Brazilian fintech Payface acquires SmileGo to move into private label

Payface, a fintech specializing in facial biometric payments, acquired SmileGo, a facial recognition startup for white label card markets.

“The merge of Payface and SmileGo reinforces our commitment to enhancing retail security and shopping experience through facial biometrics,” said Victor Braz, former CEO of SmileGo.

Payface aims to have one million active users monthly, emphasizing the security benefits of biometric payments for card issuers.

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