Is it appropriate to do Alipay face payment now?Is it too late to enter the market now?

When the time comes to 2019, the country vigorously advocates the development of artificial intelligence, and at the intersection of artificial intelligence and mobile payment, there is a project - this project isAlipayPay by face.

Its popularity has been increasing since it became possible to use face-swiping to pay.

First, Alipay launched a face brushing device and used it for commercial purposes.

WeChat paymentIt also went with the flow and injected a lot of capital to occupy the market.

Compared with traditional payment methods, the biggest feature of face-scanning payment is that it frees hands and replaces QR codes with human faces.

This payment method has benefited from the development of biometrics, enabling consumers to acquire faces across the globe.

From now on, there will be no payment failure scenarios due to lack of cell phone, cell phone and no signal.

In addition to freeing hands, face payment also has the following more important functions.

XNUMX. Security: No payment medium, transaction voucher records are automatically destroyed

Currently, many consumers remain skeptical about the safety of in-person payments.They believe that once the machine recognizes the facial information, it is easy to cause information leakage, but this is not the case.

Taking Alipay Dragonfly as an example, it only collects facial features collected by machine scanning, converts multiple encryption and desensitization into one-way serial codes, and finally completes the authentication.

This one-way number string cannot be converted into an adult face, and the number string will automatically expire after a few minutes of the transaction, so it is almost impossible to risk information leakage.

1.5. Speed: face payment is equal to XNUMX cashiers

Compared with traditional cash registers, the face recognition technology adopted by Dragonfly F4 can quickly complete payment transactions, shortening the payment time of each consumer by about 50%, and solving the problem of long queues for consumers in Wangpu.Another cashier can manage three denomination payment devices at the same time, which greatly reduces the labor cost of the merchant.

XNUMX. Light member: credit card is a member, a new form of store marketing

All stores want to have more membership customers, and the membership feature of face-scanning devices completely eliminates that need.

It helps merchants grab a customer's short time at the cashier, turning a single payment into a multi-dimensional payment.

Digitization (enablement of payment as a member) has increased member conversion rates by more than 6x.

After helping merchants complete the connection with users through members, the Alipay applet can also be used to complete identification, vouchers, logout, etc., to provide merchants with various operation methods.

To sum up, face-swiping payment is currently at the intersection of artificial intelligence and mobile payment, and the market profit behind it will be no less than 1000 billion.In addition, the current face-scanning entry also has WeChat payment and Alipay subsidy rewards.

The two giants will definitely get the money to grab the market

At this time, in addition to consumers, it is an agent to open up the market. Because the Alipay and Alipay face payment payment market is huge, it is the right time to enter the market, it is never too late!