Alipay has launched a new version of its Dragonfly facial recognition-powered POS system, and plans to spend almost USD 450 million to promote its use in China, according to biometricupdate.com.
In comparison to the original, the Dragonfly 2 is smaller and lighter, making it portable. The device measures two inches less, its thickness has been reduced by a third and its weight by half, and it can be folded to make it the size of a book. Moreover, it has a precise next-generation 3D camera system with a wider capture area. It works in various lighting conditions so merchants do not have to change store lighting.
The new version retails for CNY1,999 ($298.00), which is nearly 30 percent less than the original, and Alipay is offering a range of discounts during the pre-sale period that could reduce the price to as little as CNY1,199 ($179). Part of the promotional budget is dedicated to merchant incentives based on transaction volumes can be worth up to CNY1,200, which Alipay says could make the device effectively free.
The Ant Financial subsidiary’s device has been deployed to more than 300 cities across China, including at Hong Kong International Airport duty free stores. Further, Alipay suggests that the large-scale commercialisation of its facial recognition service has driven the employment of 500,000 people in the industry for research and development, production, installation, and commissioning since 2018.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
