SINGAPORE -- Mastercard and the Japanese technology group NEC are planning to launch a store checkout system using facial recognition, starting with trials next year in potential markets like Singapore, Indonesia and elsewhere in Asia.
Both see Asia as the first destination for the new payment method, ahead of the U.S. and European markets. Executives cited the region's eagerness to adopt new technology -- more than 80% of Mastercard's transactions there are contactless, including tapping credit cards and using smartphones.
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