September 20, 2017
LONDON – 20th September, 2017 – High-street retailers should consider allowing shoppers to authorise in-store payments with part of their body, claims a new report from Worldpay, which reveals the pressure retailers face in meeting the demands of today’s digital shoppers.
Following the launch of the latest iPhone, which comes with facial recognition technology, just under two thirds (63%) of consumers want to be able to use a biometric scan to authorise payments in-store. When it comes to using our body parts to pay, 69% of consumers say they’d be open to using a finger. But respondents are also beginning to come around to the idea of using their face (24%), iris (33%), and voice (18%) to identify themselves at the point of sale.
James Frost, UK CMO, Worldpay, said: “Today’s digitally-driven consumers want the way they shop to be consistent across every channel, including how they identify themselves when making a payment.
“As biometric identification increasingly becomes a standard across smartphone devices, the combination of these two technologies is starting to win the battle for hearts and minds when it comes to simplicity, convenience, and seamlessness across all channels.”
Worldpay claims the growing popularity of smartphone payments and biometrics is part of a wider trend. Its research suggests consumers increasingly expect the same type of experience in-store as they receive from online retailers like Amazon who are setting the benchmark for speed, simplicity and convenience.
Even though today’s smartphone-centric consumers still value the human touch, Worldpay’s new research also shows that modern technology has made today’s consumer far less tolerant of delays in getting what they want.
Key findings from this year’s Worldpay Consumer Behaviour and Payments Report include:
James Frost added: “Today’s consumers are arguably more demanding of retailers than at any time in the past. As technology continues to evolve, the pressure on retailers to deliver a consistent, personalised and convenient experience across every channel, will only increase.
“Stores need to find a way to reconnect with consumers. That means deploying technologies which remove bottle-necks, particularly at the point of sale, and freeing staff to get out from behind the till and talk to customers on the shop floor. Retailers that will flourish will be those that strike a balance between personalised service, and seamless convenience.”
Notes to editor:
Copies of the Worldpay 2017 Consumer Behaviour and Payments Report can be obtained by contacting Angela Woodward. (See contact details below). Over 2,500 consumers across the UK were surveyed for the report.
Worldpay is a leading payments company with global reach. We provide an extensive range of technology-led payment products and services to around 400,000 customers, enabling their businesses to grow and prosper. We manage the increasing complexity of the payments landscape for our customers, allowing them to accept the widest range of payment types around the world. Using our network and technology, we are able to process payments from geographies covering 99% of global GDP, across 146 countries and 126 currencies. We help our customers to accept more than 300 different payment types.
Worldpay UK helps businesses of all sizes sell more to their customers by accepting card payments in-store, online, via mail or telephone, and on the move. www.worldpay.com/uk
For more information, please contact:
Suraj Mashru, Golin : T + 44 (0) 20 7067 0494
Angela Woodward, Worldpay : T: +44 (0)203 664 2605