Remote account opening will rely on facial recognition on both desktop computers and smartphones.
According to a Bloomberg report, the Megvii application Alipay would use accesses facial scans held in a Ministry of Public Security database drawn from legal identification files on about 1.3 billion citizens.
Meanwhile, Chinas central bank is currently soliciting opinions on a draft rule that would allow people to open bank accounts remotely.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now