A customer uses a facial recognition payment system at a KFC fast food restaurant in Hangzhou, Zhejiang province. Photo: AFP
China’s top fintech adviser sees ‘bright prospects’ for facial recognition payment systems
- This year is expected to see the first widespread adoption of facial recognition payments, with an estimated 118 million Chinese users embracing it
- Despite concerns over data privacy, the use of facial recognition for payments will expand rapidly in China, says fintech official
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Facial recognition
A customer uses a facial recognition payment system at a KFC fast food restaurant in Hangzhou, Zhejiang province. Photo: AFP
Chinese consumers are increasingly wary of commercial facial recognition systems. (Picture: Nicolas Asfouri/AFP)
Chinese tech companies seek to standardize facial recognition
Tech giants like Tencent, Xiaomi and Ant Financial join a new group led by SenseTime to standardize the facial recognition industry
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Alibaba
Chinese consumers are increasingly wary of commercial facial recognition systems. (Picture: Nicolas Asfouri/AFP)