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Facial Recognition Revolution Russia Launches System

Russia to Launch Unified Facial Payment System by 2025

  • Russia plans to implement a unified facial payment system by the second half of 2025.
  • The initiative aims to onboard millions of users as non-card payment systems gain popularity.
  • Sber and NSPK, operator of the Mir card payment system, will collaborate on this project.
  • The collaboration focuses on establishing standards and achieving interoperability.

By the second half of 2025, Russia intends to have a unified facial payment system in place, with Sber and NSPK working together to set standards and ensure interoperability for millions of potential users.

Source (2.6)https://news.bitcoin.com/russia-to-launch-unified-facial-payment-system/?rand=52384
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