Shinhan Card tests Face Pay

Shinhan Card tests Face Pay

Korea's Shinhan Card group has begun testing a facial recognition-based payment system within the company's canteen and onsite convenience store.

After registering their credit card information and taking photos of their faces, employees can ditch their wallets and instead use facial recognition kiosks to pay for their purchases.

The card company is working with CU convenience store operator BGF Retail to bring the system to market at universities and other unmanned CU store locations.

In China, where face pay is a growing phenomenon, Alipay has devoted R&D to the creation of 'beauty filters' to encourage more uptake among the 60% of consumers who shy away from the system because they think it makes them appear ugly.

Comments: (2)

David Gyori
David Gyori - BANKING REPORTS, LONDON - London 07 August, 2019, 11:45Be the first to give this comment the thumbs up 0 likes

This is great! I like this. 

Andrew Smith
Andrew Smith - RTGS & ClearBank - London 08 August, 2019, 10:06Be the first to give this comment the thumbs up 0 likes

I love this. However, experience from building my own payment with "palm" solution - is that this is awsome, in a small closed group. The issue with payments like this at scale is the necessary compute power to recognise an indivudal across a mass user base. Think millions of faces to run your face matching algorithms against. That's not necessarily quick nor cheap......Though we came up with a process solution for this (which i wont be sharing lol)...