A study published by credit and identity management firm Experian's UK arm has found that a third of Britons believe mobile payments featuring biometric or other authentication will overtake debit and credit card transactions by 2020.In the “Banking Moving Forward” study, almost half said that they would be prepared to make mobile payments via biometric scanning, with a fifth ready to consider paying for goods and services using voice authentication.Two out of five respondents expected a decline in the use of credit and debit cards, with seven out of ten respondents predicting that cash will fall in popularity.”People will certainly be faced with more choice in years to come with the payment methods and providers they choose,” said Derek Garriock, head of business solutions at Experian UK and Ireland. “Their decision will ultimately be based on the ability to pay for something, securely, anywhere and at any time at their own ease and convenience.However, the study also found that people are concerned that relaying on smartphones increases the chances of identity theft.Almost half of people surveyed fear their identity may be stolen online, while 60% of smartphone users said they had no malware protection on their devices, leaving them vulnerable to hacking by cyber fraudsters.

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