Mihai Draghici joins us on the couch from a busy day on the road. Travelling all the way from Bucharest, he brings with us the exciting story of how the idea for his innovative FinTech company, PayByFace, came about. Coming from an engineering background, Mihai had the bright idea that facial recognition could prove to be a convenient, safe payment system. After all, you never forget your face at home.Mihai paints a picture of how transactions will be affected by facial recognition payments. This reveals Mihai’s vision for the company: he believes there is a way for transactions to transcend payments. With some effort and attention, Mihai hopes to gamify payments and turn them into a fun, enjoyable experience.Mihai also shares with us·        Why he believes facial recognition will out-perform other biometrics·        Applications of facial recognition beyond commerce·        How to face privacy concerns around facial recognitionTimeline00:00 – Introduction03:00 – What sets facial recognition technology apart10:00 – Opportunities for facial recognition16:00 – Data and privacy concerns22:00 – Facial recognition in MENA26:00 - ConclusionFollow 'Couchonomics with Arjun Singh' on any app you listen to podcasts.Check out Couchonomics website for all new updates:www.couchonomics.comHOSTBased in Dubai, Arjun is actively engaged with the Fintech & Start-up ecosystem across the MENA Region and beyond- as a passive investor, an advisory board member and as a commentator on the rapidly evolving scene.FINTECH NEWSSubscribe to Arjun's LinkedIn newsletter Daily Fintech Crunch to receive daily interesting news from the world of Fintech, DeFI, Crypto and beyond:https://www.linkedin.com/newsletters/6899436665924837377/PARTNERSCouchonomics with Arjun Singh is brought to you by ourpartners from:Adyen, a reliable end-to-end payments solution that enables businesses to turnpayments into a strategic growth driver:https://www.adyen.com/LuLu Financial Group, a global financial services provider headquartered in Abu Dhabiand operating in 11 countries:https://www.lulufin.com/M2P, Asia’s leading payment infrastructure company that enables businesses of anyscale to embed financial products:https://m2pfintech.com/Connect with Couchonomics:Websitehttps://www.couchonomics.com/TikTokhttps://vm.tiktok.com/ZMLQYGHoa/Instagramhttps://www.instagram.com/couchonomics/LinkedInOur website 👉 https://bit.ly/3jk7UH0Find us on our social media platforms: Arjun's LinkedIn https://www.linkedin.com/in/arjunvirsingh/ CCN LinkedIn https://www.linkedin.com/showcase/couchonomics-with-arjun-singh/ Instagram https://www.instagram.com/couchonomics/ Twitter https://twitter.com/Arjun_Vir_Singh?s=20 TikTok https://www.tiktok.com/@couchonomics Subscribe to Arjun's LinkedIn newsletter, Couchonomics Crunch: https://bit.ly/3WI4A6E

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