Handwoman of the Hands of Retirement Traders with its European alternative to the Amazon palm payments

It looked with the manual wave once as science fiction, however Palm recognition service that does not communicate It was already used More than 8 million timesAccording to the company. This is Amazon, which explains the reason for its publication in Amazon stores and more than 500 Market Whole Foods in the United States, but only 150 locations for external entities.

Meanwhile, starttech startups like Latvia Manual wave It goes to this field, as it aims to provide retailers with external parties with a similar solution, but it is independent of the fastest registration, while taking advantage of the giant’s role in generalizing biometric payments in the West. (China has already started adopting biometric palm payments, with Tencent Bring Palm Pay Weixin in the prevailing use))

Like Apple’s face identifier, Palm Scanning uses more than fixed images: it analyzes palm vein patterns and is also achieved that the user is physically present when their hands are hovering on the scanner. This method works for safe payments that do not come into contact with and also apply to the broader identity checkpoints – with supporters like Keyo Safe access to construction and other applications.

On the contrary, the manual wave is focused specifically on retail sale – and because it does not have stores like Amazon, she had to search for partners, which requires a product. Three years later, now with its own devices and programs, Latvian Startup is preparing for the market pilots who will do palm scanners in retail stores.

Traders who publish the starting starting technology will pay a treatment fee that will be equal handicrafts with standard payments or less than standard payments. According to Handwave, it can reduce the fastest and cheaper withdrawals. But unlike some cost reduction measures, this solution aims to facilitate matters on customers-with no cards, no applications, no fingerprints, nor facial tests-even for age and loyalty verification programs.

Handwave, the Corporation, CEO of Handwave Janis Tirnna and Sandis Osmanis-Easmanis, previously worked in one of the world’s largest international payment providers, WorldLine. Despite this regard, the team aims to build a wide environmental system. “Our plan is to cooperate with any financial institution or get a bank,” Terrinna told Techcrunch.

Haina said that the startup has only seen with a handful of financial institutions so far, “but very large institutions, especially in Europe.” This summer, the startup company has signed an agreement with Visa that can accelerate the spread of the manual wave solution in any country, according to the chief revenue employee, Oskars Laksevics.

Although Handwave has its eyes in the American market as well, Laksevics believes it can be an advantage of starting in the European Union – the “most stringent market in the world” – and show compliance there before expansion.

It can also be an independent European player to start a feature to maintain a feature if Amazon decides or when Amazon decides the most powerful Amazon One to submit to third parties; Or if Jp Morgan comes out Try to pay its own palm trees additional.

The start starting can also depend on other arguments, including pricing. After the financial partners told that its devices should be able to compete for the price, the startup company has developed its devices and algorithms that make it cheaper than others.

Also enabling your headquarters in Riga the manual wave to work with limited capital. Startup has told Techcrunch financing the search and development process through Bootstraping, an angel’s investment round of $ 780,000, and $ 267,000 in non -property property financing. This amount came from materials funded by the European Union Cyber security grantAs well as support from Latvia LIA business incubator And the speed supported by the European Union Ready2scale.

Since it is preparing for its first pilots and obtaining organizational certificates, the manual wave has now obtained a 4.2 million dollar seed financing round led by VCTital, based in Vilnius, with the participation of FirstPick and Outlast Fund, as well as from Lithuania; Inovo.vc, a Polish VC also operates in Baltics.

The Baltic countries have created themselves as a Fintech axis, but they also have an easier scientific talent for start starting like the manual wave to attract and provide from the silicon valley – including artificial intelligence engineers. “In Paltik, there are not many companies where you can get this extreme level of technical challenge that must be resolved,” Terrinna said.

As for Laksevics, who previously occupied a major marketing role in Baltic Bank Luminor, Stirna also worked, Teccrunch was told that it was drawn by the vision. He said: “I have left the job of good -paid companies to join this, and I really think we are building the next large global payment platform.”

Handwave appears to be ready to put its best hand forward – but the only time will determine whether the market will get whether the biometric palm payments will really take.