What is Tencent Palm Pay?
The new technology, which was first implemented in the WeChat chat application, allows users to transfer money by simply holding their palm over the scanning device while making payments. For this, it is enough for the user to match the WeChat account with the payment system and introduce the palm.
This system, called Palm Pay, first started tests in the Beijing subway. In addition to the transportation ticket, different entry methods such as membership card and gym card can be introduced to the palm scanning system.
Developed by Tencent’s YouTu AI team, the system scans the user’s unique palm and vein pattern into identity. Since the system has its own lighting, it can also work in dark environments.