Viva Republica, the company behind Toss, announced on June 9 that its facial recognition payment service, FacePay, has surpassed 6 million registered users.
The rapid increase in available merchants and a growing rate of actual transactions have led to assessments that facial recognition payments are becoming a mainstream offline payment method.
The number of FacePay users doubled in just three months, rising from 3 million in February to 6 million in May. The user count reached 4 million in March and 5 million in April.
User engagement is also expanding. According to Toss, 60% of users who have made at least one payment with FacePay continue to use the service regularly.
The payment infrastructure is also growing quickly. As of early June, the number of merchants equipped with Toss front terminals for FacePay transactions exceeded 370,000. The service is now available in 226 cities and districts nationwide, including cafes, restaurants, convenience stores, bookstores, rest areas, and auto repair shops.
Toss attributes the increase in users to the expansion of merchant partnerships and ongoing improvements in payment speed and facial recognition accuracy.
A Toss representative stated, "This growth trend shows that facial recognition payments are establishing themselves as a common payment method beyond just a new technology. We will continue to enhance our technology and services to allow more users to experience facial recognition payments seamlessly."
* This article has been translated by AI.
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