PayME and OCB: Revolutionizing cashless payments with facial recognition technology

PayME and OCB Bank officially launch Facepay – a groundbreaking payment solution using facial recognition technology. Facepay offers a fast and secure cashless payment method, revolutionizing the shopping experience. Discover the details of this solution, its unique features, and the outstanding benefits it brings to businesses and customers.

 

What is Facepay?

Facepay is an innovative payment solution based on facial recognition technology, utilizing biometric algorithms to verify user identity. Instead of using cash, credit, or debit cards, consumers can simply smile to complete a transaction. Facepay can be applied across various services, such as hotel check-ins, in-store payments, and more.

 

The Role of PayME and OCB

• PayME is a licensed payment intermediary that plays a crucial role in supporting businesses with payment collection from consumer transactions. Additionally, PayME provides e-wallet linking and 24/7 disbursement services, catering to diverse and rapid payment needs.
• OCB (Orient Commercial Bank) is a pioneer in Vietnam in implementing facial recognition payments through the Facepay solution. OCB enhances the modern and convenient payment experience, improving customer satisfaction.

 

How Facepay Works

1. Shopping Experience: At participating stores like GS25 or other Facepay-enabled merchants, customers can complete a payment simply by smiling.
2. Instant Verification & Fund Transfer: Facepay instantly verifies the user’s identity and transfers the payment to the PayME system.
3. Settlement & Business Payout: PayME automatically reconciles the transaction and transfers funds to OCB accounts, allowing businesses to receive payments instantly.

 

24/7 E-Wallet Linking & Disbursement Services

• E-Wallet Linking: PayME integrates with popular e-wallets such as MoMo, ZaloPay, and ShopeePay, enabling customers to make flexible payments from various financial sources.
• 24/7 Disbursement: Beyond payment collection, PayME also offers 24/7 disbursement services, ensuring fast and timely money transfers for businesses.

 

How Facepay Benefits Businesses

1. Access to Leading Payment Technology: Facepay enables businesses to quickly adopt high-tech payment solutions, enhancing competitiveness and modernizing services.
2. Lower Transaction Costs: This payment method eliminates high costs associated with equipment and transaction fees, helping businesses save money.
3. Instant Cash Flow: Businesses receive funds immediately after a transaction, improving liquidity.
4. Digitalized Customer Management: Facepay digitizes customer information security management and provides valuable insights into transaction frequency and shopping behavior.
5. Secure & Convenient Payment Experience: Customers enjoy a safe, error-free, and hassle-free payment experience.

 

Conclusion

With Facepay, payments have never been easier – just smile to complete a transaction. Combined with e-wallet linking and 24/7 disbursement services, PayME and OCB bring modern and reliable payment solutions to businesses and customers alike.

To learn more about Facepay or request consultation, contact PayME today!