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Home»Fintech»Moscow extends use of face payments for public transport
Fintech

Moscow extends use of face payments for public transport

July 27, 2022Updated:July 27, 2022No Comments5 Mins Read
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Moscow will lengthen the Face Pay biometric fare fee system to extra modes of transport within the metropolis, declared the Deputy Mayor of Moscow for Transport Maksim Liksutov in his column. As an example, in September the service will probably be obtainable in any respect stations of the Moscow Central Circle (MCC).

 Maksim Liksutov outlined that the survey among the many Face Pay customers reveal excessive satisfaction charges: 88% of them recognize some great benefits of the expertise and like this technique to different fee strategies. Customers cited the next key advantages of the system: no want to hold a financial institution card (44%), innovativeness (42%), time saving – no want to face in line to ticket workplaces or merchandising machines (38%), pace (37%). The disadvantages cited by customers embody a small variety of turnstiles that settle for the Face Pay. Based on Maksim Liksutov, their quantity will improve by 200.

The vast majority of stations have 1-2 turnstiles, geared up with the Face Pay fare fee system, some stations have already elevated their quantity on the request of customers. For instance, there are six turnstiles at Prospekt Mira station (Line 6) and 5 at Komsomolskaya station (the Circle Line). In complete, 76 further Face Pay turnstiles have already been put in. We see that this isn’t sufficient. Nevertheless, after the improve of turnstiles within the underground, not less than 200 extra will be capable of settle for biometric fee. If needed, we’ll additional improve the variety of such turnstiles, – Maksim Liksutov, the Deputy Mayor of Moscow for Transport.

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Furthermore, the expertise will unfold to extra modes of transport: in September, all stations of the MCC will settle for the Face Pay; the service may even turn into obtainable at common river transport this yr. The expertise is at present being examined on the floor transport and it’s deliberate to launch the Face Pay on Aeroexpress (railway connection between metropolis airports and railway terminals).

Maksim Liksutov famous that Moscow research the chance to hyperlink the Face Pay to social playing cards, together with for college students and schoolchildren. One other concern at present into consideration is promoting season passes with biometric fee choice to company shoppers: some corporations buy 30/90/365-day passes for his or her workers and would subsequently profit from the Face Pay entry, slightly than want to purchase, distribute and provides out tickets each time.

At current, greater than 170 000 customers are registered within the Face Pay system. Greater than 26 million journeys have been made with biometrics for the reason that service has been launched.

Utilizing the Face Pay is totally voluntary. It’s a further manner of paying fare. It is usually probably the most technologically superior and up-to-date. Biometric fee is a dependable and handy different to the Apple Pay and the Google Pay. To hurry up the operation of the turnstiles with the Face Pay, we’re enhancing the software program and have already upgraded the {hardware} – the turnstiles now open twice as quick, – stated Maksim Liksutov, the Deputy Mayor of Moscow for Transport.

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All the tools and software program used is licensed and authorized in full compliance with the legal guidelines of the Russian Federation. The Face Pay system has undergone the required certification and complies with the strictest Russian knowledge safety necessities. Distributors and different individuals within the biometric fee system have all the required certificates, from regulation enforcement to fee protocols.

We’re assured within the safety of the system. First, the storage of all of the fee knowledge of the Face Pay customers is dealt with completely by a Russian financial institution. The information is protected in response to the strict and usually accepted safety protocol of the worldwide fee card trade. For our half, we adjust to all authorized necessities. Secondly, the Face Pay is a Russian growth and the property of the Authorities of Moscow. Financial institution card transactions are processed by means of the NSPK nationwide fee system, to which the Russian buying financial institution VTB can be related.

Thirdly, all servers are positioned completely in Russia. All the complicated system is below the total management of the Authorities of Moscow; it can’t be disconnected from overseas.

Fourthly, biometrics is safer and extra dependable than paying fare with a financial institution card. For instance, nobody thinks concerning the dangers once they pay for companies and items utilizing their fingerprint. Facial recognition has lengthy been used to unlock smartphones, and a few main retailers are testing biometric fee. The Face Pay in transport has a bank-like stage of safety, and out of doors interference is dominated out. Bank cards will be stolen or misplaced. Time will cross earlier than a buyer blocks it, and your face can’t be ‘stolen’, so the Face Pay is safer and safer, – stated Maksim Liksutov, the Deputy Mayor of Moscow for Transport.

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The Face Pay is part of the award-winning ticketing system of Moscow that has been recognised each in Russia and internationally on quite a few events. For 2 years in a row, it has acquired the distinguished Transport Ticketing Award (2020, 2021). In October 2021, the Moscow Metro was the primary on the planet to introduce the facial recognition fee service at an enormous scale.

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