Technology

Biometric technology halves payment costs, Boston Consulting says

Biometric technology halves payment costs, Boston Consulting says

Alert credit card companies in Korea. Biometric technology using facial, iris, voice, fingerprint and finger vein recognition could halve the current money transfer costs through credit card and mobile transactions totaling at 2.7 trillion won ($2.2 billion) annually, Boston Consulting Group said Friday in a report. The 2.7 trillion won is an approximation of the sum of 290 million hours and 110.7 million square meters.

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