The rapid development of information technology represented by the Internet has led to new changes in social production and created a new space for human life. E-commerce has also risen rapidly by virtue of the development of the Internet. In order to adapt to the market trend of e-commerce, "electronic payment" came into being. In recent years, the explosion of the mobile Internet has accelerated the shift from "cash payment" to "electronic (mobile) payment", allowing us to live a cashless life. With the advancement of sensor technology, the security authentication method of "electronic (mobile) payment" has developed from "password" and "fingerprint" to "face". Among them, 3D face recognition is favored by financial payment-related manufacturers and consumers due to its advantages of being safer, easier to use, and contactless. At present, China has become the fastest growing country in the global 3D face payment technology and market, no matter from the base of the demand group, the accuracy of the algorithm, and the policy guarantee!
Face recognition in the financial field is mainly divided into identity verification and scene-scale applications. Identity verification, also called 1:1 face swiping, is mainly used for Internet finance, remote bank account opening, remote identity authentication, and remote payment; scene-scale applications, also called 1:N face swiping, appear in people`s face swiping payment, Daily life scenes such as face-brushing and withdrawal. According to data from the Foresight Industry Research Institute, the market size of face recognition in the financial payment field in China will reach 1.468 billion yuan in 2022. Beginning in 2020, face payment has entered a three-year golden age.
As early as 2014, Alipay began to study face payment. In 2019, Alipay launched "Dragonfly" for the first time, and WeChat Pay launched "Frog" in the same year. With the two Internet giants as the leader, it sounded the clarion call for face recognition in the financial payment war. UnionPay, Meituan, JD, Didi, etc. are also competing to join the game, and the entire industry is extremely lively.
To ensure the financial security of face payment, 3D camera is the decisive hardware. Recall that in 2015, Jack Ma demonstrated Alipay's face payment technology at the Consumer Electronics, Information and Communication Expo in Hannover, Germany. After two and a half years of hard work, Alipay's face payment has achieved real commercial use. Behind this, in addition to the Alibaba technical team's repeated checks on the security of the face payment in algorithms and software and the overcoming of technical problems one by one, the most important thing is the assistance of the 3D camera that receives the identification information.
Zoolied is a professional optical component manufacturer. Many of our products like lenses, windows, and mirrors can be applied to 3D cameras, and zoolied's polishing and coating technology has a solid foundation in the market.
