New data from Juniper Research has shown that the total transaction value of remote payments for digital and physical goods will exceed $6 trillion by 2024; representing a growth rate of 53% from 2019.

Mobile biometrics will authenticate $2 trillion worth of in-store and remote mobile payment transactions annually by 2023, according to a new study from Juniper Research. This is 17 times the $124 billion expected in 2018, as initiatives furthering secure remote payment transactions and more open biometric platforms proliferate.

The mobile payment market was valued at $601 billion in 2016, and is projected to reach $4,574 billion by 2023, according to a new report published by Allied Market Research.