Mastercard to allow shoppers to pay with a smile or wave of the hand
The new biometric payment system is being piloted in Brazil
One won’t be needing a card or a mobile phone at checkout
Mastercard said the benefits of the technology include faster transaction times, better security, and a more hygienic process
The contactless biometric technology is set to reach $18.6 billion by 2026
Mastercard’s program follows similar moves by rivals like Visa and Amazon who are developing their own biometric systems
Shoppers in Brazil will be the first to pilot the new system this week
