Palm Payment System: Islamic Finance Perspective

Abstract

Cashless payments have become an increasingly popular trend in recent years. Cashless payment methods can include the use of credit/debit cards, mobile banking apps, digital wallets, payments via smartphones, or even biometric technologies such as fingerprint scanners or facial recognition. Palm Payment System incorporates fingerprint biometrics in the palm of the hand to facilitate payments, making it safer and more reliable as long as we have a balance, internet network and hands. Descriptive qualitative research methods are research approaches used to describe certain phenomena or events by understanding and describing in depth the characteristics, context, and complexity of the phenomenon. The use of Palm Payment System is in accordance with Islamic finance principles that uphold transparency, honesty, and fairness in business. However, it needs to be improved in supporting infrastructure, the level of community adoption and adaptation. Security and privacy should not be leaked. Accessibility for people with physical disabilities who cannot use palm payment. Minimize technical obstacles due to environmental factors such as extreme temperatures or poor light because it can affect authentication. The latter is affordable in implementation