China is using Facial recognition to do transactions from banking,stores, transportation services, tracking down criminals and access to facilities.
Chinese startup company FACE++ worth $1 Billion is providing many applications. One such app called Alipay is being used to transfer money using only face as credentials. One of Face++’s biggest clients is Ant Financial, the financial subsidiary of Alibaba and developer of online payment platform Alipay.
Ant Financial is currently seeking regulatory approval that would allow it to use Face++’s software to confirm the identities of prospective customers who are looking to start an online bank account. Employees simply show their face to gain entry to the company’s headquarters.
Another Chinese company Baidu which operates most popular search engine, Now developing a system that lets people pick up rail tickets by showing their face.
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