Facepay, the company behind the technology
The product FacePay India helps integrate your payment POS systems into facial recognition wherein customer can pay through facial recognition and a PIN (personal identification number). Any POS system can be integrated into facial recognition mode of payment.
Ranging from a no infrastructure cost system of mobile app to a minimalistic infrastructure way of integrating camera into POS can be achieved.
Services
What’s In for Banks / Payment houses
Any Payment house / banks which are depending upon merchant beneficiary model for example credit cards / debit cards , wallets can use “Face Pay India” facial identification application / APIs to integrate into their system.
Payment houses can use the face detection API’s , libraries to be integrated into their system. “FacePay India” will help the payment houses with the integration and implementation part.
Payment houses like Banks, debit / credit cards , wallets can benefit on
- Simplifying card usage complexity, OTP complexity
- Card theft, card number frauds, OTP frauds
- Faster payment method without card related issues like scratches in magnetic strip, scratches or broken chip, wrong or bad entry of card number or CVV number
- Push banking and digital shopping to deep roots in rural India by avoiding complexity of cards , card numbers, mobile OTPs , etc
What’s In for Customer
Customer can continue to use their regular payment houses like banks , mobile wallets, etc. But, they can go shopping without any cards in their wallet or without any hassle of OTPs.
Customer can benefit from
- Shopping without carrying any card , mobile wallet OTPs
- Simple checkout in any shop online or offline.
- Rural India can be the most beneficial sector , as all they have to remember is one PIN, no need of cards / mobile phones, etc.
What’s In for Merchants
Merchants can continue with existing credit / debit cards , wallets vendors or payment houses. They will have the advantage of using their mobile or their POS billing machine to be integrated into “FacePay India” application.
Merchants can be benefit on
- Easy and Fast Checkout.
- No hassle of card swipe issue, card chip issues.
- No Additional hardware.
- No change in the existing process.