KazakhstanCategory
Operational ExcellenceKeyword
Cybersecurity & Authentication, Biometrics, Payments
Innovation presentation
Halyk Face Pay was created to fulfill several objectives for clients:
- Easy to use - no need to carry purses or mobile gadgets for contactless payment - Minimizing the risks of third party payments - Reduction of payment time - No need to remember logins, passwords or pins
Halyk Bank is committed to the efficient and secure digitization of all banking processes step by step. Face Pay has become one of the steps to achieve this goal, building on international experience and the growth of biometric payments worldwide. Thus, the global biometric technology market grew from $19.5 billion in 2020 to $49 billion in 2023.
After connecting all metro stations in May, the number of customers who connected Face Pay in the Halyk app increased by 70%, and the number of passages through Face Pay turnstiles increased by 4.5 times compared to April.
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