Alibaba Unveils New Payment System that Asks Consumers to Just Nod Their Heads
Ellie Froilan | | Oct 13, 2016 02:41 AM EDT |
(Photo : Getty Images) VR Pay is expected to launch commercially in China by the end of 2016.
Alibaba has unveiled its new payment system that will let shoppers in VR malls to pay for goods in the future by just nodding their heads.
Ant Financial is the one developing the new payment system VR Pay. It comes after Alibaba’s attempt to use mobile payment using facial recognition technology, which is called “pay with a selfie.” This is also part of the company's move to maximize the capability of the latest technology in online shopping.
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Alibaba’s VR Pay will allow shoppers to verify their identity on their logged in accounts on connected devices or voice-recognition technology.
For authenticating their accounts, shoppers may verify their passwords by just nodding the head, or simply doing some head movements, or staring at a point on the virtual display for over one and a half seconds, or by just a touch, according to Digital Trends.
“It is very boring to have to take off your goggles for payment," said Lin Feng, who is in charge of Ant Financial’s F Lab that developed the payment system. "With this, you will never need to take out your phone.”
According to Lin, VR Pay is the most convenient method in a VR setting compared with other biometric recognition technologies. However, this is not Alibaba’s first innovative payment method. The Chinese e-commerce giant introduced “pay with a selfie” in 2015.
Other companies are also working to develop pioneering payment method and take advantage of the latest online shoppings trends. Amazon is currently in the works of creating a selfie payment system and offers voice recognition payments through its Amazon Echo device.
Ant Financial introduced VR Pay, which was introduced in Shenzen, is expected to launch commercially in China by the end of 2016, CNet reported.
TagsAlibaba, VR Payment, VR Pay, VR Shoppers, Pay by nodding, Virtual Reality, pay with a selfie, Ant Financial
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