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UAE Introduces Revolutionary Palm Vein Technology for Seamless Transactions

"Your Vein is Your Identity" Project Enhances Security and Convenience in Daily Financial Activities

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Pavitra Shetty

Published on October 18, 2024, 16:21:14

Imagine completing daily transactions without needing wallet bank cards

Imagine completing your daily transactions without needing your wallet or bank cards. Thanks to the new "Your Vein is Your Identity" project by the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP), this will soon become a reality in the UAE. The ground-breaking palm vein technology showcased at Gitex Global 2024 allows citizens, residents, and visitors to use their palm for identity verification, making tasks like opening a bank account or withdrawing cash more secure and convenient.

Just like fingerprints, the veins in your palm are unique, and this new system will use that uniqueness to verify your identity. Once implemented, the technology will eliminate the need for physical cards or mobile apps for transactions, providing a higher level of security as no visible bank data can be shared or stolen.

 

How Will the Palm Vein System Work?

To start using this innovative technology, users will need to register their palm vein through the ICP’s system, which will link it to their Emirates ID. The registration process is quick and easy. Once linked, users can access a variety of services across government, semi-government, and private sector entities, thanks to the integration of databases across these departments through ICP’s enterprise system.

 

Key Uses of Palm Vein Technology

  1. Identity Verification: Whether it's withdrawing cash from an ATM or opening a bank account, you will be able to complete these tasks with just a scan of your palm, eliminating the need for a debit card or any other ID.
  2. Making Payments: The palm scan will also allow for seamless payments without needing your phone or wallet. Simply wave your hand over a sensor, and your payment is complete.
  3. Cashback at Shops: One of the most exciting features is the ability to withdraw cash directly from retail shops, even if there’s no ATM nearby. For example, after purchasing a meal for Dh50, you could request Dh50 cashback from the cashier using your palm. The total amount of Dh100 would be deducted from your bank account, offering a convenient way to access cash on the go.

This palm vein project marks a significant step in making everyday transactions faster, safer, and more convenient in the UAE.

For any enquiries or information, contact ask@tlr.ae or call us on +971 52 644 3004Follow The Law Reporters on WhatsApp Channels

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