The Central Bank of the UAE has introduced the region’s first-of-its-kind biometric payment solution leveraging facial and palm recognition technologies.
Currently in its pilot phase, the initiative is being demonstrated at the Dubai Land Department, an entity under the Dubai Government, allowing customers to make payments seamlessly by authenticating their identity through facial or palm biometrics, eliminating the need for physical cards or mobile devices. This cutting-edge solution is enabled by Network International and powered by PopID.
Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at CBUAE and Vice Chairman of the Board of Directors of the EIF, said, “The Central Bank of the UAE reaffirms its commitment to driving innovation and supporting the nation’s digital transformation. The introduction of biometric payment solutions represents a strategic step to delivering more secure and seamless payment experiences, setting new benchmarks for trust and convenience in financial transactions, while aligning with the UAE’s vision of building a world-leading, innovation-driven digital economy.”