Face-swiping payment is a product of face recognition technology. Because of face-recognition technology, face-swiping payment can be smoothly entered offline and put into use. With the continuous progress and maturity of science and technology in recent years, face recognition technology has been further improved, and the improvement of technology has led to the development of the facial payment industry. People’s demand for facial payment has continued to increase, and the application scenarios of facial payment have also been improved. growing.
Relying on facial recognition technology as the basis for facial recognition payment has gradually become a popular industry and demanded by the market. Under the blue ocean of the tens of billions market, the fiery nature of facial recognition payment has stimulated the rise of facial recognition companies. At present, face recognition technology has appeared on a large scale in scenes such as office buildings in railway station districts, and due to its non-contact characteristics, it has gained greater popularity during the epidemic this year. 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
With the development of artificial intelligence and the needs of national economic development and security and defense, my country's face recognition market continues to expand, the technical level continues to improve, and it has achieved a world leading position in algorithms. With the construction of smart cities and the development of smart homes, face recognition and facial payment will have a broader space for development.
In recent years, the state has vigorously supported new infrastructure construction, and 5G, artificial intelligence and other technologies have accelerated the implementation of technologies to promote the construction of smart cities. As an important part of this, payment by face has been rapidly developed. Face-swiping rides, face-swiping payments, face-swiping unlocks, and face-swiping entering campuses. With the advancement of technology, face-swiping payments often appear in consumption and identity authentication scenarios.
Face-swiping payment can improve the accuracy of recognition and reduce the difficulty of verification, which has great market potential. The epidemic has accelerated the development of facial payment, but the epidemic is only a catalyst for the development of facial payment. Even if there is no epidemic, the development of facial payment will become inevitable. The main business includes aggregate payment SaaS platform services, mobile payment cash register hardware product development and sales, and merchant membership marketing services.
The broad market prospects of facial payment are favored by capital. In 2019, the industry investment exceeded 6.5 billion yuan. It is not surprising that, under the layout of Internet giants and huge capital investment, facial payment will definitely use more that we did not expect. Ways appear in our lives, inject vitality into more and more industries, and bring infinite convenience to our lives.