Three-quarters of 16- to 24-year-olds are ready to ditch passwords in favour of biometric security measures such as facial recognition, fingerprint and retina scanning, research has revealed.
In a survey of over 2,000 UK adults commissioned by Visa Europe, 76 per cent said they would feel comfortable making a payment using biometric security and 69 per cent believe this would make their lives faster and easier.
Of the biometric payment methods available to consumers, 16- to 24-year-olds are most keen on verification via fingerprint scanning, with 70 per cent predicting that this will be the primary form of identification by 2020.
Other methods of interest to this generation include retina scans (39pc) and facial recognition (27pc), though voice recognition (12pc), fast DNA samples (15pc) and implanted chips (16pc) remain less popular at present.
“We have more logins and passwords than ever to help keep us secure online and on the high street, but for Gen Z it just feels like an unnecessary burden," said Jonathan Vaux, Executive Director at Visa Europe.
"Biometric authentication using fingerprint recognition or retinal scans offers an ideal solution, combining unique security and ease of use. As products come online with these features integrated, we expect to see multiple passwords as the industry standard begin to decline."
The research also found that 16- to 24-year-olds are more likely than older age groups to use only a single PIN number (32pc) or password (14pc) when protecting their personal data.
Furthermore, this generation is more liberal in sharing their security information than older generations, with 34pc admitting to having shared their debit or credit card PIN number with someone, 32pc their smartphone password and 22pc their internet banking password.
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