PAY WITH FACE: Shoppers can authorise CBDC payments from a SunCash mobIle wallet with their face
Consumers in the Bahamas can now authorise in-store payments using the country’s Sand Dollar central bank digital currency (CBDC) from a SunCash mobile wallet with their face.
Once they have registered for the service by linking their SunCash account to the PopPay face verification platform, users can complete transactions at the point of sale with merchants supporting SunCash payments “even if the consumer does not have a functioning smartphone or an internet connection […] as is the case for thousands of Bahamians”, the mobile wallet provider says.
“A face pay option is an important feature for any country with the goal of increasing financial inclusion with the adoption of a CBDC, as those that are unbanked, under-banked, or without smartphones or reliable internet tend to be the most vulnerable parts of society,” biometric technology provider PopID adds.
The Central Bank of The Bahamas launched the Sand Dollar digital currency in October 2020 and enabled consumers to load their CBDC digital wallet directly from their bank account in May 2021.
SunCash lets consumers in the Bahamas make CBDC payments with their face was written by Tom Phillips and published by NFCW.