Polly Jean Harrison, Features Editor of the Fintech Times, joins Remy Blaire to share insights from a new report by Checkout.com on digital payments. The report highlights that 49% of the UK population believes the future of secure online payments will involve digital ID verification. However, only 21% of consumers currently utilize biometric verification methods, indicating a significant opportunity for merchants to enhance customer trust by integrating these technologies.
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Let's check in on the headlines from Europe and the Middle East with Polly Jean Harrison, features editor of the Fintech Times.
Good morning, Polly, and thank you so much for joining us.
Well, according to a new report from global digital payments platform Checkout.com, merchants and financial institutions that do not offer ID verification and biometric payment authorization risk losing customer trust.
So what did the report actually reveal about digital payments?
Good morning, Rey.
Happy Friday.
Always great to be here as usual.
So in this new 2025 report, Trust in the Digital Economy, Checkout.com has revealed that 49% of the UK population believe that the future of secure payments online will use digital ID ass verification.
But despite this demand, only 21% of UK consumers are currently using a payment method with biometric gratification for added security, and Checkout.com says that this highlights a significant untapped opportunity for merchants to increase trust in the digital economy by integrating payment flows that offer biometric authentication.
And this comes as the UK government is currently exploring plans to develop a digital Britcard ID card.
So interestingly though, attitudes towards this type of businesses trusted to store biometric.
Data for payments and ID verification do vary by gender.
So 8% more men are comfortable with Fintech storing the data than women, or 8% more women are comfortable with food delivery services storing the biometric data than men.
So there is a little bit of gender disparity in terms of the trust in businesses to protect their data.
However, Checkout.com's new report also reveals that men are twice as comfortable as women with online gaming and digital content providers storing their biometric data as well.
I think there's obviously a lot in here when it comes to digital ID.
I think it's Something that has been sort of on the brink of happening for a really long time and having that widespread implication and implementation, sorry.
And so I think it's really interesting to see that Checkout.com are running this kind of research, especially when we think about, you know, payment fraud and other like really hot topics at the moment when it comes to digital payments.
I think it's really interesting that consumers are more open to having their ID verification done digitally through biometric authentication.
So a really interesting one to keep an eye out and definitely one I'll be watching.
In the next sort of coming year or so.
OK, Pauly, and very quickly here I understand Open banking fintechODA is launching its new Notari platform.
So tell us a little bit about the benefits here.
Yeah, absolutely.
So in the last decade, the popularity of live streaming has absolutely skyrocketed, and so as more are looking to get involved in the streaming world and actually providing full-time jobs, payments aspect really needs to be up to date.
And one organization looking to do this is the open banking fintech NoDA.
They have launched their new Noda Prime platform which is helping streamers get paid faster, keep more of their earnings, and turn donations into real-time interactions with their audiences.
And they're ensuring connectivity remains a top priority for streamers.
Their platform can be used by both new and.
The streamers and benefits from an easy way to monetize their content with no delays, no extra apps, and no complicated setup.
So I thought this is a really interesting piece today, you know, streamers, streamers today really need those tools that are fast, flexible, and truly creative friendly, and Noda Prime is really hoping to put streamers in control of their finances, helping them to get paid instantly, instantly, and building deeper engagement through fun interactive donation experiences.
It's just a really nice story today and something and always interesting to see the payment industry getting into something a bit more niche like streaming.
OK, Polly, well, we will have to leave it there, but we look forward to speaking with you again next week.