🎉 Brazil 🇧🇷: Payface launches an innovative payment tool focused on gaming and security

🎉 Brazil 🇧🇷: Payface launches an innovative payment tool focused on gaming and security

The new solution, called Fortface, uses facial biometrics to position itself as an “anti-fraud tool”.

➡️ Fortface arrives at a crucial time, coinciding with the rollout of a special registry for gambling players that requires users to provide proof of income and biometric data. This registry will become mandatory starting January 1, 2025, though it is currently in the testing phase. Learn more here.

➡️ The initiative aims to prevent minors from accessing gambling platforms and to curb illicit activities involving stolen or compromised mobile devices.

➡️ The development of Fortface took 18 months and required an investment of 3.4 million USD. Payface’s identity verification tool now completes the process in an average of 4 seconds, which is three times faster than the market standard.

➡️Who is behind this innovation ❓ — Payface is a Brazilian startup based in Santa Catarina, headquartered on the island of Florianópolis. With six years of experience, the company is currently in a phase of significant growth and expansion.

#news #Brazil #gambling

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