Connect with us

Hi, what are you looking for?

Imsilkroad

Alipay uses noseprint recognition for pet insurance

Abstract : Chinese mobile payment giant Alipay's insurance platform has open-sourced noseprint recognition technology to use it on the company's newly launched pet insurance, according to Alipay.

HANGZHOU, July 23 (Xinhua) — Chinese mobile payment giant Alipay’s insurance platform has open-sourced noseprint recognition technology to use it on the company’s newly launched pet insurance, according to Alipay.

The insurance, jointly launched with China Continent Property & Casualty Insurance Co., Ltd. and ZhongAn Online P&C Insurance Co., Ltd., is currently available for dogs and cats aged three months to 10 years old.

Pet’s noseprints are similar to human fingerprints in that they are unique.

With the technology, Alipay’s insurance platform can create an exclusive electronic file for each pet based on its noseprint and use the information to verify a pet’s identity before completing a claim.

According to Alipay, the success rate of pet noseprint recognition technology exceeds 99 percent and is expected to be applied to urban pet management and lost pets in the future.

According to a white paper on China’s pet business published by Chinese pet industry website goumin.com, urban consumption in the pet market in China reached 202.4 billion yuan (about 29 billion U.S. dollars) in 2019. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: Alipay uses noseprint recognition for pet insurance

Press Release Wring Service
Press Release Wring Service Senmer Press Release Service

Trending

You May Also Like

Purifier

Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...

Purifier

Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Purifier

We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...