Payment With Eye - Presentation

PAYMENT WITH
EYE
Name of the Student
Name of the University
Author’s Note

INTRODUCTION
- I – R is a biometric
payment method, which
uses the identification of
iris
- This application is used
for secured financial
transactions
- I – R falls under the
product development
strategy sector as it is a
new product in an existing
market 2

PRODUCT
I-R SCAN
I-R PAY
 I- R PAY is used mainly for e payments
and credit card payments
 I- R scan is used in standalone
electronics, businesses and military
for security purposes
 The product can record the time and
attendance of an individual and has
an auto zoom and auto scan feature
that is used for easy and hygienic
scanning.
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MARKET SUMMARY
- The market size of the
global biometric system is
expected to grow from USD 33.0
billion in the year 2019 to USD
65.3 billion by the year 2024.
- Compounded annual growth rate
is projected 14.6 per cent.
- Factors driving growth rate are
Standalone devices, Government
initiatives.
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