February 23, 2017 -
Japanese firm Liquid Inc. has launched a payment service using fingerprint authentication in Indonesia.
According to a report in the Bangkok Post, the joint venture with Indonesian
conglomerate Salim Group is aiming for several hundred thousand users, with plans to offer the payment service to the Salim Group’s workforce of around 500,000.
“We are looking forward to developing the next generation payment and business platform in Indonesia, which will contribute to changing people’s lifestyle and have a big business impact in Indonesia,” said Yasuhiro Kuda, CEO of Liquid.
Users of the service need to register their fingerprints and deposit money in advance. Payments take less than three seconds using the system’s fingerprint readers which, according to Liquid, have an error rate of one in a trillion.
The company will begin registering users’ fingerprints this month and install fingerprint readers at stores run by Salim later this year.
Liquid has been providing fingerprint payment services in Japan since 2015.