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Payface buys SmileGo to extend reach of face biometrics payments in Brazil
Oct. 19, 2023, 5:48 p.m. | Joel R. McConvey
Biometric Update www.biometricupdate.com
Brazilian startup Payface, which focuses on payment systems using face biometrics, has closed a deal to purchase SmileGo, a rival facial recognition firm specializing in onboarding and payment cards, says a report in Exame.
The move is intended to expand the availability of payments using facial recognition at Brazil’s major retailers. In 2022, Payface partnered with Mastercard on its Biometric Checkout Program to offer “pay by smile” facial recognition payment authentication at five São Paulo supermarkets.
SmileGo, formerly …
acquisitions availability biometric payments biometrics biometrics news brazil deal face biometrics facial facial recognition onboarding payment payment cards payments payment systems recognition report startup systems trade notes
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