Smartphone-based secure payment authentication system
Current payment authentication methods such as passwords and PINs are vulnerable to security breaches. This startup idea focuses on developing a smartphone-based secure payment authentication system using biometrics like facial recognition or fingerprint scanning. This solution provides a convenient and secure way for users to authenticate their payments. Market Size: According to a report by MarketsandMarkets, the global biometrics market size is expected to reach $59.31 billion by 2025, with a CAGR of 15.2%.