Revisiting Facial-Recognition Payment: Old Problems Still Lingering
China is a world leader in adopting innovative payment methods. Most Chinese today use their mobile phones to make payments and many people don't carry a physical wallet. Now facial-recognition payment (FRP, 刷脸支付) is gaining traction in China as well. To use FRP, users must first register their face and upload bank-card information to a mobile app. Then, they can complete payments by simply glancing at cameras positioned at the checkout in stores. FRP has become a popular payment method, used mostly in convenience stores, vending machines, and supermarkets.
Mar-24-2022, 05:56:01 GMT
- Industry:
- Banking & Finance (0.94)
- Retail (0.69)
- Information Technology > Security & Privacy (0.50)
- Consumer Products & Services > Restaurants (0.47)
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