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        SZ leads in cashless transactions with palm payment system

        Writer: Syam Melethil Sethumadhavan  |  Editor: Liu Minxia  |  From:   |  Updated: 2024-03-04

        Shenzhen, renowned for its rapid technological advancements, continues to astonish the world with its latest innovation – the palm payment system. As the birthplace of numerous tech giants and a pioneer in adopting cutting-edge technologies, the city is once again at the forefront of revolutionizing how people make payments.

        A palm payment machine developed by Tencent.

        Since its transformation into a global tech hub, Shenzhen has consistently been a trailblazer in innovation. From pioneering the shift to fully electric public transportation in 2016, to being one of the first cities to roll out 5G coverage, Shenzhen has continually showcased its commitment to embracing the future. Now, with the introduction of the palm payment system, Shenzhen is spearheading a new era of cashless transactions.

        Palm payment being done by an expat in Shenzhen.

        The palm payment system, introduced by WeChat, has rapidly gained popularity among Shenzhen residents and visitors alike. This groundbreaking payment method allows users to make transactions using just their hand, eliminating the need for traditional payment methods such as debit or credit cards. 

        As a proud Shenzhener and a foreigner residing in this vibrant city, I have personally experienced the convenience and efficiency of this revolutionary system. "The payment using palm payment will be completed as soon as we have our palms scanned," many Shenzhen University (SZU) students were impressed by the palmprint recognition machine. "It's more convenient than mobile payment. We no longer need to feel panic when forgetting to bring our campus cards to the canteen."

        Machines can recognize users’ palms within an average of 0.3 seconds, paving for a smoother transaction. The contactless system is also more hygienic than fingerprint payments, and the debut of SZU’s Campus Palmprint payment system is part of the Smart Campus Implementation initiatives.

        This innovative system, developed by WeChat Pay, marks a significant step toward creating a seamless and efficient campus experience for students and staff alike. For many, including myself, the palm payment system represents more than just a technological advancement; it symbolizes Shenzhen's unwavering commitment to innovation and progress. 

        As a SZUer, where the palm payment system was first launched, I am filled with pride to see my alma mater at the forefront of technological innovation. With tech giants like Tencent, Huawei, and DJI calling Shenzhen home, the city continues to attract top talent and investment, further cementing its reputation as a global innovation hub. 

        As we embrace the palm payment system, Shenzhen reaffirms its position as a trailblazer in the world of technology and sets a new standard for cashless transactions. In a world where the pace of technological advancement shows no signs of slowing down, Shenzhen remains at the forefront, driving innovation and shaping the future of commerce. As the palm payment system gains traction and welcomes foreigners into its fold, one thing is clear -- the future of payments is in the palm of our hands.

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