![]() ![]() Its palm-scanning or cashier-less checkout technology has since been adopted by more than 200 establishments both within and outside the company. ![]() In 2020, Amazon launched a biometric payment system using palm recognition. And to be in on the action, you need a domestic bank account and phone number. The service is currently only available to residents in mainland China who have fulfilled the mandatory real name verification process, a requirement for using WeChat Pay. WeChat Pay and Alipay dominate more than 90 per cent of the mobile payments market in China. Initial steps from Alibaba could include introducing Tencent’s WeChat Pay to Alibaba’s e-commerce marketplaces, Taobao and Tmall, while Tencent could make it easier to share. The service uses non-contact recognition of both surface-level palm prints and hand veins, ensuring a secure and convenient experience for users, according to Tencent.ĭata encryption technology is used to protect user information, the Beijing Municipal Commission of Transport said. Once recognised, the ring turns green and the gate opens. Passengers can find the turnstiles marked with a ring logo and place their palms over the scanner. The registration is a one-time process and does not require renewal. They will also have to complete the authorisation process on WeChat. To enrol, passengers need to register their palm prints on designated machines at metro stations, Tencent said in a statement on Monday. WeChat is a leading lifestyle ‘super app’ used for messaging between people, as well as connecting people, services and businesses in China and around the world through a number of e-commerce and social features inside the app. The political reason was that the fintech giants had moved in on the territory of incumbent financial institutions though those incumbents undoubtedly benefited from their relationships with Ant. The scanner detects their palm print, triggering an automatic payment directly from their WeChat account. In most cases, WeChat seems to offer a small discount, often below 10 RMB (1.37), for customers to try out the new feature, submit their palm-print data, and use it to pay at the cashier. WeChat, owned by Tencent, is China’s leading mobile app with over 1 billion monthly active users. Users who enrol in the palm-recognition service can pay for rides on the Daxing Airport Express Line by hovering their hands over a scanner at designated metro station turnstiles. Tencent is likely to address where users can use WeChat Pay in Malaysia when it officially announces it, with rumours of a 11 June official launch date being mentioned. With a scan of their palm, metro passengers travelling between downtown Beijing and Daxing International Airport can now bypass the hassle of using their phones or cards to pay for their trip.Ĭhinese tech giant Tencent launched the palm-recognition payment feature on Sunday (May 21) via its platform Weixin Pay, known internationally as WeChat Pay. What is WeChat Pay WeChat Pay is a payment feature integrated into the WeChat app, users can complete payment quickly with smartphones. ![]()
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