China's digital payments have advanced to another level. Shoppers do not need to carry any cards or even their smartphones to make payments at merchant outlets. With face payment technology, they simply need to nod in front of the point-of-sales machines that are equipped with cameras and make their payments.

However, according to researchers interviewed by Agence France-Presse, this technology, which has been widely adopted by the Chinese government, could be misused by the state for their surveillance purposes to monitor and control citizens by tracking their social information.
Despite the data privacy concerns, the technology is being widely adopted by consumers in China. Alipay, the financial arm of the e-commerce company Alibaba, has equipped the technology in devices across 100 cities.
Alipay sees enormous growth potential in the sector and will be spending 3 billion yuan ($420 million) over three years to implement the face payment technology. It recently upgraded its "Smile-to-Pay" system to use a machine that is almost the size of an iPad. Tencent, the makers of WeChat app also launched their facial payment machine last month. More players are looking into tapping the growing industry in China.
Those in favour of the technology say that facial payments reduce time spent standing in queues at a cash counter in the supermarkets and is safer than cards as it does hold the risk of stealing the PIN entered on POS machines.
More From GoodReturns

Indane, HP & Bharat Gas Cylinder Booking Rules: OTP Mandatory After LPG Refilling Gap Increased to 25-45 Days

Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold

1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call

Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook

Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?

Gold Rates In India Crash By Rs 29,400 On March 21 After Spot Gold Hits Weakest Week; 24K, 22K, 18K Gold Price

ATM Rules Changing From April 1, 2026: HDFC Bank, PNB, Bandhan Bank & Others Revise Cash Withdrawal Rules

Huge Crash in Gold Rate in India By Rs 1.43 Lakh in Just 7 Days; Will Gold Price Today Fall Further on 23 Mar?

Sleeper Vande Bharat Express New Routes Identified for Long Distance Travel

1:5 Split Soon: BUY Vedanta Stock Ahead Of 3rd Interim Dividend Announcement On March 23? Target Above Rs 800

Fatal Crash In Gold Rates In India By Rs 1,03,200/100 Gm; Biggest Single-Day Fall In 24K, 22K, 18K Gold Prices



Click it and Unblock the Notifications