As technology continues to advance, the traditional payment systems of the past are all but disappearing, and one intriguing example of the advancement of this technology is Shenzhen's new facial recognition system that automatically charges patrons for their transit payment.
The new system scans an individual's face and automatically deducts the toll from the person's registered account. The software can even recognize if the person is over the age of 60, in which case their passage is free. This futuristic technology was designed by tech-giant Tencent and hopes to expand to be able to recognize other citizens who are eligible to receive free transit passage such as military veterans.
More cities are recognizing the benefits of using facial recognition software to increase efficiency in various sectors including airports and stores.
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Facial Recognition Transit Payments
Shenzhen's Transit System Uses Face Scans for Metro Payment
Trend Themes
1. Facial Recognition Payments - The advancement of facial recognition technology is revolutionizing the way payments are made.
2. Automated Transit Systems - The implementation of automated payment systems in transit is streamlining the process for commuters.
3. Expansion of Facial Recognition - The use of facial recognition software is expanding to more industries and sectors for enhanced efficiency.
Industry Implications
1. Transportation - The transportation industry can benefit from integrating facial recognition technology for seamless payment experiences.
2. Financial Technology - The financial technology industry has an opportunity to develop enhanced payment systems using facial recognition technology.
3. Retail - Retailers can explore facial recognition technology as a means of simplifying and securing payment transactions.