By 2025, customers of any bank will be able to pay for their purchases using biometric data, Sberbank said. This service is currently being developed by Sber and the National System of Payment Cards (NSCP) in parallel. NSPK is asking the bank to join its system. Details are provided by RBC.
Author:
https://rb.ru/author/ntihonov/
Subscribe to RB.RU on Telegram
By 2025, all Russian banks will be able to receive a single, specific solution for payment using facial biometrics. At the moment, such payment is only possible for Sber customers. But now work is underway on a service that will allow customers of other Russian banks to receive the same service.
“In parallel, the NSPK is preparing to do the same and store a database of card packages with biometric data. This is a phase that we will go through together. As a result, by 2025 we will have a single-purpose solution for all banks,” says Oleg Evseev, head of the Biometrics division at Sberbank.
Sberbank is now developing biometric payments in its acquiring network. 750,000 payment devices that read biometric data have already been installed; by the end of 2024 there will be about a million such terminals. By the end of the year, the bank planned to launch interbank bioacquiring: clients of other credit institutions will be able to pay using biometrics at Sber terminals.
In fact, the popularity of such a solution will depend not only on the convenience for users, but also on the acquisition rates and the level of interbank commissions, Alexey Chagovets, a partner in the financial consulting department at DRT, told the publication. He believes that the ability to control fees is the main motivation for market participants to create alternative payment systems.
In Russian transport, face-to-face payment was launched at the end of August and started operating in the Kazan metro. To enter, you need to take a selfie in the “Biometrics of Government Services” application. This is the first stage of introducing biometric acquisition, to which different banks can be connected.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
