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March 11, 2021updated 07 Nov 2021 11:40am

Russian retailer X5 introduces ‘pay with a glance’ technology

Russia-based food retailer X5 Retail Group has introduced a facial recognition payment system at self-service checkout terminals in some of its stores.

Russia-based food retailer X5 Retail Group has introduced a facial recognition payment system at self-service checkout terminals in some of its stores.

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The retailer has partnered with Visa and state-owned banking company Sber to introduce ‘pay with a glance’ biometrics.

Customers using the Sberbank Online mobile app can select the Pay with a Glance option in the Cards or Profile sections of the app and specify the card to be used for payment.

After scanning their goods at a compatible checkout, they can select the option to Pay with a Glance, take off their mask and look into the camera.

The payment technology is currently available on 350 devices and has the technical capacity to be scaled up across more than 6,000 devices across the X5 Retail Group network.

X5 Retail Group plans to introduce the technology at Pyaterochka stores in April, with the aim of installing it at around 3,000 stores in Russia by the end of the year.

The retailer will decide whether or not to roll out the service based on results of the first pilot phase and customer feedback.

X5 Retail Group CEO Igor Shekhterman said: “The launch of the project in one of Russia’s largest retail chains demonstrates that our ambition to develop innovative payment methods is shared by our partners, who are as eager to introduce them as we are.

“You don’t need cash, bank cards or smartphones to use the service – all you need to do is show your face and the payment will be posted. This is a fast, convenient and secure technology of the future, and we are among the first to be introducing it in Russia and worldwide.

“I’m convinced that contactless biometric payment solutions will be used universally very soon, and this payment method will become as customary as paying with a bank card or smartphone.”

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.