QNB Group, one of the largest financial institutions in the Middle East and Africa, has launched a new biometric payment acceptance solution for merchants in Qatar. The technology is based on proprietary facial verification technology developed by PopID and supported by Visa through tokenization. This innovative solution allows customers to authenticate payments for goods and services through facial verification, without the need for a physical card or mobile phone after initial enrolment. Customers can create their profile by taking a selfie of their face using their smartphone, enter their phone number and card details.
The technology then tokenizes the card number and securely links it to the facial biometric template. The setup only takes a minute or two, and payments can be made in just a few seconds. The solution will be available at merchants with outlets in Qatar, and the in-store sign-up will be offered using a QR capability. This development highlights the driving force behind facial biometric technology and the wide range of opportunities it is opening up for the future of payment solutions.
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“As the payment landscape evolves, QNB is always at the forefront of this evolution, and constantly willing to be an early adopter of innovative technologies that drive frictionless and enhanced payment experience – putting our customers and merchants experience at the centre of everything we do,” said Adel Al-Malki, Senior Executive Vice President – Group Retail Banking.
Commenting on the partnership, John Miller, CEO of PopID and its parent company, Cali Group stated that, “We are excited to work with Visa and QNB to bring this loyalty and payment platform to businesses and consumers in Qatar.”
