How Russia’s Facial Recognition Payment System Is Transforming Digital Payments
Published:
2025-01-24 00:06:11
Russia's facial recognition payment system is a significant step towards modernizing digital payments. Major banks, including Sber, have partnered with NSPK to deploy this technology. The system was first introduced in Moscow's Metro in 2024 and will expand to nearly every region with around two million payment terminals. This development is poised to influence the landscape of digital transactions and potentially alter the dynamics of cryptocurrency use in Russia.
|Square
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