Shinhan Card reveals facial recognition payment service

Tuesday 14 April 2020 12:19 CET | News

Korea-based credit card company Shinhan Card has introduced Shinhan Face Pay, the country’s first biometric facial recognition payment service.

An infrastructure for facial payments has already been set up at Hanyang University’s Seoul campus, where it includes 16 venues, such as restaurants and convenience stores. To use the system, clients have to register their facial details and card information at a bank.

A pilot started in August 2019 to first test the product before making it widely available. Future plans include expanding the infrastructure across the country and adding more retail companies to their partner portfolio.

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Keywords: Shinhan Card, biometrics, facial recognition, retail, payment, credit card, facial payments, Korea, banks
Categories: Fraud & Financial Crime
Countries: Korea, Republic of
This article is part of category

Fraud & Financial Crime