1, face payment is based on artificial intelligence, machine vision, 3D sensing, big data and other technologies to achieve a new payment method, with more convenient, more secure, good experience and other advantages.
2, July 2013 Finnish startup Uniqul launched the first ever payment platform based on facial recognition system, unique payment system.
Beginning in 2014, Baidu, Chongqing Research Institute of the Chinese Academy of Sciences, Ant Gold Service, Alipay, WeChat Pay and others took the lead in opening up the technological research and development and commercialization exploration of face payment.
In 2017, with the successive launch of face recognition functions by smartphone manufacturers, face swipe payment began to be used in China on a large scale, penetrating into retail superstores, restaurants and other major scenes of life, and the industry showed rapid growth.
In November 2019, data released by AiMedia Consulting showed that China's face payment users are expected to exceed 760 million in 2022.
In 2020, in order to standardize the application innovation of face recognition offline payment (hereinafter referred to as face payment) and prevent the security risks of face payment, China Payment and Clearing Association organized and formulated the "Self-discipline Convention of the Face Recognition Offline Payment Industry (Trial)"
3. The data showed that the scale of China's mobile payment users in 2018 amounted to 659 million, and the market size had reached 277.4 trillion yuan; the scale of mobile payment users will exceed 733 million people in 2019, and is expected to increase to 790 million people in 2020, and is still growing at a high rate.
The development and popularization of face swipe payment has an important value for enhancing the user's mobile payment experience, improving the business efficiency of merchants, and driving the intelligent development of the economy and society. Industry experts believe that the rapid rise of face swipe payment not only changes people's lives, but also drives the takeoff of the related mobile payment industry chain. In particular, the accelerated application of 5G, AI, IoT and other cutting-edge black technology landing, China's face swipe payment industry is accelerating the rise.
4, "Face Recognition Offline Payment Industry Self-discipline Convention (Trial)" requires that member units should establish a security management mechanism for the full life cycle of face information. In the collection process, we must adhere to the "user authorization, minimum sufficient", clearly inform the user of the purpose, mode and scope of use of information, and obtain user authorization, to avoid the collection of features unrelated to the needs. In the storage segment, the original facial information will be encrypted and stored, and securely segregated from users' personal privacy such as bank account number or payment account number and ID card number. In the use segment, acquirers, merchants and other intermediate links shall not aggregate or intercept the original facial information to achieve end-to-end personal privacy protection.