Monday, 12 October 2020 08:44

Alipay Revises its Face Scan Payment Policy

In a push to increase the usage rate of facial payment devices and incentivize merchants to encourage clients to pay with facial recognition, on September 28th, Alipay updated its IoT cooperation rules and subsidy policy. Alipay is currently subsidizing up to 1600 and 2000 yuan on its facial payment devices depending on the type of device. Meanwhile Alipay will also double the subsidies it offers merchants for face scan payments. In related news, WeChat Pay also announced that it had optimized its algorithm to enhance its face scan payment experience.

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