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These 9 Fintech Startups are Normalizing Selfie Payments

Written by @vitalyvinogradow | Published on 2021/9/16

TL;DR
Biometric facial recognition during payment procedures (Face Pay, selfie biometrics) makes it super comfortable to shop offline: no bank card, smartphone, or any other device is required. Once a user approaches the purchase area, the system recognizes them by their face and will charge the card a certain payment. There is no need to worry if you've left your smartphone or card at home. To buy something online, it is enough to bring the device with a camera closer to your face. To make a payment, you need to tell the cashier or enter your phone number, then look at the camera of the payment device and smile.

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Written by
@vitalyvinogradow
Building new tech

Topics and
tags
biometrics|face-recognition|technology|startup|how-facial-recognition-is-used|selfie-payments|contactless-payments-market|fintech-startups
This story on HackerNoon has a decentralized backup on Sia.
Transaction ID: 8-iQLZDUt9qCTWVUx-dmrS14PJTotUvqvDAaIGWlI1s