Soon, you won't have to remember that confusing banking password. A selfie will do!

In a major announcement at the Mobile World Congress technology convention, Mastercard confirmed it will begin allowing users to submit selfies or fingerprints in lieu of passwords in online transactions.

As Digital Spy reports citing BBC News, the credit company will roll out the verification through a new Identity Check app this summer in the UK, the U.S., Canada, the Netherlands, Norway, Finland, Sweden, Denmark, Italy, France, Switzerland, Germany and Spain.

The shift in ID policy comes after trial runs in the U.S. and the Netherlands showed 92% of respondents preferred selfies to remembering passwords.

Under the new system, users will still input their credit card details. However, only a fingerprint or picture from the phone's camera will be required if further authentication is needed.

As a security measure, participants will be required to blink during the selfie to prove a pre-existing image hasn't been used.

"Consumers hate passwords," Mastercard's security chief Ajay Bhalla said. "We know the most commonly used password is 123456, so they are not secure, and people also use the same passwords for multiple sites.

"If one site gets hacked all the places that you use the same password get compromised - they are a big pain.

"In the modern world everyone has a mobile phone and there is internet connectivity everywhere. So, we should be able to use biometrics [instead] to authenticate ourselves."

Mastercard's selfie ID app follows on the heels of a similar process introduced to Alibaba's customers in China.