Handwave lends a hand to retailers with its European alternative to Amazon’s palm payments
Paying with a handwave once sounded like science fiction, but contactless palm recognition service Amazon One has already been used more than 8 million times, according to the company. That’s Amazon, though, which explains why it has been deployed in Amazon stores and more than 500 Whole Foods Market stores in the U.S., but only 150 third-party locations. Meanwhile, fintech startups like Latvia’s Handwave are stepping onto the field, aiming to provide third-party retailers with a similar but independent solution for faster checkout while leveraging the giant’s role in popularizing biometric payments in the West. (China has already begun adopting biometric palm payments, with Tencent working to bring its Weixin Palm Pay service into mainstream use.) Like Apple’s Face…
