Alibaba, the Chinese ecommerce giant with more money than it knows what to do with, is planning to introduce a facial recognition option called Smile to Pay that would let shoppers pay for purchases on their smartphones by scanning their faces. Apple, for example, thinks the trick to popularizing mobile payments is the ease and security of fingerprint scanning. Alibaba raised $25 billion in its public offering in September, making it the largest IPO in history.
The demonstration comes at a time when large tech companies like Apple, Samsung and Google are all making a big push to crack mobile payments. Apple, for example, thinks the trick to popularizing mobile payments is the ease and security of fingerprint scanning. Apparently Alibaba has other ideas. We just hope they’ve thought through ways one might trick the scanner with a picture or representation of someone’s face. Alibaba wants you to pay for things on your smartphone by scanning your face