Handwave lends a hand to retailers with its European alternative to Amazons palm payments
News Source : TechCrunch
News Summary
- Latvian startup is preparing for market pilots that will deploy its palm-scanning devices at retail stores.
- Merchants who deploy the startup’s tech would pay a transaction fee that Handwave claims will be on par with or lower than standard payments.
- As it gears up for its first pilots and obtaining regulatory certifications, Handwave has now secured a $4.2 million seed funding round led by Vilnius-based VC firm Practica Capital, with participation from FirstPick and Outlast Fund.
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. Thats Amazon, [+4585 chars]
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