Mastercard introduces tech that lets you pay with your face or hand
Mastercard has launched a new technology that makes it possible for customers to carry out transactions by using faces and hands as a form of verification.
The technology that provides retailers with a more innovative option to make payment using fingerprints and face recognition, was launched Tuesday, May 17.
The recent development is a technology innovation that enables users to validate payment easily by showing their faces or palm of their hand.
Officials of Mastercard, said the programme has already gone live in São Paulo, Brazil, and would soon expand globally to other parts of the world.
Mastercard President, Ajay Bhalla, in an interview with CNBC, said “All the research that we’ve done has told us that consumers love biometrics.
“They want making a payment at a store to be as convenient as opening their phone,” he added.
Mastercard was created by an alliance of several regional bankcard associations in response to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Troops rescue six kidnap victims in Benue
Troops rescued six abducted victims in the Gbise community in Katsina-Ala LGA.
States
Bank customers lament hardship as network failures disrupt transactions in Ibadan
A businessman said poor banking networks had affected trading activities and resulted in financial losses.
Lagos
Alimosho LG decentralises sanitation exercise across seven wards
The chairman reiterated that maintaining a clean environment required collective responsibility and sustained action.
Lagos
Yaba LCDA urges residents to sustain environmental sanitation
The chairman warned residents against indiscriminate dumping of refuse in drainages and open spaces.
Africa
AfDB, partners equip African public servants with free AI skills
The director said the training was self-paced.
Politics
Your administration has neglected us, Oyo APC support groups tell Tinubu
The coordinator said members have not been adequately engaged, recognised or integrated into the governance process till now.
