Korean credit card company Lotte Card recently launched 'Hand Pay' as a biometric payment service in the world that allows shoppers to pay for their purchases simply by scanning the palm of their hand at the checkout counter.
The system works by reading an individual's unique vein patterns, meaning that a consumer will need neither their smartphone or credit card to complete a transaction at terminals where this technology is offered. Aside from offering greater convenience, the system also prioritizes security; even if a hacker does manage to steal private data, it is said to be dispersed in a way that will have no value.
Currently, Lotte Card's Hand Pay system may be used at 7-Eleven Signature, an unstaffed location inside the Lotte World Tower in Seoul, Korea.
Palm Print Payments
More Stats +/-
Smart Waterpark Wristbands
Wallet-Replacing Smart Cards
Rewarding Mobile Payment Apps
App-Connected Debit Cards
VR Travel-Booking Services
Free 2018 Report & eBook
Get the top 100 trends happening right NOW -- plus a FREE copy of our award-winning book.
Our Research Methodology
This article is one of 350,000 experiments. We use crowd filtering, big data and AI to identify insights.