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.

2 comments

Shinhan Card tests Face Pay

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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.

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Comments: (2)

David Gyori CEO at BANKING REPORTS, LONDON

This is great! I like this. 

Andrew Smith Founding CTO at RTGS & ClearBank

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)...

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