RegionsChinaAlibaba to Employ Facial Recognition Tech for Online Payments

Alibaba to Employ Facial Recognition Tech for Online Payments

Electronic commerce giant Alibaba Group and affiliated online payment service Alipay plan to introduce facial recognition technology to replace passwords.

Alibaba, which is China’s largest e-commerce player, says that the facial recognition feature is still under development. However, its chairman Jack Ma was able to demonstrate the new feature when he made a presentation at the Cebit trade fair in Hanover, Germany.

Using Alipay, Ma bought a souvenir stamp from Alibaba’s e-commerce site in China and to confirm the purchase he scanned his face using the front camera on his smartphone.

“Online payment to buy things is always a big headache,” said Ma. “You forget your password, you worry about your security. Today we show you a new technology.”

The facial recognition feature, although still in a beta state, is called ‘Smile to Pay’, according to a social media post by Ant Financial Services Group, an Alibaba-affiliated company which runs Alipay. The feature was developed in partnership with a Beijing company Megvii, which provides a cloud-based facial recognition service.

Related Articles

China after the national congress – the outlook for the RMB

Capital Markets China after the national congress – the outlook for the RMB

7m Richard Hartung
China’s ‘unsustainable’ debt crisis is an investor's gold mine

China China’s ‘unsustainable’ debt crisis is an investor's gold mine

9m Victoria Beckett
Financial regulators crack down on individual misconduct

China Financial regulators crack down on individual misconduct

10m Graham Buck
China’s sovereign credit rating downgraded by Moody’s

China China’s sovereign credit rating downgraded by Moody’s

12m Graham Buck
De-risking and the decline in correspondent banking

Asia Pacific De-risking and the decline in correspondent banking

1y Henry Balani
London keeps top ranking for offshore RMB FX transactions

Banking London keeps top ranking for offshore RMB FX transactions

1y Graham Buck
IMF upbeat on global financial stability

China IMF upbeat on global financial stability

1y Graham Buck
Drought stress testing tool launched for banks

Banking Drought stress testing tool launched for banks

1y Graham Buck