We all can agree how making payment in Nigeria is becoming much more easier, My Identity Pay has announced the launch of its new biometrics product focused on helping individuals and businesses building innovative products to transact easier and safer with biometric infrastructure.
With My Identity Pay, individuals will be able to make payments easily with either the face or fingerprint whenever they visit stores or on an e-commerce site.
About My Identity Pay
My Identity Pay is a biometrics technology company, on a mission to make payments as easy as possible by circumventing existing challenges plaguing payments such as failed OTPs authentication and internet challenges.
My Identity Pay products include Facial Recognition, Liveness Check, Quick API Integration and more. Businesses across Africa can power their payment or data verification process using the My Identity Pay’s Biometric Infrastructure.
“Over the last few years, we have deliberately invested in R&D to develop the needed algorithms to achieve these feats,” said the Founder, Identity Pay, Lanre Ogungbe.
They has over $2 billion in daily online transactions according to GSMA, mobile/internet transactions still face common challenges such as unavailability of tokens, OTP, or hardware failure.
The startup has been on private testing since February 2020 and acquired over 120 testers to assess the new payment system using different devices and in multiple scenarios.
In addition, the startup has embedded other security features such as anti-spoofing algorithms, liveliness checkers and many more.
They are positioned as an infrastructure provider for other businesses willing to add this type of payment to their existing options. Using the APIs are super easy. It can be accessed on Identity Pay’s developers’ page.