75% of young adults in the UK prefer biometric security to passwords for making payments, a research by Visa Europe revealed.
Nearly 76% said that they were comfortable making a payment using biometric security including facial recognition, fingerprint and retina scanning rather than having to remember several passwords.
The survey covered 2,000 adults falling under the 16-24 years group.
Around 70% of the surveyed individuals predicted fingerprint scanning to be the primary form of identification by 2020; 69% consider the new-age payment system would make their lives faster and easier.
Among various biometric options, retina scanning was preferred by 39%, favored facial recognition by 27%,voice recognition by 12%, DNA samples by 15% and favored implanted chips by 16%.
When compared to the older age groups, the younger consumers mostly used a single PIN or password for securing multiple data.
The study also found that 34% of them shared their debit or credit card PIN number, while 32% revealed their smartphone password, and 22% their internet password.
The Telegraph reported Visa Europe executive director Jonathan Vaux as saying: "We have more logins and passwords than ever to help keep us secure online and on the high street, but for Gen Z it just feels like an unnecessary burden."
"Biometric authentication using fingerprint recognition or retinal scans offers an ideal solution, combining unique security and ease of use."
"As products come online with these features integrated, we expect to see multiple passwords as the industry standard begin to decline."