Alipay’s leading WeChat Pay is an absolute advantage that depends on e-commerce. Relying on its advantage of 1 billion users, WeChat Pay is contending with Alipay. In recent years, the rapid development of mobile payment has led to changes in payment technology. Payment methods such as nfc payment, QR code payment, and fingerprint payment are active in our daily lives.
With the maturity of facial recognition technology and the increasing demand for convenient and safe payment, facial payment has gradually entered the public eye. As a typical case of artificial intelligence in the financial field, payment giants have long sensed the huge business opportunities of face-swiping payment. On September 1, 2017, Alipay launched its first face-swiping payment device for commercial use at Kpro restaurant in Hangzhou. Subsequently, CP Lotus and Hongqi Chain have joined the face payment.
The WeChat payment team stated that in 2019, we will combine WeChat’s ecological product capabilities to make face payments in various scenarios such as retail, catering, clothing, cosmetics, medical care, and hotel attractions. Faced with Alipay’s preemptive and preemptive deployment, WeChat Pay It also shows its attitude not to be outdone. Paying by face is a win-win situation for both merchants and consumers. 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
Facial payment has gradually become a new important growth point in the mobile payment industry. Brushing your face not only changes people's lives, but also brings many conveniences to businesses. Paying with facial recognition greatly saves consumers' time costs. For example, at the checkout counter, it takes 56 seconds for 10 product users to complete the payment, while it takes only 10 seconds to complete the payment by swiping their faces.
For consumers, the better situation is the emergence of artificial intelligence to pay by face. Even if the mobile phone has no electricity or without a mobile phone or wallet, the payment can be completed, and you can travel around the country with one face. For businessmen, face brushing is also good news. For example, it can effectively alleviate the phenomenon of queuing for settlement during peak hours, improve payment efficiency, and greatly save labor costs.
There is a trillion-scale market hidden behind the face payment. In terms of facial brushing technology, face recognition technology can increase productivity. Face-swiping payment can not only reduce costs and improve efficiency, but also bring new interactive experiences and applications. With the deep integration of 5G and artificial intelligence, in 2019, the era of facial payment will accelerate to enter. Statistics show that the future face recognition market will maintain a growth rate of about 20%. Therefore, it is only a matter of time before the full-scale outbreak of facial payment.