Shinhan Card biometric facial recognition retail payment service now live

Korean credit card company Shinhan Card has introduced Shinhan Face Pay, which The Korea Times reports is the country’s first biometric facial recognition payment service. An infrastructure for facial payments has already been set up at Hanyang University’s Seoul campus, where it includes 16 venues, such as restaurants and convenience stores. To use the system, users first have to register their facial details and card information at a bank. “The facial recognition payment is the final destination of the payment innovation,” said Ryoo Tae-hyun, head of the firm’s digital first division. “We will continue enhancing convenience and security of the service, and turn it into the standard of future payments.”