Samsung set for mobile selfie payments

The new Samsung Galaxy S8 handset, which is due to be unveiled next month, will boast facial recognition technology for mobile payments verification, according to a report from Bloomberg.

The publication states that the latest phone will blend fingerprint, iris and facial recognition to verify users accessing payment services including Samsung Pay. The iris detection can be used when there is not enough light to recognise facial features. The Korean firm is also currently working with banks to help incorporate the technology into their own mobile apps.

Previous Galaxy devices have used facial detection for unlocking the device, but none have used the technology for payment applications until now.

Last year, Mastercard launched a similar ‘selfie pay’ service in Europe through a new mobile app, which uses facial recognition to verify a cardholder’s identity. The payments giant stated that they would be rolling out the new technology globally in phases throughout 2017.

    Share Story:

Recent Stories


Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?

Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.