Weixin Palm Payment: A new method of payment with hands to ease transactions in everyday life in China. Subways for commuters: an office entry with a quick palm scan for employees.
Tencent– the tech giant in China which was founded in 1998. Keeping up with innovation integrates things into their daily lives, indeed, with this technology. Its towers above entertainment and gaming, fintech, and social spheres enhance this capability to bring very advanced tech innovations to a very wide consumer base. Here is what the Weixin Palm Payment is like.
It involves slogans such as “Weixin’s Palm Scan Payments Is Like Waving at a Friend,” which means holding up your hand to a sensor. An infrared camera scans the unique palm print and vein pattern to authenticate the transaction before it happens in mere seconds.
While highly touted, the distance between wallets or phones with such technologies has led to spine-tingling fears of security and loss of privacy. As pointed out by Edward Santow, an industry professor at the University of Technology Sydney on responsible technology, people are expected to be ultra-conservative in the adoption of technologies that would lead toward a “surveillance state”.
He added:
They don’t want [that] whenever they’re making a payment for something, for that then to show up on some official register, and then to be asked questions, or worse, about it. When your personal information is hoovered up at a huge scale, that creates a kind of honeypot for cybercriminals. And if that information is obtained illegally, it can then be sold on the black market and it can cause you enormous problems