The development of payment in 2019 is closely related to the activity of the retail industry. Accompanying the mobile payment boom in recent years is the rise of e-commerce, food delivery, O2O, and the sharing economy. And as Internet giants move from online to offline one after another, they have begun a round of new retail layout, and the new round of rise is likely to come from offline consumption scenarios.
With the rise of offline consumption scenes, it is difficult for cash and bank cards to return to our sight. Mobile payment can continue to dominate offline consumption scenes. The change in business allows us to see a new opportunity for face-to-face payment is rising, and it will surely take on the burden of offline consumption scenarios. Face-swiping payment, smart medical care, smart campus, smart bank, catering, supermarket, hotel, non-sense parking lot, various scene solutions, software customization development, and payment equipment wholesale.
On March 15, 2017, Alibaba founder Jack Ma delivered a keynote speech at the opening ceremony as an invited entrepreneur representative. He also demonstrated the new Alipay technology for face payment for German Chancellor Merkel, shocking the world. On September 1, 2017, Alipay launched online payment by swiping face at KFC restaurants. You can pay by swiping your face without using a mobile phone. This is also the first commercial pilot of face payment in the world. On August 15, 2018, at the Ant Financial Open Day Guangzhou Station, Alipay announced that after accumulation of experience and technological upgrades, the ability to commercialize facial payment has been achieved.
At the same time, WeChat Pay, another giant in the payment industry, is also intensively deploying face payment. On August 21, 2018, at the 4th China Smart City International Expo in 2018, Shenzhen Metro, Tencent and Guangdian Express jointly announced the Metro fare collection system solution with biometrics + credit payment for identification, non-inductive payment and other functions.
Compared with brushing your face, the QR code is destined to be eliminated. For example, after swiping the subway, after the account is bound for the first time, as long as you pass by, you can recognize it without stopping. The whole process only takes 0.33 seconds. No need to bring a mobile phone, no need to scan the QR code, you can travel all over the world with one face. In addition, for middle-aged and elderly people who are not proficient in using smartphones, it is not too convenient to pay by using their faces. The face-scan payment uses the latest 3D face recognition, combined with hardware and software double detection, which is safer than the QR code that will be altered or covered by people.
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.