Thanks to innovative shop formats like increasingly popular unstaffed convenience stores, innovative new systems are being developed to streamline the payment process and identify shoppers—including Shinhan Face Pay from Korea’s Shinhan Card. This facial recognition payment system is being developed with CU convenience stores operator BGF Retail and is designed to simplify the act of paying for various goods.
Currently, Shinhan Face Pay is being trialed at CU’s company headquarters, where employees are able to register their credit card information and supply a photo of their face to be verified by the kiosks. With this information and their image loaded, employees are able to make purchases without needing a physical card or a mobile device.
After this trial period, Shinhan Card is planning to implement the system at universities and CU convenience stores.