• Reuters, Friday, October 14, 2016 9:05 AM

Alibaba Group Holdings' finance arm on Wednesday demonstrated a payment service that will allow virtual reality shoppers to pay for things in future just by nodding their heads. VR Pay, the new payment system, is part of Alibaba's efforts to capitalise on the latest technology in online shopping. In 2015, for example, it introduced a facial recognition technology for Alipay mobile payments service advertised as "pay with a selfie". The VR payment technology means people using virtual reality goggles to browse virtual reality shopping malls will be able pay for purchases without taking off the goggles. They can just nod or look instead. Lin Feng, who is in charge of Ant Financial's incubator F Lab that has been developing the payment service over the past few months, told Reuters: "It is very boring to have to take off your goggles for payment. With this, you will never need to take out your phone."

Read the whole story at Reuters »