According to Biometrics Research Group, mobile commerce adoption will accelerate due to impending wide-scale integration of biometric technology into smartphone. It’s only after Apple brought its fingerprint tech in iPhones that biometrics got attention again. YC backed startup PayTango, seeks to enable customers to pay via Fingerprint Scan.
PayTango was Co-Founded by 4 CMU (Carnegie Mellon University) graduates – Brian Groudan, Kelly Lau-Kee, Umang Patel (CEO) and Christian Reyes in August 2012. The company has received a total funding of $700K through investors Y-Combinator and Andreessen Horowitz in Seed Round.
PayTango’s system links a form of payment such as debit or credit card, to a user’s fingerprint. He will then have to only place his index finger and middle finger on the biometric fingerprint scanner to make payment. The software immediately recognizes the user.