Revolut Launches Facial Recognition Payment System in the UK
Digital bank Revolut has introduced "Pay with Smile," a facial recognition checkout system, in the UK. The feature, which runs on Revolut Register terminals, allows customers to authenticate payments by scanning their faces. The system uses end-to-end encryption, and merchants do not store personal data. Revolut is charging zero processing fees for these transactions to support independent merchants. A pilot program is currently running at three Kiss the Hippo coffee shops in London, with plans to expand to all 12 locations later this year.
Summaries are written by AI from the original article. Not investment advice.