Roughly three percent of Millennial respondents in Finland preferred to use biometric authentication for payments over other options available to them. This is according to a survey held among consumers ages 18 to 75 - with "Millenials" here being defined as the age group 25 to 40 years old. Biometric payments" is a collector term for any POS payment performed using a person's physical traits. This can include iris scanning or speech recognition, but often refers to facial recognition and fingerprint scanning. That said, this type of digital payments is relatively undocumented. The source claims the use of biometric payment is "on the horizon", although it does not specify which type of biometric authentication it refers to here.
Share of respondents in Finland who prefer to pay with biometric payment authentication over cash, card, mobile phone, or smartwatch from 2nd quarter of 2022 to 2nd quarter of 2023
Physical means of payment consumers prefer to pay with if all payment methods were available
Supplementary notes
The source adds a total of 19,293 consumers were surveyed and this includes both Klarna users and users who did not use Klarna. It also adds that sample sizes were nationally representative.
The source does not specify the survey method used.
The source adjusts categories like Millennials as they grow older. The age groups are as follows:
Gen Z: 18-24 years for 2022, 18-26 for 2023;
Millennials: 25-40 years for 2022, 27-42 for 2023;
Gen X: 41-56 years for 2022, 43-58 years for 2023;
Baby boomer: 57-75 years for 2022, 59-77 for 2023.
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Klarna. (September 14, 2023). Share of respondents in Finland who prefer to pay with biometric payment authentication over cash, card, mobile phone, or smartwatch from 2nd quarter of 2022 to 2nd quarter of 2023 [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/1361324/biometric-payment-preferences-in-finland/
Klarna. "Share of respondents in Finland who prefer to pay with biometric payment authentication over cash, card, mobile phone, or smartwatch from 2nd quarter of 2022 to 2nd quarter of 2023." Chart. September 14, 2023. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/1361324/biometric-payment-preferences-in-finland/
Klarna. (2023). Share of respondents in Finland who prefer to pay with biometric payment authentication over cash, card, mobile phone, or smartwatch from 2nd quarter of 2022 to 2nd quarter of 2023. Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/1361324/biometric-payment-preferences-in-finland/
Klarna. "Share of Respondents in Finland Who Prefer to Pay with Biometric Payment Authentication over Cash, Card, Mobile Phone, or Smartwatch from 2nd Quarter of 2022 to 2nd Quarter of 2023." Statista, Statista Inc., 14 Sep 2023, https://www.statista.com/statistics/1361324/biometric-payment-preferences-in-finland/
Klarna, Share of respondents in Finland who prefer to pay with biometric payment authentication over cash, card, mobile phone, or smartwatch from 2nd quarter of 2022 to 2nd quarter of 2023 Statista, https://www.statista.com/statistics/1361324/biometric-payment-preferences-in-finland/ (last visited November 25, 2024)
Share of respondents in Finland who prefer to pay with biometric payment authentication over cash, card, mobile phone, or smartwatch from 2nd quarter of 2022 to 2nd quarter of 2023 [Graph], Klarna, September 14, 2023. [Online]. Available: https://www.statista.com/statistics/1361324/biometric-payment-preferences-in-finland/
