China is breathing down India’s neck in terms of digital payments. Xi Jingping’s country came up with a special online payment method. No need to click like UPI in India. Bazimat only when moving a particular part of the body. The bill is paid.
India has become a major player in the digital payments sector. Since 2020, citizens have been making payments easily by phone. UPI, is now the most popular payment method in the country. In 2023, India will cross 100 billion in UPI transactions. It has also made modern living much easier. Due to this, there is no need to carry more cash all the time. Chances of theft are also very low. It is now very easy to make payments from 10 taka to 1 lakh taka in just a few clicks.
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At such a time, this new payment method of China has also made noise. In January 2024 itself, a technology company from Shenzhen launched this palm scanning service in China. With this service, you can do almost anything with just a wave of your hand. You can even leave your house keys, wallet at home. Because, opening doors, exchanging money, everything is possible if you have the right palm.
This payment system is strange
This payment system is called Wickskin Palm Payment. This system uses only hands for transactions. It is currently limited to China only. With this system, users can also leave smartphones and transit cards at home when traveling by subway in Beijing. Instead of using these items, simply hover your hand over the sensor. Infrared cameras scan the user’s palm prints, recognizing unique vein patterns beneath the skin. It then allows quick money-to-money transactions in just a few seconds
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This system works like facial recognition software. But it is considered more perfect. This successful payment system was brought to market by the company that owns WeChat. Needless to say, this popular app has changed the way of life of Chinese people. From social networking to ordering groceries to making digital payments, the WeChat app lets you do it all in one place.
However, this is not the first time. China’s palm payment system has attracted people’s attention. In April 2024, RPG Group Chairman Harsh Goenka also shared a video on X about this payment method. wrote, ‘Technology continues to make our lives easier.’ Netizens also agree.