With the development of 5G and AI technology, face payment has become an increasingly popular payment method. According to a report by the China Payment and Settlement Association, face recognition has been widely used in mobile phone unlocking, identity verification, and payment since this year, and it has gradually become the mainstream. 85% of users are willing to use biometric technology such as facial payment for payment.
According to the general manager of Zhejiang Xinhua Bookstore Group Information Technology Co., Ltd., currently, the first batch of Alipay Dragonfly has been installed and used in nearly 40 Xinhua Bookstores in Zhejiang, and finally it has been connected nationwide. In the whole country, Xinhua Bookstore has more than 14,000 stores. 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
The compact Alipay Dragonfly face-swiping payment device is placed on the cashier counter. When customers pay the bill, they can complete the payment process in only two steps. First, tap the screen to start the face-swiping payment, then confirm the name and debit account number to complete the entire payment process immediately. When paying for the bill by swiping face for the first time, customers need to enter the mobile phone number bound to Alipay, and then they can directly swipe their face in a familiar and familiar environment, eliminating the need to enter the mobile phone number process. The role of face-swiping payment in improving cash register is very obvious, effectively alleviating the situation of long queues for paying bills in the past.
After the full roll out of face payment, Xinhua Bookstore's vision is how to provide personalized services for different consumers, especially to increase the application of digital technology. In addition to providing payment functions, Alipay's face-swiping payment device also has membership functions, which can help Xinhua Bookstore build a digital business position.
While paying with face recognition brings convenience to people's lives, it also improves security. Because the password can be hacked and modified, but the face, including fingerprints, cannot be modified, so it is relatively safer. In the field of convenience stores and supermarkets, the conversion rate of Alipay’s face payment membership is more than six times that of traditional QR code scanning. In the future, the face recognition market will maintain a growth rate of about 20%. The face-to-face payment will usher in explosive growth.
Henan Zhangyou Electronic Technology is now the official authorized national service provider of Tencent Tenpay WeChat Pay, the developer of the ISV system of Ant Financial Alipay, the service provider of sesame credit pressure-free business of Ant Financial, the national service provider of UnionPay QuickPass, and the reputation of Alipay 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, and Herongtong have accumulated more than 80 various offline mobile payment channels.