Shiny Sreekumar

• Mobile payment has been a payment option in the market for a long time now and was predicted to become a widely used payment method. However, over the years, the market penetration rate of mPayments has been relatively low, despite it having all characteristics required of a convenient payment method. The primaryrnreason for this has been cited as a lack of customer acceptance mainly caused due to the lack of perceived security by the end-user. Although biometric authentication is not a new technology, it is experiencing a revival in the light of the present day terror threats and increased security requirements in various industries. The application of biometric authentication in mPayments is analysed here and a suitable biometric authentication method for use with mPayments is recommended. The issue of enrolment, human and technical factors to be considered are discussed and the STOF business model is applied to a BiMoP (biometric mPayment) application.