Astra Tech Launches Palm Pay, a Contactless Payment Technology Using Palm Recognition
Astra Tech, a leading consumer technology holding group in the MENA region, today announced the launch of Palm Pay.
Which is a contactless payment technology that utilizes palm recognition for secure and convenient transactions.
The technology was unveiled during the Dubai FinTech Summit, hosted by Astra Tech’s CBUAE-licensed fintech subsidiary PayBy.
Palm Pay is the first-of-its-kind in the UAE and the wider region, covered by a patent held by PayBy.
How To Use Palm Pay ?
In case you are PayBy-registered merchant in the UAE, you can make payments at over 50,000.
This is simply by hovering your palm over a device equipped with an automated palm reader.
Mentioning that Palm Pay offers several advantages over traditional payment methods:
- Enhanced security: Palm recognition is significantly more secure than facial recognition, reducing the risk of fraud and unauthorized transactions.
- Contactless convenience: Customers can make payments without touching any surfaces, minimizing the spread of germs.
- Ease of use: Palm Pay is simple to set up and use, making it accessible to people of all backgrounds.
The launch of Palm Pay aligns with Astra Tech’s commitment to driving digital transformation and promoting financial inclusion.
Because the company believes that Palm Pay has the potential to revolutionize the way people make payments in the UAE and beyond.
About Astra Tech
Astra Tech is a leading consumer technology holding group in the MENA region.
Moreover, it owns a portfolio of companies that span the mobile, e-commerce, and fintech sectors.
The company is committed to developing innovative solutions that address the needs of consumers and businesses in the region.
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About PayBy
PayBy is a CBUAE-licensed fintech subsidiary of Astra Tech.
The company provides a range of payment solutions for businesses and individuals.
Including mobile payments, online payments, and point-of-sale solutions.
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