The document goes on to describe an alternative method using face or eye recognition technology that can be used not just for security purposes, but for possible e-commerce solutions like completing an online transaction.
Moreover, the introduction of mobile payment solutions and growing influence of social media are likely to complement growth in e-commerce and m-commerce channels.
According to Penang Netpreneur Chan Hong Saik, who runs B2B Internet solutions group Ebx.com, numbers like that mean that the term "e-commerce" will soon be redundant.