The Impact of Face Recognition Payment in the Economic

Abstract

With the continuous development of the Internet industry, offline physical retail companies have undergone a huge technological revolution. Retail companies have broken service boundaries through evolving "new tools", better realized the collaboration of social resources, and built a huge and a humanized retail service network, and mobile payment plays a vital role in it. The rapid development of mobile payment has allowed us to gradually get rid of the dependence on cash. Even if we don't have enough cash, we can use mobile payment to complete the consumption. The innovation in the payment field includes mobile phone QR code payment, physical stores, supermarkets, pharmacies, and buses. Realizing QR code payment, just when the pattern of QR code payment is basically determined, a new payment method-face payment has appeared in our lives. Face payment can guarantee the security of the account and increase the payment efficiency, faster and more convenient.