FinTech Magazine - July 2022 | Page 13

Biometric ‘ Wave-to-Pay ’ Raises Privacy Concerns

Brazil

Mastercard has taken a major leap in biometric verification by launching its new pilot programme , Wave-to-Pay , in five St Marche supermarkets in Brazil . The scheme has , however , raised concerns among privacy experts who say the technology could be detrimental to individuals ' rights should the data be compromised or commandeered .
In 2021 , China ’ s Supreme People ’ s Court stated that businesses cannot use facial recognition to identify their customers without consent , while buildings must offer an alternative form of access control for those who would prefer not to use their faces for biometric identity verification .
The decision was a response to the growing public backlash towards the widespread use of facial recognition biometric technologies in surveillanceheavy China . fintechmagazine . com 13