The Currency Scene:
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By Tom Phillips[1] • Updated nfcw.com[2]

Some 70% of Swedish consumers would be interested in having a biometric payment card so they can make high-value transactions without having to touch a point-of-sale (POS) terminal, a new survey reveals — and 59% would be willing to pay a monthly fee for one.

Zwipe logo

Overall, 80% of the survey participants said they were “worried about the risk of infection when using their payment card and touching the payment terminal to type in the PIN code to complete a transaction”.

Three quarters (75%) said they would like their next payment card to be enabled for biometric payments and 48% said they would switch banks if they were offered a biometric payment card by a bank other than their current one “in order to get access to safer and more secure payments”.

Of the 59% who said they would be willing to pay an extra monthly fee for a biometric payment card, 47% would be willing to pay SEK10-50 (US$1.16-5.79) and 12% would be willing to pay SEK51-99 (US$5.91-11.47).

The survey was carried out by software and services company TietoEvry[3] and biometric fintech Zwipe[4].

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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