Tag "artificial intelligence"
Tencent’s WeChat Pushes for Mainstream Adoption of Facial Recognition Payment
China has been quick to embrace facial recognition, a technology that’s already being used for making payments at numerous shops, supermarkets and restaurants. The latest development in the field comes from China’s Internet giant Tencent, which showcased last month, at
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QR Codes Are Out, Soon You’ll Only Need to Show Your Face to Pay in China
While Sweden is trialling inserting microchips into its citizens as a new way to pay, China is opting for a less invasive method — your face. In Shenzhen, a local subway operator is testing several advanced technologies powered by the
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China E-Commerce Industry Enters “New Retail” Era
The Chinese retail industry is entering a “new retail” era, characterized by the widespread use of technologies such as artificial intelligence (AI) and big data to digitalize the entire value chain, according to PwC. China is the world’s biggest consumer
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Hong Kong Fintech Week 2017 Highlights
This year’s Hong Kong Fintech Week was all about cutting-edge technologies, enabling greater collaboration, and strengthening Hong Kong’s position on the global fintech scene. One of this year’s key topics was blockchain and cryptocurrencies. Participants and experts were unanimous on
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UBS: Asia Has The Potential To Become A Leader In AI
By 2030, artificial intelligence will be “as commonplace in society as Internet-ready devices are today,” according to UBS. In the field, Asia has the potential to become a global leader, the Swiss banking giant claims. In the region, AI could
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