cent) than passwords.
Interestingly, 51 per cent said they are concerned about the risk of a security breach of sensitive biometric information.
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