Palm Payment: Who can use the Chinese giant Tencent technology?
In recent news, Tencent's brand new palm payment technology is now available to the general public. This means that the ability to tap-on & tap-off while using Beijing's subway network is available for passengers who link their accounts to the prevalent WeChat Pay platform in China. The rest can be taken care of by utilizing the individual's recorded biometric information.
~Who can use palm payment?
Residents of mainland China who have finished verifying their identities can use this service. It's planned to arrive at workplaces, colleges, malls, and restaurants without delay.
Citizens in China have been paying with their faces (facial recognition) for a long time now hence this type of payment system isn't novel. Certainly, this is a novel approach to utilizing biometric information in order to access your hard earned money.
You'll find some truly irresistible benefits included in this service. However, the modern era has revolutionized payment methods so much that in case your mobile battery dies on transport back home or elsewhere you can still make payments via hand signals. But the real question Is, will exchanging your biometric information worthwhile?
~Talking point
This is the question i ended up asking myself after going through the whole cause of palm payment is it worth it? I know it’s a beautiful innovation and will make life even more easier but would there be any risks in partaking and if there would be risks what could they be.?
Thanks for stopping by and hopefully i’ll get some answers to my question from you family.