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Tencent, Visa launch palm recognition for e-payments in SG

Tencent partnered with Visa to launch palm recognition for digital payments.

The initiative, announced at this year’s Singapore Fintech Festival, will launch in Singapore with a pilot program for Visa cardholders from DBS, OCBC, and UOB.

The pilot allows users to make payments at Alchemist café in Singapore by scanning their palms.

Tencent explains its system detects palm and vein patterns in various lighting conditions.

Recent Tencent developments

Timeline
05-Nov-2024 🤖 Tencent, Bosch deepen partnership for smarter EV tech
  • Tencent renews partnership with Bosch
  • Focus on AI in cloud computing and smart driving
30-Oct-2024 💰 Tencent-backed Airwallex targets $6b valuation
  • Airwallex seeks $200M funding by year-end
  • Aims for $6B valuation amid early-stage talks
16-Oct-2024 💰 Tencent invests $30m in HK early cancer detection firm
  • Tencent invests $30M in cancer detection firm Insighta
  • Insighta’s value rises to $200M; Prenetics’ stake drops
27-Sep-2024 📉 Tencent sells stake in Indian app due to investment rules
  • Tencent sells stake in Dream11 to comply with India’s rules
  • Tiga Investment acquires Tencent’s shares for $150M
17-Sep-2024 🤑 Tencent’s Pony Ma now China’s richest
  • Pony Ma is now China’s richest with $44 billion.
  • Regulatory easing revives tech sector growth prospects.

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