UnionPay introduces facial recognition-based payment system

UnionPay unveiled its vision for the future of payments at last week’s Singapore FinTech Festival 2017. UnionPay FacePay enables users to pay for purchases using face recognition technology. Users can link their facial identity to their payment accounts, and make hands-free payments by taking a photo of their face using the FacePay-enabled system. The technology is being tested in partnership with LinkFace, and aims to soon be rolled out in Asia. According to a company statement, UnionPay FacePay can achieve

UnionPay promoting AndroidPay mobile payment service with possible launch in Q3 2015

China-based credit and debit card issuer China UnionPay recently began promoting its mobile payment service AndroidPay for Android-based smartphone developers in advance of its potential launch in the third quarter of 2015, according to a report by Want China Times. Though similar to Apple’s ApplePay service, which uses fingerprint recognition in concert with Near Field Communication payment methods, AndroidPay differs in that UnionPay can select more partners to develop the security recognition modules. As a result, UnionPay could potentially have