UAE's New Palm Vein Payment Technology

The UAE has unveiled an innovative new payment method called Palm ID. This technology uses the unique vein patterns in people's palms for contactless transactions. Developed by the country's identity authority ICP in partnership with the Central Bank, Palm ID aims to streamline services across both public and private sectors. 

Palm ID is currently being trialled as part of the UAE Vision 2031 initiative to embrace advanced technologies It works by scanning a person's palm veins for authentication. This allows payments to be made and cash withdrawn from ATMs with just a palm scan. Regulations and systems are being finalized before a full public rollout.

Unlike facial recognition palm vein scanning is seen as more private as veins cannot be copied Registration involves linking palm biometrics to individual digital profiles for improved accuracy and security. Personal details like an Emirates ID will be needed to sign up through the ICP platform.

As well as payments, Palm ID may eventually be used for services like public transport A palm scan could grant access to metro stations in crowded places for added convenience. This highlights how the technology can smooth daily tasks.

The UAE's Vision 2031 aims to transform the nation through innovation and diversifying its economy beyond oil. Investing in cutting edge solutions supports improving living standards and global competitiveness. 

Shifting to a cashless society through solutions like Palm ID supports both economic growth and efficient public services under Vision 2031 It establishes the UAE as a leader in digital finance and technology within the region.

By pioneering innovative identification technologies the UAE is demonstrating its commitment to harnessing new tech for the benefit of citizens residents and the wider Vision 2031 agenda. Palm ID exemplifies this forward thinking approach.