Toss expands Facepay facial recognition payments to department stores and cinemas

South Korea's Toss is taking its Facepay facial recognition payments beyond convenience stores and cafes into department stores and cinemas, starting with a Hyundai Department Store branch in Sinchon and a partnership with cinema chain CJ CGV. It also launched the 40% smaller Toss Terminal 2 and ran a stablecoin payment proof of concept with Gwangju Bank.

• Facepay debuted at Hyundai Department Store's Sinchon branch with a 50% discount
• CJ CGV cinemas accept face payments for tickets and concessions via kiosks
• Toss Terminal 2 is about 40% smaller and combines payment, receipts and sales tracking
• Stablecoin pilot with Gwangju Bank currently supports QR codes only