Will consumers and businesses be willing to adopt it and how will their privacy be secured? The technology for facial pay already exists. That said, developing a transaction method and encouraging individuals and businesses to use it are entirely different challenges. The tech uses mobile payments that verify transactions using an individual’s own face. The idea behind using facial pay technology is that a person would be able to walk into a store, pick up the desired items, then look into a camera at the checkout area to confirm identification.…
Read MoreTag: wechat mobile payments
Mobile payments may be coming to WeChat
The next version of the service is rumored to include smartphone transactions and paid publishing. It is already known for certain that the popular social messaging app, WeChat, from Tencent, will soon include a social gaming platform, but the latest rumor is that mobile payments will also be included in the mix. This is one of the three major features that Guan Peng is predicting for the application. Peng, an industry analyst, has said that the next WeChat app update, the v5.0 for Android and iPhone, will support three considerable…
Read More