Highlights

  • Mastercard launched program for retailers to offer biometric payment methods
  • Mastercard plans to roll it out globally later this year

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Biometric payments are here! Mastercard will soon let you pay with your face

Users can authenticate a payment by showing their face or the palm of their hand instead of swiping their card.

Get ready to replace your credit card with your face! Mastercard has rolled out a pilot program which brings biometric payments to retail outlets.

Mastercard's Biometric Checkout Program would let a shopper scan their face using a retailer’s smartphone app and assign their likeness to a bank card stored on file.

Also read/watch | Paytm Mall: 99.5% valuation decline as key investors Alibaba, Ant Group exit

So how does it work, you will need to sign up on Mastercard, you take a picture of your face or scan your fingerprint to register it with an app. This is done either on your smartphone or at a payment terminal. You can then add a credit card, which gets linked to your biometric data.

In the long run, Mastercard’s vision is to make the tech “globally interoperable” Ajay Bhalla, Mastercard’s President of Cyber and Business Intelligence said. “So once you’ve stored your credentials, you could use this anywhere.”

Also read/watch | Bots or Bills, what is really giving Musk second thoughts about Twitter

The program has already gone live in Sao Paulo, Brazil and Mastercard says it plans to roll it out globally later this year.

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