VisionLabs and Thawani Technologies partner to launch facepay in Oman

By Leandra Monteiro

VisionLabs, an advanced Computer Vision technologies provider from the Netherlands, and Oman-based Thawani Technologies partner to bring facial payments to Oman.

The first FacePay terminals, which allow to complete a transaction through facial recognition or a more commonly used credit card, will soon appear in the Sultanate of Oman.

The technology will be demonstrated at a conceptual coffee spot and a gift shop, which will enable users to pay for coffee drinks and presents using Thawani Wallet by using facial recognition instead of paying by credit card.

The advanced FacePay technology, which represents a duo of a face recognition terminal and AI-based backend software, has proven to have > 99% accuracy and can identify the person even with a partially occluded/covered face. Besides payment processing, KYC, fraud protection, access control and forensic solutions will be demonstrated.

“Modern facial payment technologies ensure a high level of safety and data protection. Multiple pilots for face payments happen now around the world, familiarising people with this innovative payment method and building trust in it. At VisionLabs we are honoured to partner with Thawani Technologies for this project that surely will benefit people of Oman,” said Anton Nazarkin, Global Business Development Director of VisionLabs.

By implementing FacePay Oman will make a next big step in its sovereign payment system development. In 2022 the Omani Ministry of Commerce, Industry and Investment made the cash-free payments option mandatory in the country. Now, within a year, the Sultanate is looking at implementing more technologically advanced payment methods, involving facial recognition.