Pay by hand once like scientific fiction but Amazon’s Palm Contact Service been used More than 8 million timesAccording to the company. However, Amazon, although, which explains why it has been renered in the Amazon Shop and over 500 market store in the US, but only 150 third-party market stores.
Meanwhile, the rilt station like Latvia Hand weapons They are walking to the field, direct the third-party retailers with the same solution but independent to check faster when using the giant role to the west. (China has begun to apply for biometric palm palm palm, with labor Bring the Service Weixin to be the use of ideas.)
Like Apple’s face ID, using static pictures more than static pictures: This analyzes the palm vein patterns and also verify that the user has been physically when the Password passes. This method is used for payment without contacts and also applies to larger identity scenarios – with players like the condemnation also supports Access a secure building and other applicationsSee rankings-.
Different, the hand is focused on the store – and because it does not have a store like Amazon, must find a partner, which is required. Three years, and now with software and current software, startup startup is preparing the market pilot that will attach the Palm Scanning device in retail stores.
Traders who attach the start technology will pay the transaction costs that make the hand will be applied or lower than the standard pay. According to hand handle, faster and lower can reduce costs. But not like some costs, this solution is intended to make customers – by promise no card, no verification and loyalty programs.
Hand-handounder, Janis stirna and the map osmanis-Usmanis, before work for one of the global global payment payment providers in the world, worldline. Despite the relationship, the team is intended to build a wide ecosystem. “Our plan is collaborating with financial institution or earned bank,” Stirna tells Techcrunch.
Startup only fairly a handful of financial institution so far, “but that is too big, especially in Europe,” Sirtrna said. This summer is initially entered an agreement with a visa that can speed up the solution of the hand solution in other countries, according to head officials, Oskars lacsevics.
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When the hand weapon has an eye on the US market as well, Laksevics believe that it can be an advantage to start in the European Union – “and displays the compliance before growing.
Become a European player freely can help start, or when Amazon decides to offer more aggressive offers Amazon for third parties; or if JP Morgan rolled The Palm Palm Payment Experiment more.
Startup can count on other arguments, including the price. After the financial partner tells the device to be able to compete the price, the start of growing hardware and the algorithm is lower than others, says stirna.
So based on rips also enable presents to operate with restricted capital. Startup tells the tech process R & D is blown through bootstrapping, an angel investment $ 780,000, and $ 267,000 in non-equity funding. This amount comes from funds funded CybendeceCur GrantAlso support from Latvia Lia incuber business and the EU accelerator paid Ready2ScaleSee rankings-.
As a salary for the first pilot and earn $ 4.2 million led by VC $ 4.2 million led by VC Firming VC and Inovo.vc, VC Polish company also worked in Baltics.
Baltic countries have established themselves as a FTCH HUB, but also have an easier science talent for beginners with the hands of the Silicon – including Engineer AI. “The Baltics, not many companies that can get extreme technical challenges to decide,” say stirna.
As for Laksevik, who is previously fulfilled senior marketing role at the Baltic Bank Bank Luminor, where stirna has also worked, she told techcrroch if he was drawn by the vision. “I work a very good company company to participate in this, and I really believe that we build next Global payment platform,” he said.
Handsome hands are ready to put the best hand – but only the time you will know what the market will be held and if palmometric payments will be held.