The combination of 5G and AI technology has created a brilliant spark, which will give birth to many new things. Smart cities, autonomous driving, and smart retail will all benefit from the dual-core drive of 5G+AI. Face payment is also the evolution of payment methods in such a big environment. With the development of 5G and AI technology, it will accelerate the payment field to enter the era of face payment. Relevant statistics show that the future growth rate of face payment will maintain Above 20%, it is only a matter of time before the outbreak of the facial payment industry.
The two major payment giants, Alipay and WeChat, have joined the face payment industry. They have launched face payment devices and invested tens of billions of funds to promote subsidies. It can be seen that the two giants attach great importance to face payment and want to quickly occupy the face payment industry. In the face-to-face market, deploy its own facial payment ecosystem. Many people in the industry said that by joining the facial payment industry earlier, more markets can be carved up, and only then can they win the first opportunity in this new round of payment method reforms.
The arrival of face payment is not just a change in payment methods. Behind face payment is a change in the entire payment service. Facial payment is obviously only an entrance and a tool, and more importantly, it is more important to reach merchants at a deeper level. The cash register is the first step, then the membership economy, and finally the full ecological activation. The core is to achieve two connections-including the connection of facial payment and all Ali economies, and the connection of facial payment and the service provider system. 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
Face-swiping payment can save labor costs for merchants. A face-swiping payment device can increase by 30%~50%. The efficiency is improved while avoiding queues and improving the consumer experience. It is more secure, because the face payment is no longer dependent on the mobile phone, and no password is required to avoid the problem of account password leakage. It’s more convenient. There is no need to worry about forgetting to bring your mobile phone, bad signal, out of power, inconvenience to hold things in your hand, etc. Paying by swiping face in places with high traffic such as subway stations can significantly improve traffic efficiency.
The mobile payment method has been changed many times. From cash to bank card, to credit card to mobile payment to the current face payment, every change of payment method brings huge business opportunities. The fundamental difference of face payment lies in the payment medium. One is to identify the identity through a password, and the other is to identify the identity through facial features. For scan code payment, the user enters the payment password to complete identity verification; for face scan payment, the user completes identity verification through face scanning, and then pays.
The company's product research and development center has more than 40 experienced research and development engineers who insist on independent research and development 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.