An IT company Intelligent Social Systems (ISS), which created Mosgorpass, Moscow city transport app, has won a bid to develop payment service based on biometric data with facial recognition.
The amount of investment for implementation is estimated at around $4.4 million (329 million rubles). The product release is expected to fully launch within an eight-month period, by April 2022.
A passenger will be able to upload their photo to Mosgorpass for face capture and then link the biometric data to their bank account in order to pay their passage, purchase description says.
As Moscow Traffic Control Center (MTCC) clarified, the biometric data will be stored in a protected circuit with no access to it, while banks will store payment data.
Earlier in August, the Department of Transport announced launching a pilot version of facial recognition payment system.
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