Sunday 19th September 2021

  • IT Conslting, Digital Transformation with IT Services
    • China’s first facial recognition payment-based shopping street opens in Wenzhou China's-first-facial-recognition-payment-based-shopping-street-opens-in-Wenzhou

      An iconic shopping street in Wenzhou, a city in eastern China’s Zhejiang Province, has become the first in the country to extensively apply facial recognition technology in making payments. The municipal government of Wenzhou, known as the cradle for domestic private entrepreneurship, has joined with Ant Financial, operator of China’s biggest online payment platform Alipay, and e-commerce giant Alibaba through an agreement signed in May 2015 to jointly develop “a smart business area.” Wuma (Five-horse) Street was given priority in expanding “paying with your face.” Some 20 stores along the street have been equipped with the Alipay system called...