Determinants of consumer adoption of biometric technologies in mobile financial applications

Piotrowska Anna Iwona ()
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Piotrowska Anna Iwona: Department of Digital Economy and Finance, Faculty of Economic Sciences and Management, Nicolaus Copernicus University, Gagarina 11, 87-100 Toruń, Poland

Economics and Business Review, 2024, vol. 10, issue 1, 81-100

Abstract: This study aims to identify what determines the use of biometric technologies in the financial applications of banks and FinTechs. The analysis uses data from a survey of 1,000 adult Polish residents. The estimated logit model indicates that the probability of using biometric solutions decreases with age and increases with the level of education and technological sophistication related to personal innovativeness, experience with biometric technology and the use of digital technology in both financial and non-financial areas. The work identifies the COVID-19 pandemic as a factor accelerating the adoption of biometric solutions and fostering awareness of the threat of digital technologies invading respondents’ privacy. The study demonstrates the positive impact of trust that phone manufacturers use to ensure the security of stored funds and data processing on the acceptance of biometric solutions in financial services. This relationship underpins the recommendation to financial institutions in the field of promoting biometric technologies.

Keywords: biometric technologies; mobile payments; mobile banking; personal finance apps; technology acceptance; FinTech; COVID-19 pandemic (search for similar items in EconPapers)
JEL-codes: D14 G21 O33 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecobur:v:10:y:2024:i:1:p:81-100:n:2

DOI: 10.18559/ebr.2024.1.1019

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