Almost all the hottest topics in the IT and investment circles are related to the two popular areas of 5G and AI. Smart cities, unmanned driving, and smart retail will all benefit from the dual-core drive of 5G+AI. Among them, facial payment in the smart retail field has recently soared. It is expected to become the fastest application scenario under the catalysis of 5G+AI. Alipay is the first to deploy facial payment, and WeChat payment is pressing closer.
It is well known that Alipay's leadership depends on the absolute superiority of Ali's online e-commerce field. On the other hand, WeChat Pay can overcome difficulties in offline payments with WeChat's 1 billion monthly active users. In the past few years, the rapid development of mobile payment has led to the transformation of payment technology, and the maturity of face recognition technology and the increase in people's demand for convenience and security of payment have made facial payment gradually enter the public view. Face-swiping payment, smart medical care, smart campus, smart bank, catering, supermarket, hotel, non-sense parking lot, various scene solutions, software customization development, payment equipment wholesale, please Baidu "Zhangyou Electronic Wei" for details
As a typical commercial case of artificial intelligence in the financial field, payment giants have already smelled the huge business opportunity of "pay by face". As early as September 1, 2017, Alipay realized the world's first commercial use of face payment, and it launched online face payment at KPro restaurant in KFC. Immediately afterwards, Jiangxi Provincial People's Hospital, CP Lotus, and Hongqi Chain have joined the camp. According to data released by Ant Financial, as of the end of 2018, more than 300 KFCs in more than 100 cities across the country have supported face-based payment.
At the same time, WeChat face payment has also stepped up its implementation across the country. In March of this year, it was reported that the first batch of WeChat Pay’s face-swiping devices, "Frogs", will soon be rolled off the line. Supermarkets such as Carrefour, BBK, Tianhong, etc., can all use WeChat smart cash register devices to pay by swiping their faces. The WeChat payment team said, "In 2019, we will combine the product capabilities of WeChat ecology in more scenarios such as retail, catering, apparel and beauty, medical care, and hotel scenic spots, and pay with face recognition."
Compared with scan code, face payment is not only convenient, but also has higher security. The most important thing is that once the customer accepts the face payment, the customer will no longer need to take out the mobile phone. For merchants and consumers, facial payment is a win-win situation. With the vigorous promotion of Alipay and WeChat payment, facial payment has gradually become a new important growth point in the mobile payment industry. While face-to-face payment changes people’s lives, it also brings many conveniences to businesses.
The product R&D center of Palmyou Electronics has more than 40 experienced R&D engineers who insist on independent R&D and independent innovation. Many software and hardware products have applied for national patent declaration and more than 40 software copyright registration certificates. The strong R&D team guarantees the consistency and stability of each product from the development and design of software and hardware to industrialized mass production, and also guarantees the rapid update of Palmyou products. Provide aggregate payment systems and payment hardware products for Alipay, WeChat Pay, China UnionPay, Word of Mouth, Telecom Yipay, JD Pay, Coca-Cola and other companies. The company maintains more than 130,000 mobile payment service merchants across the country and cooperates with more than 1,300 companies.