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.
Almost all the hottest topics in the IT and investment circles are related to the two hot 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 surged, and 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 harder. 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 facial 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 with 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-to-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.
Henan Zhangyou Electronic Technology is now the official authorized national service provider of Tencent Tenpay WeChat Pay, the developer of Ant Financial Alipay’s face-to-face payment ISV system, Ant Financial’s Sesame Credit pressure-free service provider, UnionPay QuickPass national service provider, and Alipay’s reputation System equipment suppliers, mobile QQ payment service providers, JD professional operation and maintenance national service providers and other channel cooperation service providers. At the same time, the company system is connected to UnionPay QR code payment, Ping An Bank, Minsheng Bank, China CITIC Bank, and Shanghai Pudong Development Bank. Banks and third-party companies such as China Merchants Bank, Lakala, Newland Star Easy Pay, Herongtong have accumulated more than 80 various offline mobile payment channels. The first main scenario solutions include: smart catering, smart supermarkets, smart hospitals, smart schools, smart parking lots and other scenarios.