Romanian-based facial recognition transaction system PayByFace is now expanding their services to the South Africa, United Arab of Emirates, India, and the United States.
Mihai Draghici, the company’s CEO, made the announcement on LinkedIn, and then later spoke to Biometric Update in an exclusive statement.
As a pioneer EU fintech start-up committed to enabling global movement towards a cashless and cardless society, using face as a highly secured virtual card, we have to go outside the EU to understand the global shoppers.
As PayByFace, we must not only be present in these markets but lead the process with best practices and learn so as to better scale this unique solution worldwide.
We offer four instant cross-check security touchpoints for validating a payment, much above the traditional means of payments we are used to; while its GDPR-compliant, the ultra-scalable on-demand decentralized architecture allows authentication in less than 1 second.
Enhancing our understanding of how to engage core adopters across global markets will facilitate biometrics acceptance at scale.
Draghici said via email to Biometric Update
As the name indicates, the PayByFace service allows users to “make secure purchases with a selfie, without the need cash, card or phone.”
Biometric Update additionally noted, ‘The PayByFace expansion comes months after the company was named as a participant in Mastercard’s Biometric Checkout Program, which followed a strategic investment from Indian fintech SafexPay in June. More recently, the company sponsored a music event that took place In South Africa in September called “PayByFace Africa MixFest,” to celebrate the launch of the company’s solutions in the country.’
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AUTHOR COMMENTARY
[16] And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.Revelation 13:16-18
Once again, we see the underpinnings for the mark of the beast system forming, slowly but surely. We still have more to come on the horizon, but we are getting there.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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