Every day more Chinese use their smartphones to pay, the big challenge is how protect users against fraud, piracy, identity red and other threats. Alipay, the service China's largest electronic payments and a subsidiary of e-commerce giant Alibaba Group Holding, proposes a new security.
Alipay wants to focus on technologies that use biometric features, such as fingerprints or faces, to identify users. «Biometric identification it will be very important in the future", He said Cao Kai, a senior director of the Alibaba subsidiary that owns Alipay.
Users often use multiple names and passwords to identify themselves on online services today, Cao said. At some point, it is expected that the true identity of the person and the virtual identity become one, Anadio.
One of the technologies that Alipay pursues is the facial recognition, In collaboration with Megvii, a Beijing-based startup that specializes in this technology. Megvii is working with Alipay to find a way to incorporate their identification methods in the Wallet app by Alipay.
The advantage of facial recognition is that does not require any special hardware, all it requires is a camera, which most smartphones have. The challenge in this type of recognition is the accuracy. Traditionally, most facial identification methods have only achieved about 70 percent accuracy, but Megvii claims that has reached 91 percent with its new technology.
Alipay has also partnered with the Chinese telecommunications equipment manufacturer Huawei Technologies to work on biometric security technology for mobile payments. The Ascend mate 7 from Huawei, introduced last month, already comes with a fingerprint reader and the technology that allows users make mobile payments through Alipay Wallet, swiping your fingers instead of entering long passwords.
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